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Open Fiber, ACEA close to deal for superfast broadband rollout in Rome - sources

Published 26/06/2017, 10:28
© Reuters.  Open Fiber, ACEA close to deal for superfast broadband rollout in Rome - sources
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MILAN (Reuters) - Italy's Open Fiber is close to agreeing a deal with ACEA (MI:ACE) to use the utility's infrastructure for the roll-out of ultrafast broadband in Rome, two sources close to the matter said on Monday.

Open Fiber, the broadband unit owned by power utility Enel (MI:ENEI) and state lender CDP, has been seeking to strike strategic deals with utilities across Italy as it squares up to rival phone group Telecom Italia (MI:TLIT) in its network investments.

Enel declined to comment on the Open Fiber-ACEA deal.

The news of Open Fiber and ACEA nearing a deal first appeared in la Repubblica's Affari&Finanza insert on Monday.

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