Metroweb
Italian telecommunications company
From Wikipedia, the free encyclopedia
Metroweb S.p.A. (formerly Citytel S.r.l.), also known as Metroweb Milano, was a fiber-optic network operator based in Milan, Italy.[3] It was a subsidiary of Metroweb Italia.
 | |
| Formerly | Citytel S.r.l. (1997-1999) |
|---|---|
| Company type | Subsidiary |
| Industry | Telecommunications |
| Founded | December 12, 1997 |
| Founder | AEM |
| Defunct | January 13, 2017 |
| Fate | Merged into Enel Open Fiber |
| Successor | Enel Open Fiber |
| Headquarters | , Italy |
Area served | Italy |
| Products | Fiber-optic communications, FTTH |
| Revenue | € 64,291,000 (2014[1]) |
| € 8,847,000 (2014[2]) | |
| Owner |
|
| Parent | Metroweb Italia |
| Website | www |
Founded in 1997, Metroweb was known for its fiber-optic cabling. Historically, it wired Milan,[4] allowing Fastweb's FTTH services and a wide range of dark fiber to operators and companies of all kinds.[5]
Operators use a GPON network by renting Metrobit "monofiber", a single fiber of the single-mode type that allows full-duplex at gigabit speeds.[6]
History
The company was founded on December 12, 1997 as Citytel by AEM with an investment of 200 million lire to build and manage broadband telecommunications networks.[3]
In 1999 e.Biscom (later Fastweb) acquired 33% of Citytel, which was sold again to AEM in 2003. In the same year the company became Metroweb.[3]
In 2006, the Stirling Square Capital Partners fund and some of the company's managers acquired 76.5% of Metroweb from AEM, paying 232 million euros.[3]
In 2011, the Stirling Square Capital Partners fund and A2A sold their shares (12.5% and 87.5% respectively) of Metroweb to the F2i and IMI Investimenti (Intesa Sanpaolo) for 436 million euros.[3]
Since 2013, the FTTH offer on Metroweb infrastructure was extended to other operators such as Vodafone and Wind.[11][12]
In June 2016, Enel entered into negotiations with CDP Equity and F2i, aiming at a future integration between Enel Open Fiber and Metroweb. The first step was the subscription of Open Fiber's capital increase, which led to the creation of a 50/50 joint venture between Enel and CDP Equity. Subsequently, on December 20, 2016, Enel Open Fiber acquired the entire capital of Metroweb,[7][8] followed by the merger by incorporation of Metroweb into Open Fiber, approved by the Board of Directors on January 13, 2017 and completed in the first quarter of 2017.[9][10]
