Global Infrastructure SherpaEolo Acquires Local ISP 'Airnet' to Expand Coverage
Eolo acquired Airnet, a local internet service provider, to expand its coverage area and customer base in the Lombardy region of Italy. The acquisition will strengthen Eolo's position in the FWA market.
Source Intelligence
EOLO reported revenues of over EUR100 million for full-year 2017, up 33% compared to the previous year. "EOLO reported revenues of over EUR100 million for full-year 2017, up 33% compared to the previous year." EOLO claims more than 300,000 customers on its networks which span 5,900 communities in 14 regions of northern and central Italy. "It claims more than 300,000 customers on its networks which span 5,900 communities in 14 regions of northern and central Italy." EOLO is utilising 28GHz spectrum to deliver its 100Mbps services. "The firm is utilising 28GHz spectrum to deliver its 100Mbps services, and currently offers coverage in nine provinces – some six months after its top-tier EOLOwaveG service was launched."
"Italian fixed-wireless internet provider EOLO says it plans to invest EUR300 million (US$357 million) over the next three years to deploy 100Mbps broadband connections across the country."
"Earlier this year investment firm Searchlight Capital Partners acquired a 49% stake in EOLO from its existing shareholders, CEO and founder Luca Spada and Italian IT services company Gruppo Elmec."
"Earlier this year investment firm Searchlight Capital Partners acquired a 49% stake in EOLO from its existing shareholders, CEO and founder Luca Spada and Italian IT services company Gruppo Elmec."
"Earlier this year investment firm Searchlight Capital Partners acquired a 49% stake in EOLO from its existing shareholders, CEO and founder Luca Spada and Italian IT services company Gruppo Elmec."