The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

REFILE-Italy's F2i considers gradual exit from Metroweb - sources

Fri, 12th Dec 2014 10:51

(Removes extra word in headline)

By Stefano Rebaudo

MILAN, Dec 12 (Reuters) - Infrastructure fund F2i isconsidering a gradual exit from its controlling stake in Italianfiber optic network provider Metroweb and may take a decision onthe sale in the first quarter of next year, two sources close tothe matter said.

Italy's former phone monopoly Telecom Italia andthe Italian arm of global mobile phone group Vodafone have both expressed interest in buying Metroweb to expand theirfixed broadband business.

According to the sources, F2i will evaluate the businessplans of potential buyers on top of the price offered for itsstake. They said F2i could sell the stake gradually in order tomaximize value.

Some analysts have valued Metroweb at around 400 millioneuros ($497 million). ($1 = 0.8044 euros) (Reporting by Stefano Rebaudo, writing by Danilo Masoni;editing by Agnieszka Flak)

Related Shares

More News
Today 10:09

TOP NEWS: Vodafone commences EUR500 million share buyback programme

(Alliance News) - Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a...

Today 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Today 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

14 May 2024 17:38

Vodafone reports 2% rise in annual profit after stronger final quarter

Core earnings rise 2.2%, meeting market forecasts *

14 May 2024 17:20

London stocks edge higher after mixed jobs report

FTSE 100 up 0.2%; FTSE 250 adds 0.3% *

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.