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Enel Tables Formal Offer for Metroweb

Italian utility company, which has made its entry into fiber optic broadband, Enel has tabled a formal offer to buy fiber optic company Metroweb, two sources close to the matter said on Thursday. Reuters News reports the latest movement by Enel, that will have implications in the Italian telecommunication market.

optical fiber

Telecom Italia Gears up to Face the Competition

Italian telecom market updates suggest that the incumbent telecom operator, Telecom Italia has started experiencing the real heat of competition from its rival Enel in the broadband market. Taking the challenge, the operator is reportedly in talks over a deal to swap a stake in its wholesale arm TI Sparkle for fiber optic broadband operator Metroweb. Telecom Italia is holding…