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Broadband

Telecom Italia-Metroweb tie-up possible with conditions-CDP

Thursday 23 April 2015 | 10:02 CET | News
One of the controlling shareholders of fibre-optic provider Metroweb has for the first time suggested that Telecom Italia may be allowed to take over the company as long as it accepts having rival operators as shareholders. Franco Bassanini, chairman of Italy's state-backed holding company Cassa Depositi e Prestiti (CDP), said he would be prepared to sell a 51 percent stake in Metroweb to Telecom Italia if it agrees to strict governance conditions. "If Telecom Italia accepts the entrance of other operators it could have a majority stake from the very beginning, even though proper governance

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Categories: Fixed
Companies: Metroweb / Telecom Italia / Vodafone Italia
Countries: Italy
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