Home Enel board to sell minimum 40% stake in Open Fiber to Macquarie
 

Keywords :   


Enel board to sell minimum 40% stake in Open Fiber to Macquarie

2020-12-18 09:17:00| Telecompaper Headlines

(Telecompaper) Italian energy giant Enel said its board has given the go ahead to sell up to 50 percent of wholesale operator Open Fiber to Australian fund Macquarie, potentially paving the way to a nationwide fibre-optic network open equally to all market players. In a statement, Enel said its CEO had been given a mandate to sell between 40 percent and 50 percent of Open Fiber to Macquarie by June. The Australian fund has agreed to pay EUR 2.65 billion for Enel's full 50 percent stake, including the transfer of a shareholder loan worth EUR 270 million. [ more ]

Tags: to board open sell

Category:Telecommunications

Latest from this category

All news

»
18.03Pilot Chemical Names Graeme Biggin VP of Growth and Innovation
18.03Yoga mats and VR headsets added to inflation basket
18.03EverGen Subsidiary Fraser Valley Biogas Reaches Property Deal
18.03Pharmacies prepare to cut opening hours in funding protest
18.03Ally Waste Wins 2025 NAA Top Employers Award
18.03The Matrix film producer files for bankruptcy
18.03Cameras in the calving lot and barn: tools and toys
18.03Subsea fibre cables can 'listen out' for sabotage
More »