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Broadband

TIM prepared to offer TI Sparkle for Metroweb - report

Monday 23 May 2016 | 09:31 CET | News
Telecom Italia (TIM) is prepared to offer 100 percent of its international wholesale unit TI Sparkle in a deal that would see it acquire Milan-based broadband provider Metroweb, reports Il Sole 24 Ore. The operator is locked in a battle with utility giant Enel to acquire Metroweb from state lender Cassa Depositi e Prestiti (CDP) and infrastructure fund F2i, with CDP said to favour the utility's recent EUR 806 million bid. However, Telecom Italia is now ready to up the ante and offer CDP and F2i the possibility of acquiring 100 percent of TI Sparkle – valued at EUR 2.1 billion to EUR 2.3

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Categories: Fixed
Companies: Metroweb / Telecom Italia / TI Sparkle / TIM
Countries: Italy
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