Open Fiber
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Hexatronic US, a subsidiary of Hexatronic Group, has entered into a 3-year strategic partner agreement with Open Fiber USA in North Carolina, valued at more than 40 MUSD (mStable). -
Telecom Italia is seeking around US$21.5 billion for its landline network according to reports.
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Telecom Italia (TIM) has signed an agreement with state investor CDP to combine its fixed network assets with Open Fiber.
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Italian wholesale fibre provider, Open Fiber, has selected a centralised optical test solution from VIAVI to support its goal of delivering 100% gigabit broadband coverage in Italy.
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Open Fiber, the independent wholesale fibre company, is to supply its network to TIM’s FiberCop to connect at least 500,000 homes.
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Forthcoming events
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Italian electricity group Enel has completed the sale of its 50% stake in Italian wholesale operator Open Fiber for €2.73 billion.
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Italian investment bank Cassa Depositi e Prestiti (CDP) and Australian private investment company Macquarie are rumoured to secure approval for its Open Fiber deal.
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Macquarie Asset Management has finalised an agreement with Enel to acquire a 40% equity stake in Open Fiber for €2.12 billion ($2.5 billion).
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Italy appears to be moving away from the idea of a full-blown merger of its fibre infrastructure, led in part by former Vodafone chief Vittorio Colao, who wants to retain competition.
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The European Union is to support an Italian plan to build ultra-fast networks to the tune of €7 billion, according to unconfirmed reports.
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Carlo Filangieri, the head of wholesale markets at TIM, is to be the CEO of Italy’s last-mile fibre business, FiberCop.
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Italian electricity company Enel has agreed that it will sell its stake in Open Fiber for €2.65 billion to Australian investor Macquarie.
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Italy is set to take the next step to creating a unified wholesale fibre network company by the beginning of December.
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Australian bank Macquarie has made a binding €2.65 billion offer for Enel’s 50% stake in Open Fiber, the Italian wholesale fibre company.
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Italian operators have taken the first – and biggest – step to creating a single network delivering fibre to the home (FTTH), to be followed by a later merger to create a national wholesale-only fibre network.
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The creation of a single Italian network took another step towards realisation last week when Enel received a non-binding bid from Macquarie Infrastructure Real Assets (MIRA) for “the acquisition of the whole or part” of its 50% stake in Open Fiber.
