Home Enel accelerates fibre plans with Metroweb takeover
 

Keywords :   


Enel accelerates fibre plans with Metroweb takeover

2016-07-29 13:06:00| Telecompaper Headlines

(Telecompaper) Enel said its its Enel Open Fiber (EOF) wholesale broadband business agreed to acquire competitor Metroweb, allowing the group to accelerate its plan to roll out a high-speed broadband network all over Italy in competition with Telecom Italia. Under the deal, Enel and existing Metroweb shareholder, the state lender Cassa Depositi e Prestiti (CDP) Equity (CDPE), will each hold a 50 percent stake in the combined EOF/Metroweb entity. Enel and CDPE will each participate in a EUR 714 million capital increase for EOF which will use the proceeds to acquire all shares in Metroweb, Enel said in a statement.

Tags: plans fibre takeover accelerates

Category:Telecommunications

Latest from this category

All news

»
28.03Amorepacific Patents Hair Growth Compositions with Camellia Kaempferol Glycoside
28.03Dry Shampoo That Provides Color Patented by Church & Dwight
28.03FTX's Sam Bankman-Fried sentenced to 25 years
28.03Pork producers donate 35,000 pounds of Dailys bacon to Utah Food Bank
28.03Post-Brexit tax to hit UK car exports to Canada
28.03Webinar series to focus management of beef on dairy crossbreds
28.03Secret papers show Post Office knew case was false
28.03LOccitane Travel Retail Debuts New Bodycare Range From Sol de Janeiro With Paris Pop-Up
More »