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BRIEF-Acea And Open Fiber Set Terms Of Development Of Optic Fiber Network In Rome
January 12, 2018 / 10:22 AM / 4 days ago

BRIEF-Acea And Open Fiber Set Terms Of Development Of Optic Fiber Network In Rome

Jan 12 (Reuters) - ACEA SPA AND OPEN FIBER SPA (IPO-EOF.MI):

* SIGN AGREEMENT ON TERMS OF DEVELOPMENT OF OPTIC FIBER NETWORK IN ROME

* AGREEMENT ENVISAGES EUR 375 MILLION OF INVESTMENTS IN FIVE YEARS

    * AGREEMENT ENVISAGES POSSIBILITY OF SETTING UP NEWCO IN 2018 FOR “SMART CITY” SERVICES

    * ACEA WOULD OWN MAJORITY STAKE IN NEWCO THAT MAY BE SET UP IN 2018

    * ACEA WILL CONTRIBUTE FOR EUR 25 MILLION TO THE FIVE-YEAR INVESTMENTS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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