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.
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
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