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Broadband

TIM wants two-thirds majority of Metroweb JV - chairman

Monday 2 May 2016 | 09:46 CET | News
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Telecom Italia (TIM) is indeed negotiating with Milan-based broadband provider Metroweb with a view to creating a joint venture in which it retains a majority of at least two-thirds, said Telecom Italia chairman Giuseppe Recchi, according to Reuters. The confirmation follows reports that Telecom Italia and state-backed lender Cassa Depositi e Prestiti (CDP) were negotiating a deal that may see the operator acquire Metroweb in exchange for a stake in its international wholesale unit TI Sparkle. 

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