Two Italian ISPs set for ownership changes

26 May 2021

Italian fixed-wireless provider EOLO is set for a shareholder shake-up, with four infrastructure investment funds lining up to bid for a stake. A report from CorCom citing Italian newspaper Il Sole 24 Ore says that DWS, InfraVia Capital Partners, Brookfield and Wren House are interested in acquiring 75% of EOLO in a deal valued at around EUR2 billion (USD2.45 billion). Searchlight Capital Partners is reported to be selling its entire 49% stake, while holding company Cometa – co-owned by EOLO’s founder Luca Spada and Grupo Elmec – is offloading around half of its 51% interest.

Rival fixed-wireless provider Linkem could also be set for a new owner, the report continues, with majority shareholder Jefferies Group set to sell its 52.9% interest. The stake could be worth around EUR2.5 billion.

Italy, Brookfield Infrastructure Partners, EOLO, Linkem, Searchlight Capital