January 12, 2018 / 10:21 AM / in 9 months

BRIEF-Acea And Open Fiber Set Terms Of Development Of Optic Fiber Network In Rome

Jan 12 (Reuters) - ACEA SPA AND OPEN FIBER SPA IPO-EOF.MI:

* SIGN AGREEMENT ON TERMS OF DEVELOPMENT OF OPTIC FIBER NETWORK IN ROME

* AGREEMENT ENVISAGES EUR 375 MILLION OF INVESTMENTS IN FIVE YEARS

* AGREEMENT ENVISAGES POSSIBILITY OF SETTING UP NEWCO IN 2018 FOR “SMART CITY” SERVICES

* ACEA WOULD OWN MAJORITY STAKE IN NEWCO THAT MAY BE SET UP IN 2018

* ACEA WILL CONTRIBUTE FOR EUR 25 MILLION TO THE FIVE-YEAR INVESTMENTS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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