TIM entitled to up to 75% of FiberCop gains from any Open Fiber commercial tie‑up – CEO

Telecom Italia SpA

07/05/2026 14:39

MILAN, May 7 (Reuters) - Any commercial tie‑up between Italian telecoms network operators Open Fiber and FiberCop would entitle Telecom Italia (TIM) to an additional payment of up to 75% of the benefits accruing to FiberCop from the deal, TIM’s chief executive said on Thursday.

   The owners of FiberCop and Open Fiber are discussing the terms of a possible commercial deal to complete the country's high-speed broadband rollout, Reuters reported last month.

Telecom Italia sold FiberCop, which manages Italy's main landline network, to a KKR-led KKR.N consortium in 2024 in a 19-billion-euro ($22.36 billion) deal, to cut the phone group's debt pile.

Under the term of the agreement, Telecom Italia would be entitled to an additional payment of up to 2.5 billion euros if a tie-up is completed by the end of 2026.

"If they are trying to do a full merger it is quite difficult to think they are able to close it by December 31", Telecom Italia Chief Executive Pietro Labriola told analysts during a post-earnings call.

"If they sign a commercial agreement, TIM will get up to 75% of the synergies FiberCop generates from that deal", Labriola added.

($1 = 0.8499 euros)

 (Reporting by Elvira Pollina, editing by Alvise Armellini)

 ((elvira.pollina@thomsonreuters.com;))