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Broadband

Swisscom sells 10.6% stake in Metroweb for EUR 80 mln

Friday 5 August 2016 | 09:51 CET | News
Swisscom has announced the sale of its 10.6 percent stake in Milan-based broadband provider Metroweb to the main shareholder Metroweb Italia SpA for a total of EUR 80 million. The Swiss company held the minority stake in Metroweb through its Italian subsidiary Fastweb and confirmed that commercial relations between Fastweb and Metroweb would remain in place. Swisscom said it considered the current market conditions favourable to dispose of its stake after Italian utility Enel last month agreed to acquire 100 percent of Metroweb Italia SpA for a total enterprise value including minority

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Categories: Fixed
Companies: Enel / Fastweb / Metroweb / Swisscom / Telecom Italia
Countries: Italy
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