KKR secures EU antitrust approval for €22bn Telecom Italia fixed-line network acquisition.

U.S. firm KKR has secured unconditional EU antitrust approval for its €22bn ($24bn) acquisition of Telecom Italia's fixed-line network. This marks the first time a major European telecom operator is divesting its landline grid, potentially paving the way for others to follow suit. The European Commission concluded that the deal would not significantly reduce competition in Italy's wholesale broadband access services market.