Metroweb state owner rejects Telecom Italia proposal: sources

By on April 23, 2015

MILAN/ROME (Reuters) – The state proprietor of Italy’s Metroweb has rejected a suggestion by the use of Telecom Italia (TLIT.MI) to take a stake within the broadband firm and step by step reach one hundred Pc, in line with an e-mail thought to be by way of Reuters and two Individuals as regards to the subject.

probably the most Contemporary twist in long-working talks between Telecom Italia and state lender Cassa Depositi e Presititi (CDP) over Metroweb’s future possession might want Vodafone (VOD.L), which has additionally set its sight on the agency.

CDP not directly owns a stake in Metroweb thru its investment arm Fondo Strategico Italiano (FSI).

“CDP and FSI should no longer in the state of affairs to maneuver ahead … at terms outlined inside the MOU (memorandum of determining) draft despatched with the aid of Telecom Italia,” FSI head Maurizio Tamagnini suggested Telecom Italia CEO Marco Patuano in an April 21 electronic mail.

It used to be not clear whether the rejection places an end to negotiations between Telecom Italia and CDP.

(Reporting by way of Danilo Masoni and Alberto Sisto, additional reporting with the aid of Luca Trogni, modifying by the use of Stephen Jewkes)

Reuters: Experience Knowledge

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