retelit

Retelit confirms minority stake in MIX

27 February 2020 | Melanie Mingas

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Italian broadband and ICT provider Retelit SpA has purchased a minority stake in MIX SRL.

The move, confirmed in a statement from Retelit, saw the IT firm take a 1.120% stake in MIX, which describes itself as representing “the most significant” stakeholders in Italy’s internet infrastructure and service provision.

MIX is located at Caldera Park, near Milan, a technological campus that serves as the main interchange point for Italian internet networks and among Europe’s leaders in terms of traffic. Retelit already has a permanent presence in the MIX Data Centre providing connectivity through proprietary infrastructure.

This isn’t the first such deal in recent memory for Retelit. In October of last year, Retelit subsidary Retelit Digital Services signed a binding agreement for the acquisition of Partners Associates Group (PA Group). Six months prior, Retelit expanded its international network reach by launching new routes to the US and upgrading its existing routes between Europe-Asia and intra-Asia.

The latest move comes a little under three years after the appointment of Retelit’s current CEO Federico Protto, who is also a board member at MIX. According to the official confirmation, the transcation took place through an inter-company transfer “after the acquisition of PA Group last January”.