KKR eyes further investment in Telecom Italia's fixed-line assets-sources

MILAN : Private equity firm KKR is eyeing a further investment in Telecom Italia's fixed-line network as Italy's main telecoms group weighs options for its assets in an effort to appease top investor Vivendi, three source close to the matter said.

With a plan to merge TIM's core fixed-line assets with those of state-backed rival Open Fiber on hold, Gubitosi has been reviewing other options to raise money from TIM's assets while the company wrestles with ferocious competition on its home turf. The infrastructure arm of U.S. fund KKR last year bought a 37.5per cent stake in TIM's so-called last-mile fixed network connecting street cabinets to people's homes.

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Japan's GPIF posts Q2 return of US$16.5 billion, boosted by domestic stocksTOKYO : Japan's Government Pension Investment Fund (GPIF) posted a second-quarter investment return of 1.88 trillion yen (US$16.54 billion), fuelled by gains from domestic stocks, it said on Friday.The world's largest pension fund, GPIF managed 194.1 trillion yen of assets by the end of September, with a
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