TI may renew Metroweb negotiations

26 Mar 2015

Telecom Italia (TI) may look to revive negotiations with fibre network operator Metroweb in a response to its rival Vodafone’s confirmation that it has opened formal negotiations to buy a stake in Metroweb. According to a report from Reuters, which cites two sources close to the matter, TI directors will meet today (Thursday) to discuss the situation. State-backed Metroweb is being seen as a key element in the Italian government’s plan to deploy a nationwide fibre broadband network to help the country meet European Union (EU) Digital Agenda targets by 2020. Discussions between TI and Metroweb broke down earlier this year due to disagreements over the final ownership structure of the fibre provider.

According to TeleGeography’s GlobalComms Database, Metroweb is co-owned by Metroweb Holding (87.7%) and Italian internet service provider (ISP) FastWeb (10.6%); the owner of the remaining 1.7% stake is unknown. Meanwhile, Metroweb Holding is owned by investment fund F2i (53.8%) and state-backed holding company Cassa Depositi e Prestiti (CDP) through its investment arm Fondo Strategico Italiano (FSI, 46.2%).

Italy, Metroweb, Telecom Italia (TIM), Vodafone Italy