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.

Tags: to board open sell

Category:Telecommunications

Latest from this category

All news
12.12AI in Financial Services 2025: Turning Intelligence Into Impact
11.12How to Build AI-Enabled Operations and Achieve Measurable Outcomes
04.12AI Revolution in Service Management Features Intelligent Operations and Continuous Innovation (Part 2)
Telecommunications »
16.12Meet the biggest heat pumps in the world
16.12UK launches taskforce to 'break down barriers' for women in technology
16.12Thousands of drivers wrongly fined for speeding since 2021
16.12Ford to scale back electric vehicle plans, taking $19.5bn hit
15.12UK and South Korea strike trade deal
15.12Protect our market for a bright future
15.12Cattle prices: Up or down from here?
15.122025 Agricultural Resource Management Survey enters final phase
More »