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Broadband

Enel preparing formal EUR 820 mln bid for Metroweb - report

Wednesday 11 May 2016 | 14:07 CET | News
Italian utility giant Enel is preparing to table a formal bid for a controlling stake in Milan-based broadband provider Metroweb that would value the company at EUR 820 million, according to two unnamed sources cited by Reuters. The formal offer is expected to be presented in the next few days and would match the rival bid for Metroweb submitted by Telecom Italia, said the sources. Metroweb is currently owned by state lender Cassa Depositi e Prestiti (CDP) and infrastructure fund F2i, and Enel is looking finalise an agreement that will help its newly-created Enel Open Fiber venture roll out a

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