KKR Receives Early EU Approval for $24 Billion Telecom Italia Fixed-Line Network Acquisition

May 30, 2024, 03:28 PM

KKR has received early, unconditional approval from EU antitrust regulators for its $24 billion acquisition of Telecom Italia's fixed-line network. The deal, valued at 22 billion euros ($23 billion), will not raise any competition concerns according to the EU regulators. This marks a significant milestone for KKR as it expands its telecommunications portfolio in Europe.