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Telecom Italia confirms IPO of 40% of tower unit Inwit

2015-05-21 08:46:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has announced its intention to sell 40 percent of its tower unit Inwit on the Milan stock exchange. The company added in a statement that it was still waiting for Italian market regulator Consob and the Italian stock exchange to approve the operation but that Banca IMI, Deutsche Bank and Mediobanca have been appointed joint global coordinators. Inwit (Infrastrutture Wireless Italiane) owns, operates and leases a total of 11,500 mobile phone towers for Telecom Italia and other mobile telecoms operators.

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Category:Telecommunications

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