Wind Tre, agreement for the purchase of Opnet’s (formerly Linkem) 5G network

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The former Linkem network passes to Wind Tre. The operation, anticipated in the Sole 24 Ore last January 5th, has reached the signing stage, which as explained in a press release from Opnet (the former Linkem, in fact) «will be carried out through the purchase by Wind Tre of 100% of a company in the which Opnet will transfer the relevant business unit, with the exclusion of Tessellis SpA (the former Tiscali of which Opnet is a 59.26% shareholder, ed) and other companies controlled or participated by Opnet”.

The operation, «subject to government and regulatory approvals – continues the note – will see the implementation of all preparatory actions for finalizing the closing in the coming months. During this period the two companies will continue to develop the
respective businesses operating in full and absolute autonomy, in total compliance with the competition rules”.

The network and the frequencies, precious for 5G, within Opnet will expand Wind Tre’s frequency allocation, with a strong 20 MHz in the 3.6-3.8 GHz band and 200 MHz in the 26.5 millimetric band. -27.5 GHz which represented the payment of 516.7 million euros paid by Wind Tre following the auction for 5G frequencies in October 2018 which brought in 6.55 billion euros to the State.

An acquisition that «is part of Wind Tre’s strategy aimed at optimizing and developing the network infrastructure also as an enabling factor for the country’s digital transformation», as reported in an internal note from the telephone company led by Gianluca Corti and Benoit Hanssen.

However, the operation comes at a particular time, for the sector as well as for the telephone company 100% controlled by Ck Hutchison. On the deal with the Swedish fund Eqt relating to the unbundling of the Wind Tre network, there are clouds that lead us to believe that in the end it will not be possible to respect the closing date of 12 February (see Il Sole 24 Ore of 3 January) ending in a stalemate.

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