
Preliminary opinion of the Commission on the acquisition
The European Commission provided KKR with its preliminary opinion that the company provided incorrect or misleading information during the 2024 investigation into the acquisition of NetCo.
AI-generated summary
In 2024 Kkr notified the acquisition of exclusive control over NetCo, which includes Tim's fixed network and FiberCop.
The Commission provided KKR with its preliminary opinion that the company provided incorrect and/or misleading information during the Commission's 2024 investigation into KKR's acquisition of NetCo.
According to the Commission, KKR "provided incorrect and/or misleading information on the terms of its long-term agreements for access" to the fixed broadband network, "including the fact that the existing terms would continue to apply as they could only be modified by mutual agreement with third-party operators", explains Palazzo Berlaymont in a note.
On 19 April 2024, KKR notified to the Commission a transaction proposal relating to the acquisition of sole control over NetCo. NetCo includes Tim's primary and backbone fixed network business, as well as FiberCop.

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