By Andres Gonzalez and Stephen Jewkes
MADRID (Reuters) – Europe’s biggest utility Enel is preparing to take full control of fibre optic network operator Ufinet by exercising an option to buy the 79% owned by private equity firm Cinven, three sources with knowledge of the matter said.
The sources cautioned a final decision on how the deal could be structured had not been taken.
Enel, which already owns 21% of the South American broadband operator, could pay up to 2.1 billion euros ($2.4 billion) for the majority stake it does not already own, the sources said.
Enel and Cinven declined to comment.
Broadband networks are attracting interest from investors as customers use ever …
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