Wednesday , 12 December 2018
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Telecom Italia resumes Metroweb broadband talks

Telecom Italia resumes Metroweb broadband talks

Telecom Italia has confirmed its intention to resume negotiations with Milan-based fibre-optic provider Metroweb on plans to roll out a broadband network throughout Italy. In a statement issued following a board meeting held on 16 October, the company said it had examined a new proposal put forward by the two shareholders of Metroweb – state-backed Cassa Depositi e Prestiti (CDP) and infrastructure fund FSI – with regard to “the possibility of sharing  a plan of investments in the FTTH (fibre-to-the home) network”. 

No further details of the plan’s content were released but unnamed sources cited by Bloomberg last week suggested that Telecom Italia’s board would discuss a cash offer for an initial stake of 40 percent in Metroweb, subsequently boosting its holding to 60 percent and eventually reaching 100 percent over a five-year period. Telecom Italia chairman Giuseppe Recchi was last week quoted as saying that “Telecom Italia has always been open to Metroweb… it has always been open to building a sustainable network for the benefit of the market and the country.” 

The government is said to be keen to use Metroweb as the vehicle for implementing its EUR 12 billion public-private project to roll out fibre-optic broadband across the country but the plan was held up by Telecom Italia’s insistence on eventually being allowed to take control of the company.

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