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BRUSSELS, April 13 (Reuters) - Italy state lender CassaDepositi e Prestiti (CDP) is working with infrastructure fundF2i on a plan to recapitalise fiber optic network providerMetroweb and possibly open up its capital to new investors, CDPChairman Franco Bassanini said on Monday.
During a press conference in Brussels, Bassanini said therecapitalisation needed to be done rapidly in order to takeadvantage of public incentives planned by the Italian governmentto help roll out fiber networks across the country.
He said he believed 4.5-5.5 billion euros needed to beinvested to meet government targets of bringing fiber to thehome of Italian households.
Metroweb, which has attracted rival takeover interest fromTelecom Italia and Vodafone, is currentlyowned by CDP and F2i. (Reporting by Francesco Guarascio; writing by Danilo Masoni)
