Open Fiber

Open Fiber S.p.A.

Open Fiber PTE
Formerly	Enel Open Fiber S.p.A. (2015-2017)
Company type	S.p.A.
Industry	Telecommunications
Predecessor	Metroweb
Founded	December 2015;8 years ago (2015-12)
Founder	Enel
Headquarters	Milan and Rome , Italy
Area served	Italy
Key people	Barbara Marinali (Chairperson) Giuseppe Gola (CEO)
Products	Access network, core network, fiber-optic communications, telecommunications network, FTTH
Revenue	€186 million [1]  (2019)
Net income	€−116.9 million [1]  (2019)
Owners	CDP Equity (60%) Macquarie Asset Management (40%)
Parent	Cassa Depositi e Prestiti Macquarie Group
Website	www.openfiber.it

Open Fiber S.p.A. (formerly Enel Open Fiber S.p.A.) is an Italian wholesale only telecommunications company, 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 (part of the Macquarie Group Limited). ^{[2] [3]}

History

Enel Open Fiber was established in December 2015, as a wholly owned subsidiary of Italian energy company Enel, in order to build an independent fibre-based access network. ^[4]

In July 2016, the company acquired Metroweb from F2i SGR and Cassa Depositi e Prestiti, a private equity fund and a sovereign wealth fund respectively. However, CDP also acquired 50% stake in Open Fiber. ^{[5] [6] [7]}

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. ^[8] 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 optical fiber 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. ^[9]

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. ^{[10] [11]}

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. ^[12] Broadband diffusion can be verified in real time through a geographical search engine and an interactive map. ^[13]

In 2022 Enel sells its 50% share, which is acquired for 40% by Macquarie Asset Management and for 10% by CDP Equity, which reaches a 60% stake in the company. ^[14]

At the end of 2022, the debt reached a record value of 4.6 billion euros. ^[15]

See also

• Cassa Depositi e Prestiti
• CDP Equity
• Enel
• Macquarie Group
• Metroweb

References

Citations

1. "Open fiber, ricavi e redditività in crescita - CorCom". www.corrierecomunicazioni.it (in Italian). Retrieved 2020-11-27.
2. "Note Legali". www.enelopenfiber.it (in Italian). Retrieved 2016-08-09.
3. "Enel Open Fiber, fibra ottica a banda ultralarga in Italia". www.enelopenfiber.it (in Italian). Retrieved 2016-08-09.
4. "PRESENTATO AL CDA ENEL IL PIANO STRATEGICO DI ENEL OPEN FIBER". www.enelopenfiber.it (in Italian). Retrieved 2016-08-09.
5. "OPEN FIBER PERFEZIONA L'ACQUISIZIONE DI METROWEB". www.enelopenfiber.it (in Italian). Retrieved 2016-12-24.
6. "OPEN FIBER: CDA APPROVA FUSIONE METROWEB". www.enelopenfiber.it (in Italian). Retrieved 2017-01-27.
7. "ENEL ACCELERATES ON BROADBAND WITH METROWEB ACQUISITION". www.enel.com.
8. "Banda ultralarga, ecco i dati della consultazione 2015". www.sviluppoeconomico.gov.it (in Italian). Retrieved 2016-07-09.
9. "Intracom Telecom Supplies its Leading FWA Solution to Open Fiber in Italy". www.intracom-telecom.com. Retrieved 2019-09-11.
10. "At what stage are the Infratel penalties on Open Fiber?". March 20, 2023.
11. "Cosa fa Infratel su Open Fiber e non solo".
12. "Open Fiber. Delays everywhere, poor Infratel checks. Meanwhile, each customer has cost the state almost 12,000 euros". March 17, 2023.
13. "When does the fiber arrive? How to check the status of jobs for ultra-broadband".
14. "Enel perfeziona la cessione del 50% del capitale di Open Fiber per circa 2.733 milioni di euro - corporate.enel.it". corporate.enel.it (in Italian). Retrieved 2022-08-15.
15. "Open Fiber. The request for state aid threatens to scuttle the 'national network' project" (in Italian). March 20, 2023.

Sources

• Franco Bernabè (2020). "La concorrenza con Open Fiber e la parabola discendente". In Giuseppe Oddo (ed.). A conti fatti. Quarant'anni di capitalismo italiano (in Italian). Milan: Feltrinelli. ISBN   978-88-07-17374-5.
• Andrea Colucci (March–April 2019). "Open Fiber. Innovazione e infrastrutture tecnologiche: un piano Marshall per la competitività del Paese". Italia Informa (in Italian). No. 2, anno III. Intervista a Elisabetta Ripa, amministratore delegato di Open Fiber. Rome: Gedecom. pp. 42–45. Retrieved 14 July 2020– via italia-informa.com.
• Federica Loffredo (2019). "Il ruolo di Open Fiber nel panorama italiano". Il modello Wholesale Only: la rivoluzione del nuovo codice delle comunicazioni elettroniche (in Italian). Vol. Anno XV, no. 2. Naples: Centro Consulenze Editoriali. pp. 118–122. ISSN   1827-0395.{{cite book}}: |periodical= ignored (help)

External links

• Official website