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CDP may take stake in Telecom Italia to boost Metroweb deal

Friday 18 December 2015 | 08:38 CET | News
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Italian state-backed lender Cassa Depositi e Prestiti (CDP) may end up taking a stake in Telecom Italia if the operator eventually sets up a joint venture with broadband provider Metroweb to roll out a fibre-optic network across the country, according to CDP's chairman Claudio Costamagna. The government is said to be keen to use CDP-controlled Metroweb as the vehicle for implementing its EUR 12 billion public-private project to build a national fibre-optic network and Costamagna told Reuters that talks with Telecom Italia had picked up recently and could lead to "moves on shareholder

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Categories: Fixed
Companies: Metroweb / Telecom Italia / Vodafone / Wind
Countries: Italy
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