Open Fiber S.p.A. (formerly Enel Open Fiber S.p.A.) is an Italian

wholesale Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In ...

only

telecommunications company A telephone company, also known as a telco, telephone service provider, or telecommunications operator, is a kind of communications service provider (CSP), more precisely a telecommunications service provider (TSP), that provides telecommunicat ...

, owned 60% by CDP Equity S.p.A. (part of the Cassa Depositi e Prestiti S.p.A. group) and 40% by

Macquarie Asset Management Macquarie Group Limited () is an Australian global financial services group. Headquartered and listed in Australia (), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's t ...

(part of the Macquarie Group Limited).

History

Enel Open Fiber was established in December 2015, as a

wholly owned subsidiary A subsidiary, subsidiary company or daughter company is a company (law), company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company ...

of Italian

energy company The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy indust ...

Enel Enel S.p.A. is an Italian Multinational corporation, multinational manufacturer and distributor of electricity and gas. Enel, which originally stood for Ente nazionale per l'energia elettrica (National Electricity Board), was first established ...

, in order to build an independent

fibre Fiber or fibre (from la, fibra, links=no) is a natural or artificial substance that is significantly longer than it is wide. Fibers are often used in the manufacture of other materials. The strongest engineering materials often incorporate ...

-based access network. In July 2016, the

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...

acquired

Metroweb Metroweb S.p.A. is a fiber-optic network operator based in Milan, Italy. In 2011 it was acquired by F2i Metropolis, a sub-holding company for F2i First Fund (via F2i Reti TLC) and Intesa Sanpaolo (via IMI Investimenti). The current owner of the ...

from

F2i SGR Fondi Italiani per le Infrastrutture SGR S.p.A. or, in short form, F2i SGR S.p.A., is Italy's largest independent infrastructure fund manager, with assets under management of approximately €5 billion. It currently manages three funds: F2i Secon ...

and Cassa Depositi e Prestiti, a

private equity fund A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity ...

and a sovereign wealth fund respectively. However, CDP also acquired 50% stake in Open Fiber. The company operates in the so-called "market success" clusters A and B as resolved by the Council of Ministers of the Italian Republic on 4 March 2015, ie 282 municipalities in large urban areas by 2022. The areas chosen for the project are a subset of the 642 municipalities categorized as clusters A and B by the

Government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

. Open Fiber, estimating a cost corresponding to less than half of that proposed by the competition, won all fourteen lots envisaged in the three calls for the "ultra-broadband plan" launched by Infratel Italia for the construction of the network in clusters C and D ie "white areas" with low population density. The plan provides for the implementation of

FTTH Fiber to the ''x'' (FTTX; also spelled "fibre") or fiber in the loop is a generic term for any broadband network architecture using optical fiber to provide all or part of the local loop used for last mile telecommunications. As fiber op ...

optical fiber An optical fiber, or optical fibre in Commonwealth English, is a flexible, transparent fiber made by drawing glass (silica) or plastic to a diameter slightly thicker than that of a human hair. Optical fibers are used most often as a means to ...

with speeds up to 1 Gbit/s for urban areas and agglomerations of housing units, while preparing FWA radio links for rural or impervious areas and scattered houses. In March 2020 Open Fiber had accrued penalties for late deliveries of the works amounting to 286,871,750 euros. Their value abundantly exceeded 10% of the amount of the works, a critical threshold which, according to the concession, gave the grantor the right to terminate the contract. As of February 2023, optical fiber was carried out to 128,518 customers for a declared total cost for the Italian State of 1,471,810,248 euro (11,452 euro for each person). The service is available solely in 2,463,374 immobiliar units in respect of the 6,411,150 that had been planned for June 2023. Broadband diffusion can be verified in real time through a geographical search engine and an interactive map. In 2022 Enel sells its 50% share, which is acquired for 40% by

and for 10% by CDP Equity, which reaches a 60% stake in the company. At the end of 2022, the debt reached a record value of 4.6 billion euros.

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External links

* Enel Italian companies established in 2015 Telecommunications companies established in 2015 Companies based in Milan Telecommunications companies of Italy {{Italy-company-stub

History

See also

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