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Wireless

Ardian completes EUR 1.35 bln acquisition of Inwit stake

Monday 5 October 2020 | 08:51 CET | News
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, announced that French private equity firm Ardian completed the deal announced in June to acquire a major stake in TIM's Inwit holding company. Under the terms of the now finalised agreement, a consortium of institutional investors led by Ardian has acquired a 49 percent stake in Daphne 3, a newly-established holding company controlled by TIM, to which TIM has transferred a 30.2 percent stake of Inwit's share capital.

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Categories: Mobile & Wireless
Companies: Inwit / Telecom Italia / TIM
Countries: Italy
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