Enel could spend up to 2.25 billion euros to buy Latam fiber group

Enel agreed a deal on Monday that could see it spend more than 2 billion euros ($2.3 billion) to buy Latin American fiber company Ufinet International, as the Italian company looks to advance its ultrafast broadband ambitions. Europe's biggest utility said its Enel X unit would buy a 21 percent stake in Ufinet for 150 million euros ($175 million) with an option to buy the rest from owner Cinven for 1.32-2.1 billion euros. "This deal further strengthens our position as a leading infrastructure operator in the region," Enel CEO Francesco Starace said in a statement.