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Wireless

Searchlight Capital acquires 49% stake in Italy's Eolo

Thursday 11 January 2018 | 14:18 CET | News
Italian fixed-wireless broadband provider Eolo announced an agreement to sell a 49 percent stake in its business to private investment firm Searchlight Capital Partners. Eolo founder Luca Spada will continue to serve as CEO and retain a 51 percent stake in the company together with the Elmec Group. In a statement, Eolo said the proceeds of the deal will be used to help fund the company's EUR 300 million 2018-20 investment plan, including the project to roll out a fixed-wireless network based on 5G technologies to over 7 million homes and businesses throughout the country.

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Categories: Mobile & Wireless
Companies: EOLO
Countries: Italy
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