Italy's CDP to invest EUR 200 million in Metroweb

News Broadband Italy 29 MEI 2012
Italy's CDP to invest EUR 200 million in Metroweb
The Italian state investment fund FSI, controlled by the state bank CDP, has decided to invest EUR 200 million in Metroweb, the company that owns the fibre-optic network in Milan, acquiring a share of 46.2 percent. Italian investment fund F2i will remain the majority owner of the company. The news was announced by the CEO of CDP, Giovanni Gorno Tempini. FSI also has an option to invest another EUR 300 million to finance the second phase of investments.

Categories:

Fixed

Companies:

Metroweb

Countries:

Italy

Tags:

Fibre, Financial funding

Related Articles

ITALY 21 AUG 2012

Telecom Italia, F2i end talks on fibre cooperation

An alliance between Telecom Italia and F2i for expanding fibre services to over 36,000 buildings in Milan (80% of the total) is unlikely to go ahead, according to Italian news agency Radiocor. Negotiations launched in November 2011 with the signing of a term sheet, but were suspended at the end of May, making all agreements reached so far invalid. F2i, which controls Milan operator Metroweb, said there was a lack of agreement on the decision-making mechanisms in the joint venture and the sharing of data. F2

ITALY 28 MEI 2012

Telecom Italia shareholders want cooperation with Metroweb

Telecom Italia and Metroweb should join forces to implement the national fibre-optic network, according to the Association of Small Shareholders of Telecom Italia (Asati). In a letter to the government, Telecom Italia, CDP, F2i, Metroweb and Intesa Sanpaolo, Asati claims that it "would be a disaster for the nation" if Telecom Italia and Metroweb were to compete against each other. Asati has also called on the board of directors of Telecom Italia to "immediately decide on all procedures pertinent to the sett

Just In

13:58

Polish ICT industry group PIIT elects management for new term

13:54

Slack files UK anti-trust lawsuit against Microsoft over Teams bundling

13:51

Sopra Steria posts 3% organic revenue increase in Q1 as growth accelerates in France

13:46

T-Mobile Poland offers free roaming data bundle for activation by 04 May

Commentary

20 APR 10:36

Netflix back to organic growth and doing just fine

11 FEB 12:29

Odido shareholders face tricky exit after abandoned IPO

2 FEB 13:49

KPN results show little bother from the competition

2 JAN 13:21

Open Dutch Fiber's new management team takes up turnaround challenge

Background

27 APR 14:33

Virgin Media O2: from coax to fibre and 80% coverage in 2028

26 APR 23:04

The week in telecoms: sovereign hopes take hold in Europe and Apple confirms new CEO

19 APR 23:04

The week in telecoms: SFR takover moves ahead, Amazon bags Globalstar and Netgear in favour in US

12 APR 23:28

The week in telecoms: Samsung profits soar, Netflix targets kids and telcos build defence vertical

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.