Both Telecom Italia and A2a are in the spotlight on the Stock Exchange following the news of the agreement signed for the fiber in Milan. Above all, the utility benefits, which in one session tending towards the negative for Piazza Affari it gains more than 1% to 1,265 euros per share: instead it slips below the Telecom parity.
The news, reported by Il Sole 24 Ore, is that in the chess match for the fiber the TLC responded to theEnel-Metroweb agreement signing in recent weeks an agreement with A2a for the joint development of fiber optic infrastructure in Milan: Telecom will therefore be able to use A2A's ducts for laying the optical fiber or plan common developments on the network. The alliance with A2a will initially concern the areas of Milan where Telecom Italia does not use the Metroweb network.
The agreement could soon be extended, with the same A2a, to the cities of Bergamo and Brescia, while the signing of an agreement in Emilia Romagna with another utility is imminent. ICPBI analysts expressed their appreciation for Telecom's move and confirmed the 'Buy' recommendation on the shares of the telecommunications company. The positive recommendation on the Milanese multi-utility was also confirmed by Intermonte (outperform), which just today raised the price target from 1,5 to 1,55 euro per share on the shares.
Mediobanca also welcomes the operation with enthusiasm signed between Telecom and A2a which brings together the technological know-how of the telecommunications group with the industrial infrastructure of the multi-utility to create a high-speed fibre. The Piazzetta Cuccia experts also recalled that the agreement follows the one that Telecom had recently signed with Fastweb for the creation of FlashFiber. "We really like how the CEO of the telecommunications group is acting on the fiber network - they commented - the move could put pressure on Enel Open Fiber".
Telecom Italia is engaged in reach 2018% of the Italian population by 84 with an FTTC network (it was 51% last June) and would be proceeding at a rate of 13 homes a week. TIT aims to serve, in addition to Milan where it will operate independently, 29 other Italian cities with an FTTH network (the one up to the house) through the JV Flash Fiber (80% TIT 20% Fastweb) for which it is imaginable agreements will be signed with other municipalised.
