Enel plans takeover of LATAM fibre operator Ufinet 

Italian electric utility company Enel is reportedly planning on taking over South American fibre optic network operator Ufinet. Enel already owns 21% of the LATAM operator, but has an option to pay up to €2.1 billion to buy the 79% owned by private equity firm Cinven. A decision has not been made on how a […]

Italian fibre network must be independent from operators says Enel CEO

Any single ultra-fast fibre network in Italy must be operated independently, believes the CEO of multinational energy company Enel. According to news agency Reuters, the Enel chief exec Francesco Starace called on any fibre network to be run independently from groups selling services to clients. Speaking on Thursday to Corriere TV, Starace was asked about […]

Enel unit teams up with Melita for Italian fibre offering

Energy company Enel Energia and Melita Italia, the Italian subsidiary of Maltese cable operator Melita, have signed a partnership to offer speed fibre internet services across Italy. As from Thursday, with the launch of Enel in Fibra by Melita, Enel Energia’s domestic customers will be able to add FTTH services to their existing electricity and […]

Swisscom to sell Metroweb stake as Fastweb moves forward with fibre plan

Swisscom has agreed to sell its 10.6% in Italian operator Metroweb to the latter’s main shareholder Metroweb Italia for €80 million. The company’s shareholder agreement, which gives Swisscom certain minority rights, will be terminated when the transaction closes. The value of the deal is in line with the valuation placed on Metroweb by Italian utility […]