Fastweb Agrees To Buy 11.1% Of Metroweb
November 22 2011 - 10:58AM
Dow Jones News
Swiss-owned Italian phone company Fastweb SpA said Tuesday it
has signed an agreement to buy 11.1% of Metroweb, the owner of the
largest fiber-optic network in Milan.
The investment will be made through Fastweb's parent, Swisscom
Italia Srl. The purchase price wasn't disclosed.
Following the acquisition, Metroweb's shareholders will be as
follows: Fastweb 11.1%, through Swisscom Italia; F2i Reti 61.4%;
A2A SpA 25.7%; and Metroweb managers 1.7%.
Metroweb's revenue in 2010 was EUR51 million.
Mediobanca SpA acted as adviser on the deal.
-By Jennifer Clark, Dow Jones Newswires; 39 02 58 21 9904;
jennifer.clark@dowjones.com
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