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Broadband

TIM in talks to swap TI Sparkle stake for Metroweb - report

Monday 25 April 2016 | 08:45 CET | News
Telecom Italia (TIM) and state-backed lender Cassa Depositi e Prestiti (CDP) are negotiating a deal that may see the operator acquire Milan-based broadband provider Metroweb in exchange for a stake in its international wholesale unit TI Sparkle, according to unnamed sources cited by Reuters. Metroweb is currently owned by CDP-controlled Fondo Strategico Italiano (FSI) and infrastructure fund F2i, with Fastweb retaining an 11 percent stake. Italian daily La Repubblica also reported that a possible deal could see Telecom Italia buy F2i's 54 percent stake in Metroweb in cash before acquiring

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