Vodafone Italia moves closer on Metroweb deal

Vodafone Italia reportedly reached a preliminary deal to buy a stake in Milan-based fibre operator Metroweb [1] from asset management firm F2i.According to various media outlets, Vodafone and F2i have signed a letter of intent to negotiate a deal.As it’s a non-disclosure agreement, however, details are scant. There is no news of financials or stake size.The Italian government has considered using the broadband company [2] as the vehicle for implementing its ambitious broadband strategy, but talks with Vodafone, Wind and Telecom Italia have stalled.Operator rivalry is partly to blame for lack of progress, as too is a complex ownership structure.Metroweb is 87 per cent controlled by holding company Metroweb Italia, around 54 per cent of which is owned by F2i, with state-backed holding company Cassa Depositi e Prestiti (CDP) owning 44 per cent and Italian broadband operator Fastweb holding an 11 per cent stake.[1] http://www.mobileworldlive.com/vodafone-plots-italian-quadplay-strategy [2] http://www.mobileworldlive.com/italy-looking-expand-high-speed-fiber-optic-networks-e4b-plan