The duel between Telecom Italia and Enel for the purchase of Metroweb has reached its final stage. In fact, the electric group is about to present, according to rumors reported by Repubblica and also taken up by MF, its proposal for control of the company of which Cdp Equity owns 46% and F2i for the remaining 54%.
According to some rumors, the valuation proposed by Enel should be between 780 and 806 million euros for Metroweb against the 820 estimated by Telecom Italia. Metroweb is considered a "jewel" in the field of optical fiber since it was the first to cable Milan where it now has one of the most branched networks in Europe. Enel's proposal would contemplate an exchange of shares between the 46% controlled by Cdp Equity and the new Open Fiber recently set up precisely to start the operation of launching the optical fiber in parallel with the installation of the new new generation digital meters.
Enel's proposal values Metroweb at 780 – 806 million against the 820 estimated by Telecom Italia in its proposal presented on 10 May for 100% control of the company and valid, so the telephone group had communicated, a week. It would therefore have already expired even if the rumors state that Telecom actually gave itself time until the next weekend of 21-22 May. If CDP's response does not arrive by this date (the next board meeting is scheduled for the end of May), Telecom could therefore exit the operation. On the other hand, the CEO Flavio Cattaneo affirmed in recent days that the group will continue on the optical fiber “even without Metroweb).
While the Ftse Mib lost 10,00% at 0,56, the shares Telecom Italy e Enel lose respectively 1,66% and -0,86%
