Telecom Italia SpA logo

TI.A - Telecom Italia SpA News Story

$5.21 0.0  0.0%

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

Macquarie looking at syndicating its purchase of stake in Open Fiber

Tue 24th November, 2020 4:07pm
MILAN, Nov 24 (Reuters) - Australia's Macquarie is looking
at the idea of syndicating the purchase of a stake in fast
broadband company Open Fiber from Italian utility Enel
 ENEI.MI , sources said on Tuesday.
    Enel, which jointly controls Open Fiber with state lender
CDP, received a binding bid from Macquarie in September for all
or part of its 50% stake.
    The sources said Macquarie had written a letter to Enel
asking for permission to share its evaluation model with
potential co-investors. 
    It did not ask for access to the data room for the possible
co-investors, the sources added.
    Macquarie and Enel declined to comment.

 (Reporting by Stephen Jewkes in Milan and Giuseppe Fonte in
Rome, editing by Giulia Segreti)
 ((stephen.jewkes@thomsonreuters.com; +39.0266129695; Reuters
Messaging: stephen.jewkes.thomsonreuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.