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Enel to take full control of Wind.
Byline: Heather O'Brian in Milan
Italian state-controlled utility Enel SpA agreed Friday, March 21, to acquire the remaining stake it doesn't already own in Wind SpA for [Euro]1.5 billion ($1.6 billion) in cash and debt to better control the telecom's strategy.
The 26.6% stake in Italy's second-largest telecom group is owned by France Telecom SA's Orange SA mobile unit. France Telecom has been selling off assets as it seeks to pare down its debt, which was [Euro]68 billion as of Dec. 31.
Under CEO Paolo Scaroni's year-long reign, Enel has been concentrating on its core power activities and divesting nonrelated investments such as real estate. …
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- Enel transfers its fibre-optic network to Wind (Enel cede a Wind le fibre...
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News wire article from: Europe Intelligence Wire
February 25, 2004
700+ words
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- ENEL buys Orange's 26.6-pct stake in Wind for 1.33 billion euros.
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News wire article from: Europe Intelligence Wire
March 21, 2003
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- Italy - Enel expects Wind share sale by end 2007.
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News wire article from: Europe Intelligence Wire
June 27, 2005
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- Italy - Enel completes Wind sale, increases Weather stake.
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News wire article from: Europe Intelligence Wire
February 9, 2006
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- Alcatel wins 80 mln eur triple-play order from Enel's Wind.
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News wire article from: Europe Intelligence Wire
October 10, 2006
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