Abu Dhabi’s biggest sovereign fund is in talks with U.S. firm KKR to invest in Telecom Italia’s (TIM) last-mile network in a deal that has drawn scrutiny from Italy’s government, three sources close to the matter told Reuters.
Rome typically welcomes foreign investments but demands assurances that investors will follow the country’s national interests. The government has special vetting powers to block unwanted bids in industries deemed of strategic importance.
