Breakingviews – Italian telecom network Plan B will be hurdle race
KKR may be getting a consolation prize after its failed takeover of Telecom Italia . The 6 billion euro Italian telecoms incumbent on Sunday took a formal step towards merging its broadband network – which counts the U.S. buyout giant as an investor – with state-controlled rival Open Fiber. Yet any agreement will need to win over shareholders, bondholders, and regulators.

Breakingviews – Italian telecom network Plan B will be hurdle race

KKR may be getting a consolation prize after its failed takeover of Telecom Italia . The 6 billion euro Italian telecoms incumbent on Sunday took a formal step towards merging its broadband network – which counts the U.S. buyout giant as an investor – with state-controlled rival Open Fiber. Yet any agreement will need to win over shareholders, bondholders, and regulators.