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Broadband

Telecom Italia shelves Metroweb plans – report

Friday 20 February 2015 | 13:24 CET | News
Telecom Italia's board has decided to temporarily shelve plans to acquire a controlling stake in broadband provider Metroweb, according to a report in Il Sole 24 Ore. The board unanimously decided to set aside the proposed takeover in a meeting held to approve the company's preliminary full-year results as well as a three-year business plan. The report adds that Telecom Italia's ongoing negotiations to acquire a stake in broadband provider Metroweb stalled due to the failure to reach an agreement over the 51 percent ownership threshold required by the former incumbent operator. The decision

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