Open Fiber expects IPO in 2019

6 Sep 2017

Italian wholesale broadband network operator Open Fiber is likely to be ready to sell shares via an initial public offering (IPO) by the end of 2019. A report from CorCom cites the firm’s CEO Tommaso Pompei as saying that 2018 is too early for a listing, but by the end of 2019 he is expecting the firm to have developed its infrastructure and customer base sufficiently to support a share sale. Open Fiber, which is owned by utility group Enel and the government-backed investment bank Cassa Depositi e Prestiti (CDP), currently passes some two million households with its fibre networks. It is rolling out infrastructure in 20 cities, with plans to begin work in another 80 urban areas this year. It has also won state tenders to deploy broadband networks in rural areas, covering around 7,000 communities.

Italy, Open Fiber