KKR wins EU approval for Telecom Italia deal 

Reuters exclusively reported that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed by the European Commission. The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.