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Broadband

Swisscom to decide on Metroweb sale to Enel by 20 June

Wednesday 8 June 2016 | 11:53 CET | News
Swisscom will decide whether to apply its veto on the proposed sale of Italian broadband provider Metroweb to utility giant Enel by 20 June, reports Il Sole 24 Ore. The Swiss company retains a minority stake in Metroweb Milan through its Italian subsidiary Fastweb and has the right to approve any shareholder changes in Metroweb. The main shareholders of Metroweb, Italian infrastructure fund F2i and state lender Cassa Depositi e Prestiti (CDP) have already decided to enter into exclusive talks with Enel over the sale of their stakes, but Swisscom could still apply its veto, which is valid

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