MIL-OSI Translation: Note from Palazzo Chigi, green light from the Italian Government for the sale of the TIM network to the US infrastructure fund KKR

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MIL OSI Translation. Region: Italy –

Source: Government of Italy

January 17, 2024

The green light with provisions from the Italian Government for the sale of the TIM network to the US infrastructure fund KKR represents a further and fundamental step in the acquisition of NetCo (a company that substantially holds all of TIM’s fixed network infrastructures), to protect of the national interest and to guarantee state control over the strategic assets of the primary telecommunications network.

A role for the Government is envisaged in defining strategic choices, all essential safeguards are ensured and State supervision is guaranteed of all aspects relating to the security, defense and strategic nature of the network and related assets.

The resolution of the Council of Ministers incorporates into the provisions the commitments that the parties have undertaken starting from the creation of the security organization, from the appointment of the person in charge of Italian citizenship, from the exclusive competence over all issues affecting strategic assets, from the maintenance in Italy of research and maintenance activities, and monitoring.

A certain framework of strategic supervision entrusted to the State is therefore outlined. An important step forward in the overall definition of the operation, which proceeds according to the announced timelines.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

MIL Translation OSI