It is a particularly interesting time when it comes to the business networks. The rumor that Tim would be willing to renounce the majority of Fibercop to determine a true rush on the stock exchange. The ex-Sip grew by 3.86% yesterday, with over 278 million shares traded, a value higher than both the previous session and the weekly average.
The trend was further amplified today, when it was said that Luigi Gubitosi it would have met the American fund Kkr, which already holds 37.5% of Fibercop, per increase its participation. At the moment, official Tim sources note that there is no type of external entry into Fibercop.
Maybe, but in the meantime the title records a further surge and, as we write, closes at Piazza Affari al 4.76%. There Reuters also recorded the denial of Vivendi, which said through a spokesperson not aware of Kkr’s interest in Tim’s network. At this moment, then, is it a question of speculative movements or a real certainty that something is about to happen?
What is certain is that Gubitosi will have to present himself on 11 November with precise ideas on how to improve accounts that have disappointed the expectations of shareholders, Vivendi in the head that with its 24% wants to make the investment profitable. On the sidelines of this story, it should be noted that Timvision will migrate to the Vivendi platform. This is not just a trivial technological “upgrade”, but rather an increase in synergies between the French holding and the former Sip.
But, it was said, it is the network that has come back to the fore in an overwhelming way. The proof is that Enel, as the agency always reports Reuters, you are preparing to take over control of the operator Ufinet, which manages over 75,000 km of network between the United States and Latin America. Enel is ready to put up to 2.1 billion euros to take over the remaining 79% of the company which is currently in the hands of the Cinven private equity fund.
The certainty that in the new normal connectivity will remain increasingly central is a fact, so much so that all countries are putting heavy investments on the plate. And Enel has declared its intention to replicate the model adopted with Open Fiber also in other countries of the world, although we still have to understand how. The CEO of the electric giant, Francesco Starace, had already stated that just Macquarie, which has already acquired part of Enel’s stake in Open Fiber, it could be a synergistic partner for Ufinet.
It would therefore be a financial transaction in which up to 49% of the company that manages the networks would be sold to the Australian fund, monetizing the investment. Enel has until the end of the year to exercise the option before losing the right.
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