After lengthy negotiations, Tim sold its fixed network to the American fund KKR, which leads a consortium in which the Ministry of Economy and the Italian fund F2i also participate. As the official note explains, 14.2 billion euros flowed into the group's coffers with the signing. Although, considering the 400 million of the separation costs, the actual net is 13.8 billion. Tim's debt deflates, therefore, relieving the company's new course of an important burden. The old Tim had 37,065 employees, now it has 17,281 left. FiberCop, the network company to which the network has been assigned, will have 19,784 employees. The shares of the new company - between direct and indirect - should be 32.5% for the US fund, to which are added the Ministry of Economy (20%), the United Arab Emirates fund Adia (20%), the Canadian pension fund CPP (17.5%) and F2i (10%). Great satisfaction transpires from the Treasury which, like the government, has supported the entire operation: "Today's closing is the first piece of a puzzle in the solution of the historic problems of this country and a key step for the reorganization of the Italian telecommunications system," commented the head of the MEF, Giancarlo Giorgetti "First in Europe, we have chosen to separate infrastructure from services, to ensure the best, sustainable and fastest possible development'.
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