KKR receives Unconditional EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia

Kohlberg Kravis Roberts & Co. L.P. (KKR), an investment giant of the U.S., has achieved unconditional antitrust approval of European Commission (EC) for its acquisition of Telecom Italia’s fixed-line network, a deal worth as much as 22 billion euros ($24 billion). This approval represents a significant milestone as it marks the first time a former telephone monopoly in a major European nation has divested its landline grid.