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Wireless

Inwit board approves Vodafone towers merger, to pay special dividend

Tuesday 19 November 2019 | 08:52 CET | News
Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) announced that its board approved the plan its mobile infrastructure with that of Vodafone Italia and that it intends to pay a special dividend once the transaction is completed. Earlier this year TIM and Vodafone announced that they had agreed to merge their Italian mobile infrastructure under the Inwit unit that is 60 percent-owned by Telecom Italia as well as jointly rolling out 5G networks. The deal is awaiting European Union antitrust approval but is expected to close in the first half of 2020, said Inwit's CEO Giovanni

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