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Broadband

Enel still working on Metroweb bid - CEO

Wednesday 18 May 2016 | 10:30 CET | News
Italian utility giant Enel has yet to finalise its bid for a controlling stake in Milan-based broadband provider Metroweb, according to Enel CEO Francesco Starace. "We haven't yet tabled our offer for Metroweb," said Starace at the launch of the Formula-E electric single-seater championship in Rome, before adding that "we're working on it." A report in Il Sole 24 Ore suggests the utility could offer EUR 350 million to EUR 400 million for a 51 percent stake in Metroweb, matching the rival bid for Metroweb submitted by Telecom Italia that's due to expire at the end of the week.

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