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Broadband

Open Fiber to sign EUR 3.5 bln funding deal - report

Friday 13 April 2018 | 11:52 CET | News
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP is poised to sign an underwriting agreement with banks for a EUR 3.5 billion project finance package to support its broadband rollout, according to two unnamed sources cited by Reuters. The potential deal, which confirms an earlier report in business daily Il Sole 24 Ore, is due to be discussed by the company in a 13 April board meeting to approve a new business plan.

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Categories: Fixed
Companies: Open Fiber / Telecom Italia / TIM
Countries: Italy
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