Italian broadband provider FastWeb has confirmed that it has signed an agreement to acquire 11.1% of Milan-based metropolitan fibre-optic operator Metroweb, for an unconfirmed fee, rumoured to be around EUR48 million (USD64.8 million). Dow Jones Newswires reports that, following the transaction, Metroweb's revised shareholder structure will be as follows: infrastructure fund F2i (61.4%); Milanese municipal utility firm A2A (25.7%); FastWeb (11.1%) and Metroweb management (1.8%).
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OVETEL FastWeb clinches deal to buy 11.1% of Metroweb
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