Reports from Italy suggest that infrastructure investment fund F2i is not willing to sell its entire stake in fibre network operator Metroweb to Telecom Italia or its rival Vodafone Italy. La Repubblica writes that F2i is instead considering a reserved capital increase under which one of the two telcos acquires a minority interest in Metroweb, with an option to increase their holding at a later date.
As previously reported by TeleGeography’s CommsUpdate, F2i is looking to offload its 53.8% stake in Metroweb Holding, which in turn holds an 87.7% interest in Metroweb. State-backed holding company Cassa Depositi e Prestiti (CDP) holds the remaining 46.2% of Metroweb Holding through its investment fund FSI, while Italian internet service provider FastWeb has an 11% direct stake in the fibre wholesaler.