Cassa Depositi e Prestiti and the Fondo Strategico Italiano (controlled by the CDP itself) detach a coupon of 10 million thanks to the optical fiber. According to Radiocor, Metroweb Italia, the holding company which owns the main investments in this sector (mainly in Milan with Metroweb and in Genoa), closed 2013 with a profit of 10,6 million, practically all of which was intended for dividends.
This is thanks to financial income, mainly coupons from subsidiaries (6 million came from Metroweb) and returns on invested liquidity, for 12,7 million. In fact, 180 million remain in the company's coffers to be allocated to the announced investment plan in 30 Italian cities on the new generation network (the so-called NGN) for a total of 4,5 billion. However – states the 2013 financial statements – “some important contextual changes have taken place, including the uncertainty generated by the debate on the plan to spin-off the Telecom Italia network”.
In the past, there had been discussions of a spin-off to be carried out at the same time as the contribution of Metroweb Italia to the possible newco by Cdp and Fsi: a scenario, which was later not implemented, which probably slowed down the company's expansion plans. However, the management underlines the start of works for the development of optical fiber in Bologna and Settimo Torinese and the analysis "of further targets in the cities of Lombardy and Veneto". Metroweb Italia, chaired by Franco Bassanini and led by Alberto Trondoli, is 53,8% controlled by F2i and 46,2% by FSI: the 87,7% stake in Metroweb of Milan (which with 375 km of optical fiber is the most wired city in Europe) is worth 202 million, that of Genoa about 15 million.
