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Broadband

Enel makes formal EUR 806 mln bid for Metroweb - report

Friday 20 May 2016 | 08:43 CET | News
Italian utility giant Enel has tabled a formal EUR 806 million bid for Milan-based broadband provider Metroweb, according to three unnamed sources cited by Reuters. Unlike the rival all-cash offer from Telecom Italia, Enel's bid is expected to be part in cash and part in shares, said one of the sources, with another adding that the utility is the favoured bidder and would eventually be asked to raise its offer to EUR 820 million to match the operator's bid. Metroweb is currently owned by state lender Cassa Depositi e Prestiti (CDP) and infrastructure fund F2i, and Enel is looking to finalise

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