Enel committed to Open Fiber for now

28 Nov 2019

Italian utility group Enel has said it is in no hurry to sell its stake in domestic wholesale network operator Open Fiber. Enel currently holds a 50% interest in the operator, with state lender Cassa Depositi e Prestiti (CDP) owning the remainder. Telecom Italia (TIM) is currently discussing a possible merger of Open Fiber and its own broadband network operations to create a nationwide fibre network business. Meanwhile, it has invited bids from investment funds who could come on board to help finance the deal. Reuters quotes Enel CEO Francesco Starace as saying: ‘We are not in a hurry … There is no tendency to walk out of the Open Fiber joint venture … it needs serious consideration.’

TeleGeography’s GlobalComms Database notes that Open Fiber is deploying fibre-based networks in 271 Italian cities, allowing third-party service providers to offer connectivity at up to 1Gbps. In addition, it is rolling out infrastructure in rural regions under a series of state-subsidised contracts to cover digital divide areas.

Italy, Open Fiber, Telecom Italia (TIM)