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Enel set to table EUR 760 mln bid for Metroweb – report

Friday 6 May 2016 | 08:39 CET | News
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Italian utility Enel is close to tabling a bid for a controlling stake in Milan-based broadband provider Metroweb as part its plans to build a national fibre-optic network, according to unnamed sources cited by Reuters. The utility giant has valued Metroweb at around EUR 760 million, said one source, and is looking to acquire the 54 percent stake owned by infrastructure fund F2i before merging the company with its newly-created Enel Open Fiber venture. Enel CEO Francesco Starace recently confirmed that the utility was talking to Metroweb after presenting a EUR 2.5 billion plan to help bring

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