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
24.02What Is a Forward Deployed Engineer? The Role Bridging AI Ambition and Production Reality
23.02From AI Pilots to Production Results with Governed Execution
Telecommunications »
28.02This Week in Agribusiness, February 28, 2026
28.02This Week in Agribusiness, February 28, 2026
28.02Rent tops 1,000 a month in more areas - find out where
27.02What the Warner Bros deal could mean for streaming, cinemas and news
27.02JBS breaks ground on Cactus beef plant expansion
27.02Gov. Pillen signs bill to streamline livestock zoning processes
27.02Beefs positive consumer valuation driven by quality
27.02Sam Altman backs rival Anthropic in fight with Pentagon
More »