The Cultural Shift in Middle East Investment
The Middle East’s investment landscape demands more than capital and strategy. Success requires cultural adaptation, patience, and relationship-building that challenges Western business norms.
Tag: Sovereign wealth fund
KKR Forgoes FiberCop Dividends Amid Italian Telecoms Customer Losses
Private equity firm KKR has reportedly decided to forgo dividends from its Italian telecoms business FiberCop following significant customer losses. The €22bn Telecom Italia acquisition faces challenges as the company falls short of initial projections amid government pressure to merge with state-controlled rival Open Fiber.
KKR’s Italian Telecom Investment Faces Headwinds
Global investment firm KKR has chosen to forgo dividends from its Italian telecommunications venture FiberCop after accelerated customer losses, according to reports from the Financial Times. The decision suggests one of Europe’s largest private equity deals may be underperforming initial expectations, with the €22bn acquisition of Telecom Italia’s fixed-line network business facing operational challenges.