Investment firm Macquarie Asset Management has confirmed its acquisition of a 40% stake in the Italian wholesale network operator Open Fiber. It will pay utility group Enel EUR2.12 billion (USD2.51 billion) for the stake. Meanwhile, the Italian government-backed lender Cassa Depositi e Prestiti (CDP) will increase its own holding from 50% to 60% by acquiring a 10% interest from Enel. The transaction is subject to regulatory clearance and is expected to complete in Q4 2021.
Open Fiber operates Italy’s largest fibre-to-the-home (FTTH) network, with more than twelve million households passed in over 180 urban centres and 2,300 rural municipalities across the country.