Searchlight Capital takes 49% stake in Italy’s EOLO

Investment group Searchlight Capital Partners is acquiring a 49% stake in the Italian fixed-wireless ISP EOLO from existing shareholders Luca Spada and Elmec. According to a statement from EOLO, the proceeds from the operation will be used to finance the growth of the company, which has planned investments of around EUR300 million (USD390 million) over the period 2018-2020 to roll out a 100Mbps wireless broadband network. EOLO currently serves around 300,000 subscribers across 13 Italian regions.