MILAN, Nov 24 (Reuters) - The chief executive of Italian utility Enel ENEI.MI said on Tuesday now might be the right time for the company to exit its investment in broadband operator Open Fiber.
"Probably it is good for us to exit Open Fiber now, we think we can do it if conditions are right", Francesco Starace told reporters during the presentation of Enel's business plan.
Investment firm Macquarie submitted a binding bid for Enel's 50% stake in Open Fiber in September, which values the whole of the broadband group at about 7.3 billion euros ($8.65 billion).
($1 = 0.8440 euros)