Telecom Italia ready to reopen Metroweb talks - chairman

News Broadband Italy 9 OKT 2015
Telecom Italia ready to reopen Metroweb talks - chairman

Telecom Italia is prepared to reopen negotiations on broadband rollout with Milan-based fibre-optic provider Metroweb, according to chairman Giuseppe Recchi. “Telecom Italia has always been open to Metroweb… it has always been open to building a sustainable network for the benefit of the market and the country,” said Recchi on the sidelines of a conference, according to Ansa. He went on to confirm that the company will discuss strategic operations at its next board meeting on 16 October.

The chairman’s comments came after reports indicating that the two shareholders of Metroweb – state-backed Cassa Depositi e Prestiti (CDP) and infrastructure fund FSI – sent a letter to Telecom Italia saying they are prepared to consent to the operator’s insistence on proceeding along the lines of the Dutch model implemented by FTTH network operator Reggefiber and the incumbent operator KPN.

Unnamed sources cited by Bloomberg suggested the Telecom Italia board may discuss a cash offer for an initial stake of 40 percent in Metroweb, subsequently boosting its holding to 60 percent and eventually reaching 100 percent over a five-year period.

Categories:

Fixed

Companies:

Telecom Italia,  Metroweb

Countries:

Italy

Tags:

Production planning & operations, Fibre, Internet Access, Wholesale, Market research

Related Articles

ITALY 21 DEC 2015

Telecom Italia confirms joint Metroweb fibre rollout plans

Telecom Italia has confirmed that it's finalising plans to bring fibre-optic broadband technology to 250 Italian cities in a joint venture with broadband provider Metroweb. The chairman of state-backed lender Cassa Depositi e Prestiti (CDP), the main shareholder of Metroweb, last week said talks with Telecom Italia had picked up recently and the companies were discussing the possibility of expanding their joint rollout plans to more cities. Telecom Italia CEO Marco Patuano has now confirmed the ongoing talk

ITALY 17 NOV 2015

Telecom Italia, Metroweb to reveal plans in 20 days - report

Telecom Italia and Milan-based fibre-optic provider Metroweb are continuing their negotiations over a joint broadband network rollout and will outline their plans in around 20 days, according to unnamed sources cited by business daily Milano Finanza. The business plan will set out general guidelines on how to establish a possible collaboration between the two companies, with one source adding that the parties are working on the possibility of Telecom Italia acquiring a stake in Metroweb.

ITALY 19 OKT 2015

Telecom Italia resumes Metroweb broadband talks

Telecom Italia has confirmed its intention to resume negotiations with Milan-based fibre-optic provider Metroweb on plans to roll out a broadband network throughout Italy. In a statement issued following a board meeting held on 16 October, the company said it had examined a new proposal put forward by the two shareholders of Metroweb – state-backed Cassa Depositi e Prestiti (CDP) and infrastructure fund FSI – with regard to "the possibility of sharing  a plan of investments in the FTTH (fibre-to-the home) n

ITALY 12 OKT 2015

Telecom Italia fibre rollout hits 1.2 mln km - chairman

Telecom Italia has rolled out over 1.2 million km of fibre-optic cable in the first nine months of the year, according to chairman Giuseppe Recchi. "In 2015 we have been travelling at a speed of around 180 km an hour," said Recchi on the sidelines of a conference, adding that "in the past few months we are proceeding at record pace of 400,000 lines per month, a city the size of Turin." Telecom Italia's chairman also said fibre-optic coverage in Italy grew by 16 percent last year, compared to 6 percent in th

ITALY 7 OKT 2015

Telecom Italia to discuss new Metroweb proposal - report

A new proposal from Metroweb's shareholders to reopen talks on the development of an ultra-broadband network could be discussed by Telecom Italia in an extraordinary board meeting scheduled for 16 October, reports Il Sole 24 Ore. Earlier this year Telecom Italia appeared to have ruled out long-mooted takeover of the Milan-based fibre-optic provider but the two shareholders of Metroweb – state-backed Cassa Depositi e Prestiti (CDP) and infrastructure fund FSI – are keen to ensure the former incumbent operato

ITALY 28 SEP 2015

Enel, Metroweb to close broadband deal in October - report

Italian broadband provider Metroweb and utility giant Enel are still in talks over a joint fibre-optic network deployment and are hoping to announce a deal next month, according to unnamed sources cited by business daily Milano Finanza. Metroweb CEO Francesco Starace confirmed the negotiations in June, having previously announced that Enel's last-mile infrastructure was available for use by any operator with a view to avoiding duplication of networks. Enel has been carrying out a feasibility study involving

ITALY 12 AUG 2015

Metroweb CEO mulls Telecom Italia broadband tie-up

Italian fixed-line operator Metroweb should consider teaming up with Telecom Italia in the roll-out of broadband in larger towns as part of the government's national fibre-optic plan, CEO Albert Trondoli told daily Corriere della Sera. Rules on public funding means there is a risk only smaller towns eligible for subsidies will attract private infrastructure investment, he said.

