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Broadband

CDP set to confirm Enel as Metroweb buyer - report

Wednesday 25 May 2016 | 08:38 CET | News
Italian state lender Cassa Depositi e Prestiti (CDP) is set to confirm this week that it has decided to sell its stake in broadband provider Metroweb to utility giant Enel rather than Telecom Italia, according to three unnamed sources cited by Reuters. "CDP's choice has been made and is in favour of Enel," said one of the sources. Enel last week tabled a EUR 806 million offer for Metroweb, which one source said has now raised to a binding EUR 814 million to match Telecom Italia's bid. 

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Categories: Fixed
Companies: Enel / Metroweb / Telecom Italia
Countries: Italy
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