The times for the realization of the single network project are getting longer. Cdp Equity, Macquarie and Open Fiber have communicated that the evaluation process currently in progress, "given the extent of the transaction and the time necessary to analyze all the information received from Tim, requires an extension of the indicative timeline originally discussed, and they said they were ready to re-discuss it" .
For its part, kkr confirmed that she wants to stay aligned with Tim in the discussion on the Memorandum of Understanding and its subnet of fibercop (of which he owns 37,5%) in the discussion to create the single network.
The parties will meet during the week. Surely the timing of the operation will go beyond the expiry date set at 31 October. It is likely that Cdp will wait for the new centre-right government to share the single network strategy and project with the new Treasury Minister (shareholder of CDP with an 88% stake).
What happened?
Tim instead, after the Board meeting of September 29, wrote a letter in which he urged the Cassa to disclose its intentions, since the date for the non-binding offers expired on August 4, and that for the binding offers will expire soon (October 31), making the exclusivity to deal effectively void. According to rumors the CEO of the Group, Peter Labriola he would have asked Cdp to specify what the next deadlines are and define the times. CDP replied that at the moment it cannot confirm a date for the non-binding offers. Hence the request for the extension of the MoU signed at the end of May.
At this point, much will depend on the intentions of the new government, even if the premier in pectore has stated several times that she is in favor of implementing the single network project.