ITALY 6 AUG 2015

Metroweb revenues up 4.5% in H1 - report

Italian broadband operator Metroweb recorded a net profit of EUR 7.8 million in the first half of 2015, up from EUR 6.4 million a year ago, a source with access to the figures told MF-Dow Jones. EBITDA increased over the same period to EUR 27 million from EUR 24.3 million, and revenues were up 4.5 percent year-on-year to EUR 37.5 million. The company's management expects a positive trend in the second half of the year, with similar growth figures, the report said. 

ITALY 10 JUL 2015

Metroweb president meets Vivendi chairman

The outgoing president of CDP and president of Metroweb, Franco Bassanini, met Vivendi chairman Arnaud de Puyfontaine, according to a tweet from the journalist Francesco Print Spini republished by Bassanini. The reporter asked if the meeting was the first step towards a partnership between Metroweb and Telecom Italia, given Vivendi's new role as the largest shareholder in TI. Bassanini is set to step down from the state lender CDP but will remain at the head of Metroweb. De Puyfontaine also met in Italy wit

ITALY 29 JUN 2015

CDP chairman denies refusing to invest in Telecom Italia

The  chairman of Italy's state-backed holding company Cassa Depositi e Prestiti (CDP), Franco Bassanini, has denied that he was asked to step down due to a refusal to countenance an investment in Telecom Italia. Bassanini and CDP CEO Giovanni Gorno Tempini will be replaced at the start of July and unnamed sources told Reuters that Italy's Prime Minister Matteo Renzi wanted CDP's management replaced due to rifts over the need to make investments in infrastructure and support companies, with the Italian press

ITALY 18 JUN 2015

Metroweb finalising EUR 5 bln broadband plan - Bisio

Italian broadband provider Metroweb is finalising a plan to invest EUR 4-5 billion to roll out a fibre optic network across the country, according to Vodafone Italia CEO Aldo Bisio. "Talks to define the business plan of Metroweb Sviluppo are almost finished and envisage EUR 4-5 billion of investments to build a network in line with the government's indications," said Bisio said on the sidelines of an event, according to Reuters. However, Bisio added that certain governance and financial issues still need to

ITALY 1 JUN 2015

Wind, Vodafone sign letter of intent with Metroweb investors

Italian operators Vodafone Italia and Wind have signed a letter of intent with shareholders of broadband provider Metroweb to roll out a fibre-optic network throughout the country via a new vehicle called Metroweb Sviluppo (Metroweb Development). Vodafone Italia had already signed a non-disclosure agreement with infrastructure fund F2i over the possibility of buying a stake in Metroweb, while Wind had previously offered the assets of its fixed-line unit Infostrada as a means of implementing the government's

Just In

08:00

Smart, Ericsson, Meta complete network optimization for Messenger call quality upgrade in Philippines

05:23

ePLDT taps CSG to upgrade enterprise services offering

05:10

ESET launches AI-powered MDR service in APAC with 6-minute response time

04:51

Ateme delivers streaming platform for Moldtelecom

Commentary

11 FEB 12:29

Odido shareholders face tricky exit after abandoned IPO

2 FEB 13:49

KPN results show little bother from the competition

2 JAN 13:21

Open Dutch Fiber's new management team takes up turnaround challenge

15 DEC 2025 13:56

Video market set for slower growth ahead

Background

5 APR 23:40

The week in telecoms: Free goes all-in on roaming, AT&T tries FMC innovation and Starlink gets bigger

29 MRT 22:46

The week in telecoms: Italy brings back PTT, US bans foreign routers and social media on trial

23 MRT 00:38

The week in telecoms: OFC and Nvidia events drive data centre networking talk, Orange debuts full French office stack

16 MRT 00:25

The week in telecoms: Pakistan ready for 5G, Google exits FTTH market and Canal Plus works on pay-TV turnaround

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.