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Broadband

F2i ready to sell Metroweb stake to Enel – report

Thursday 23 June 2016 | 14:36 CET | News
Italian infrastructure fund F2i has decided to sell its 54 percent stake in broadband provider Metroweb to utility giant Enel, according to unnamed sources cited by Milano Finanza. The fund is currently in exclusive talks with Enel over the utility's EUR 816 million offer for Metroweb but has communicated its decision to sell its stake in advance of the 03 July deadline, said the sources. On the basis of Enel's offer, F2i's stake would be worth in the region of EUR 440 million. Enel is looking to finalise an agreement that will help its newly-created Enel Open Fiber (EOF) venture to roll out

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Categories: Fixed
Companies: Enel / Metroweb
Countries: Italy
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