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Broadband

Enel's fibre unit completes EUR 714 mln Metroweb buy

Wednesday 21 December 2016 | 08:46 CET | News
Italian utility giant Enel has officially completed the acquisition of Metroweb, the Milan-based broadband provider it agreed to buy in July, for around EUR 714 million. Enel said Metroweb will be integrated with its wholesale broadband subsidiary, which has changed its name from Enel Open Fiber (EOF) to Open Fiber (OF). Under the terms of the binding agreement for the acquisition of Metroweb signed in October, the broadband operator will be merged with OF but Enel will hold a 50 percent stake in the entity with state lender CDPE (Cassa Depositi e Prestiti Equity).

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Categories: Fixed
Companies: Enel / Metroweb
Countries: Italy
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