Following many twists and turns, Telecom Italia's plan to create a single fiber network in Italy through an integration with Open Fiber finally gained real traction this week.
The matter is far from straightforward, and it involves the completion of a number of separate processes.
Telecom Italia announced that its board of directors has approved the sale of a 37.5% stake in a new entity called FiberCop to US private equity group KKR for €1.8 billion (US$2.15 billion), after delaying the decision earlier in August at the government's request.
FiberCop will incorporate Telecom Italia's secondary network, the dumb physical infrastructure that hosts the operator's copper and fiber networks – the ducts, sockets and other such property.
Fastweb, an Italian broadband operator, will also hold a 4.5% in the new company after FlashFiber, a joint venture between Telecom Italia and Fastweb, is incorporated into FiberCop.
For more on Telecom Italia's plans to create a single fiber network, read the full story on Light Reading: Telecom Italia on track to create single fiber network
— Anne Morris, contributing editor, Light Reading