Published by Global Banking & Finance Review®
Posted on July 24, 2025
1 min readLast updated: January 22, 2026
EU regulators probe KKR's $26B Telecom Italia deal for potential misleading info, focusing on FiberCop agreements with Fastweb and Iliad.
By Foo Yun Chee
BRUSSELS (Reuters) -EU antitrust regulators will investigate whether U.S. investment firm KKR provided incorrect or misleading information in its 22-billion-euro ($26 billion) acquisition of Telecom Italia's (TIM) fixed-line network deal, the European Commission said on Thursday.
The Commission, which acts as the competition enforcer in the 27-country bloc, approved the deal unconditionally in May last year, attributing this in part to long-term agreements between FiberCop and telecoms companies Fastweb and Iliad.
FiberCop is Telecom Italia's last-mile grid unit.
"Under the investigation opened today, the Commission will assess whether KKR provided incorrect or misleading information about these agreements," the EU watchdog said in a statement.
The Commission has in recent years cracked down on companies providing misleading information during merger reviews and handed out hefty fines.
(Reporting by Foo Yun Chee)
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and upholding EU treaties.
A merger is a business transaction where two companies combine to form a single entity, often to enhance competitiveness or market share.
Antitrust regulation refers to laws and policies designed to promote competition and prevent monopolistic practices in the marketplace.
Misleading information in finance refers to inaccurate or deceptive data presented to investors or regulators that can influence financial decisions.
An acquisition is a corporate action where one company purchases most or all of another company's shares to gain control of that company.
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