Key facts
- EU Commission is investigating KKR over the Telecom Italia deal.
- KKR allegedly provided misleading information regarding wholesale access terms.
EU probes KKR over alleged misleading statements in Telecom Italia deal
IN SHORT
The European Commission has opened a formal investigation into KKR over potentially misleading information provided during its acquisition of Telecom Italia's fixed-line network. The probe follows complaints that KKR unilaterally increased prices for wholesale access after the deal, contrary to assurances given to the Commission.
Key Numbers
22billion euros KKR deal value
24.7billion US dollars KKR deal value
0.8919euros per US dollar
Who's Involved
EU Commission
opened investigation into KKR over Telecom Italia deal
KKR
US investment firm accused of misleading EU
Telecom Italia
fixed-line network acquired by KKR
other operators
complained about KKR's actions
↳ Why This Matters
The European Commission's investigation into KKR could lead to penalties and impact future M&A activity within the EU if KKR is found to have provided misleading information regarding its acquisition of Telecom Italia's fixed-line network.