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Broadband

'Time probably right to exit Open Fiber' - Enel CEO

Wednesday 25 November 2020 | 09:15 CET | News
The chief executive of utility giant Enel confirmed that it could be the right time for the 50 percent shareholder to exit wholesale operator Open Fiber and take advantage of an offer from Australian fund Macquarie to monetise its investment. "Probably, it is good for us to exit Open Fiber now. We think we can do it if conditions are right", said Francesco Starace following a business plan presentation, according to Reuters. Earlier this year, Macquarie submitted a binding offer for all or part of Enel's stake in Open Fiber that valued the company at around EUR 7.3 billion.

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Categories: Fixed
Companies: Open Fiber / Telecom Italia / TIM
Countries: Italy
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