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Broadband

Enel ready to accept Macquarie offer for Open Fiber stake - report

Tuesday 20 October 2020 | 10:06 CET | News
The board of Italian utility giant Enel has assessed a binding bid from Australian infrastructure fund Macquarie for its 50 percent stake in wholesale-only operator Open Fiber and could green light the sale before the end of the year, according to unnamed sources cited by Il Sole 24 Ore. Last month, Macquarie Infrastructure & Real Assets (MIRA) offered EUR 2.65 billion, excluding debt, for the stake, with further adjustment and earn out mechanisms to be taken into account.

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Categories: Fixed
Companies: Open Fiber / Telecom Italia / TIM
Countries: Italy
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