0
Broadband

Macquarie to table binding offer for Enel's Open Fiber stake - report

Wednesday 16 September 2020 | 09:44 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Australian infrastructure fund Macquarie is set to make a binding offer to acquire all or part of Enel's 50 percent stake in Italian wholesale-only operator Open Fiber, according to an unnamed source cited by Reuters. The offer for a stake of between 35 percent and 50 percent will be sent to Enel before the utility giant's board meeting on 17 September, said the source. In June, Enel confirmed that Macquarie had tabled a non-binding offer for all or part of its stake in a bid that according to various sources valued the company at EUR 7.7 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Open Fiber
Countries: Italy
::: add a comment
This article is part of dossier

Fibre


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Enel ready to accept Macquarie offer for Open Fiber stake - report

Published 20 Oct 2020 10:06 CET | Italy
The board of Italian utility giant Enel has assessed a binding bid from Australian infrastructure fund Macquarie for its 50 ...

EU unlikely to green light TIM-Open Fiber merger - report

Published 17 Sep 2020 10:35 CET | Italy
The European Union's competition officials are likely to oppose Italy's plan to create a single national high-speed broadband ...

Italian single broadband network plan 'a giant step backward' - Read

Published 11 Sep 2020 11:34 CET | Italy
Vodafone group CEO Nick Read has described the Italian government's single network plan as a possible "return to a monopoly... ...

Intred, Open Fiber sign new Lombardy FTTH deal

Published 07 Sep 2020 15:30 CET | Italy
Italian fixed-network operator Intred has announced an expansion of its earlier agreement with wholesale operator Open Fiber. ...

Open Fiber, Nokia ink new Italian FTTH contract

Published 07 Sep 2020 09:51 CET | Italy
Italian wholesale-only provider Open Fiber has signed a new contract with Nokia to accelerate its build of fibre-to-the-home ...

TIM approves sale of FiberCop stake to KKR and govt single network plan

Published 01 Sep 2020 08:56 CET | Italy
Telecom Italia (TIM) announced that its directors approved the sale of a minority stake in its last-mile fixed network to US ...

Vodafone, WindTre, Sky call on govt to guarantee independence of single broadband network

Published 31 Aug 2020 08:52 CET | Italy
The CEOs of Vodafone Italia, WindTre and Sky Italia have called on the Italian government to ensure the independence of a future ...

Open Fiber gains extra EUR 675 mln funding from banks

Published 07 Aug 2020 16:53 CET | Italy
Italian wholesale operator Open Fiber announced a EUR 675 million extension to its existing credit line, raising the total from ...

Poste Italiane picks Vodafone for mobile services, TIM and Open Fiber for new fibre venture

Published 24 Jul 2020 10:52 CET | Italy
The Italian post office (Poste Italiane) announced new contracts with Telecom Italia (TIM) and wholesale operator Open Fiber to ...

Macquarie makes offer for Enel's Open Fiber stake

Published 17 Jun 2020 09:56 CET | Italy
Australian infrastructure fund Macquarie has tabled an offer to acquire Enel's 50 percent stake in Italian wholesale-only ...





Calendar   /   Industry Events

26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Telefonica Brasil Q3 2020
27 Oct Sequans Communications Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Cognizant Q3 2020
28 Oct Telecoms World Asia 2020
29 Oct Digital Realty Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Dasan Zhone Q3
29 Oct Ribbon Communications Q3
29 Oct Comcast Q3 2020
29 Oct Veon Q3 2020
29 Oct NTT Docomo fiscal Q2
::: More Calendar Items