Open Fiber, at the start of a new governance with the establishment of the board of directors

The board is chaired by Barbara Marinali, Mario Rossetti, the new CEO

At the start new governance with the establishment of the board of directors following the purchase and sale of the investment held by Enel in Open Fiber, by virtue of which it is directly controlled by Open Fiber holdings, 60% owned by Cdp equity and 40% by Macquarie asset management (Mam).

Following this operation, the Open Fiber assembly met and appointed the new board of directors, consisting of Barbara Marinali (chairman), Mario Rossetti (chief executive officer), Roberta Battaglia, Nathan Luckey, Geoff Shakespeare and Alessandro Tonetti. The Shareholders’ Meeting also appointed the new board of statutory auditors, which is made up of Angelo Colombo (chairman), Eugenio Pinto and Simona Arduini (standing auditors). Shareholders thanked the outgoing board of directors. Open Fiber will appoint the outgoing president, Franco Bassanini, the role of senior advisor.

To cover the new business plan, the board of directors of Open Fiber approved the agreement reached with Banca Santander, Banco Bpm, Bnp Paribas, Crédit Agricole, Ing bank, Intesa, Société général and Unicredit which provides for committed credit lines for 7,175 billion euros. This operation, reads a note, ” represents the largest infrastructural financing in telecommunication networks ever made in EMEA and gives Open Fiber the resources and flexibility necessary to accelerate and complete the ongoing interventions and to further extend its presence on the national territory ”.

In his first meeting, Open Fiber’s new board of directors approved the 2022-2031 business plan, which aims to cover the entire national territory, through the completion of the interventions in the black areas (clusters A and B) and in the white areas (clusters C and D) and the coverage of the gray areas, starting from participation in the tenders that will be issued by the government as part of the NRP.