Wren House interested in Open Fiber stake

15 Jul 2020

UK-based, Kuwaiti-owned infrastructure investment firm Wren House has reportedly submitted an expression of interest in acquiring a 50% stake in the Italian wholesale network operator Open Fiber from current owner Enel. Unnamed sources cited by Reuters did not give any indication of the size of the offer. Enel has already received one bid for its half share of Open Fiber, from Macquarie Infrastructure Real Asset, with that offer thought to value the telco at almost EUR8 billion (USD9.1 billion), including debt.

Italy, Open Fiber