Private equity firm, Stirling Square Capital Partners, and A2A are looking for buyers for the owner of a fiber-optic network, Metroweb, Bloomberg reports. Lazard is advising the firms on the auction.

The transaction, which is expected to close by June 2011, is estimated to be worth about €400 million. Phone companies, including FastWeb, Telecom Italia and Vodafone Group, are expected to be the potential bidders.

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