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Last Trade - 05/07/19

Sector
Telecoms
Size
Large Cap
Market Cap £9.49bn
Enterprise Value £32.75bn
Revenue £13.72bn
Position in Universe th / 6825

Enel sees opportunity to monetise stake in Open Fiber "in big way" - CEO

Tue 24th November, 2020 11:25am
MILAN, Nov 24 (Reuters) - Enel  ENEI.MI  sees the
opportunity to monetise its investment in fast broadband company
Open Fiber "in a big way", the chief executive of the Italian
utility said on Tuesday.
    "We are not going to become a telecom operator but we will
remain an infrastructure operator and we will monetise
accordingly as soon as we see the opportunity fitting our
appetite", Francesco Starace said in a call on the group's new
business plan.
    Investment firm Macquarie submitted a binding bid for Enel's
50% stake in Open Fiber in September, which values the whole of
the broadband group at about 7.3 billion euros.

 (Reporting by Elvira Pollina and Stephen Jewkes)
 ((elvira.pollina@thomsonreuters.com;))
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