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Broadband

Enel board backs sale of Open Fiber stake to CDP

Monday 3 May 2021 | 09:55 CET | News
The board of Italian energy giant Enel has approved the sale of a 10 percent stake in wholesale operator Open Fiber to state lender Cassa Depositi e Prestiti (CDP) for EUR 530 million. Once completed, the transaction would raise CDP's stake in Open Fiber to 60 percent, a move that could allow the state lender to proceed with a long-term project to merge Telecom Italia's landline grid with Open Fiber's fixed network assets in a nationwide entity called AccessCo.

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Categories: Fixed
Companies: Open Fiber
Countries: Italy
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