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Broadband

Telecom Italia offers EUR 820 mln for Metroweb - report

Tuesday 10 May 2016 | 08:38 CET | News
Telecom Italia has tabled a formal EUR 820 million all-cash offer to acquire Milan-based fibre provider Metroweb, according to an unnamed source cited by Reuters. Metroweb is currently owned by state-lender Cassa Depositi e Prestiti (CDP) and infrastructure fund F2i, with Swisscom subsidiary Fastweb also retaining a minority stake, and the report indicates Telecom Italia is prepared to buy 100 percent of the company or a two-thirds controlling stake. Telecom Italia's bid pits it against utility giant Enel, which has reportedly offered around EUR 400 million for the 54 percent stake in

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