Tim moves forward on the fiber optic network project, in parallel with the KKR affair. In fact, the national TLC group has announced a new co-investment agreement between FiberCop and Netoip after the previous ones already achieved with Connectivia and other operators. With the new operation, Tim continues along the path of development of the access market in FTTH mode (Fiber to the home).
Under the new agreement, "Netoip will use the secondary fiber optic access network up to FiberCop's homes to develop the Fiber-to-the-Home (FTTH) access market in 9 municipalities in the Marche region and other municipalities in the Calabria regions , Sicily and Sardinia” specifies the press release of the telephone group.
FiberCop's goal is to cover 75% of gray and black areas of the country by 2025, therefore the areas with the greatest market competition. "The agreement reached - the Tim press release continues - confirms the effectiveness of the co-investment model which allows all interested operators to participate in the development of optical fiber in Italy in a framework of infrastructural competition".
In FiberCop – the company owned 58% by Telecom Italia and 37,5% by the US fund KKR which came forward proposing a takeover bid on the telephone group – Fastweb has co-invested from the outset, which also contributed its 20% in FlashFiber and thus became a shareholder of FiberCop with a 4,5% stake. Other converters are Iliad and, as mentioned, Connectivia. The co-investment formula with telecommunications service operators is currently being examined by Agcom and the Antitrust. Both processes should be completed by the first quarter of next year.
