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Wireless

Inwit 9-mth revenues up 3%, Vodafone towers deal to close in H1 2020

Wednesday 6 November 2019 | 08:59 CET | News
Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported revenues of EUR 283.9 million in the 9 months to 30 September, up 2.9 percent year on year, ahead of its merger with Vodafone Italia's towers subsidiary to create what will eventually become Italy's biggest tower company. Net profit for the period was up 2.5 percent to EUR 108.4 million, or 37.1 percent of revenues, while comparable EBITDA based on non-IFRS 16 standards was EUR 167.7 million, up from EUR 163.3 million a year earlier.

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