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Macquarie offers EUR 2.65 bln for Enel's Open Fiber stake

2020-09-18 09:16:00| Telecompaper Headlines

(Telecompaper) Italian utility giant Enel has confirmed the receipt of a binding bid from Australian infrastructure fund Macquarie for its 50 percent stake in Italian wholesale-only operator Open Fiber. In a brief statement, Enel said Macquarie Infrastructure & Real Assets (MIRA) offered EUR 2.65 billion, excluding debt, for the stake, with further adjustment and earn out mechanisms to be taken into account. The state-backed utility said its board is now "awaiting updates on the details that may emerge following the required in-depth activities with MIRA on the content of the offer."

Tags: open offers eur fiber

Macquarie to table binding offer for Enel's Open Fiber stake - report

2020-09-16 09:44:00| Telecompaper Headlines

(Telecompaper) Australian infrastructure fund Macquarie is set to make a binding offer to acquire all or part of Enel's 50 percent stake in Italian wholesale-only operator Open Fiber, according to an unnamed source cited by Reuters. The offer for a stake of between 35 percent and 50 percent will be sent to Enel before the utility giant's board meeting on 17 September, said the source. In June, Enel confirmed that Macquarie had tabled a non-binding offer for all or part of its stake in a bid that according to various sources valued the company at EUR 7.7 billion.

Tags: report open offer table

Rakuten and Telefonica join forces in support of Open RAN

2020-09-16 02:00:00| Total Telecom industry news

Today, Telefonica has announced a new deal to develop Open RAN technology in collaboration with Japan’s Rakuten. Open RAN is a concept whereby networks are comprised of hardware and software from multiple vendors that are open and interoperable. This theoretically means less reliance on major traditional vendors and allows for a wider…read more on TotalTele.com »

Tags: support join open forces