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Broadband

Telecom Italia submits offer for Metroweb stake – report

Wednesday 19 November 2014 | 15:42 CET | News
Telecom Italia has submitted an expression of interest for a controlling stake in Milan-based broadband provider Metroweb, according to unnamed sources cited by Italian business dailies Il Sole 24 Ore and Milano Finanza. The offer was sent to Italian infrastructure fund F2i, which has a 54 percent stake in Metroweb's holding company Metroweb Italia. One of the sources indicated that Telecom Italia had not revealed how much it would be prepared to pay for the stake but that Vodafone had also expressed interest and may take part in a bidding war. Telecom Italia has yet to comment on the reports

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