Open Fiber, the Italian wholesale FTTH access network operator set up by power utility Enel, has closed the acquisition of Metroweb for €714 million (US$749 million).
The deal was first agreed in July and the details finalized in October. The new combined company is jointly owned by Enel and Italian state funding company CDP Equity SpA. (See Eurobites: Italy's Enel in $2.8B FTTH Plan.)
National operator Telecom Italia had also been interested in acquiring Metroweb, which is building fiber access networks in Milan, Genoa, Bologna and Turin, to further its own FTTH ambitions, but Open Fiber won the duel to close the deal.
The acquisition is part of Open Fiber's plans to build an extensive wholesale FTTH network across more than 200 cities that can be used by multiple retail broadband service providers to reach more than 9.5 million homes. The initial Open Fiber rollout targets Bari, Cagliari, Catania, Florence, Genoa, Naples, Padua, Palermo, Perugia and Venice.
UK mobile operator will use its 5G spectrum to launch a fixed wireless access (FWA) service in London in August and plans to have that offer, plus mobile 5G services, in 25 UK cities by the end of this year.
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