Enel CEO not keen on Open Fiber stake sale at this stage

  • Reuters
  • Stock Market News
Enel CEO not keen on Open Fiber stake sale at this stage

MILAN, July 29 (Reuters) - The head of Italy's Enel ENEI.MI said on Wednesday he was not particularly interested in selling the utility's stake in fast broadband unit Open Fiber at this stage.

In an analyst call on Enel's first half results, Chief Executive Francesco Starace said the group was still committed to pursuing investments in Open Fiber.

"Of course sooner or later our mission industrially in Open Fiber will be considered complete," Starace said, adding that that could be a time for monetising the stake.

Open Fiber, a wholesale-only fast broadband operator, is jointly owned by Enel and state lender Cassa Depositi e Prestiti.

Enel recently received an expression of interest from U.S. fund Macquarie for all or part of its stake.

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