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Inwit first-half revenues surge 47% following merger with Vodafone Towers

Friday 31 July 2020 | 08:45 CET | News
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Italian mobile towers group Inwit reported revenues of EUR 287.4 million in the six months to 30 June, up 46.7 percent year on year, following its merger with Vodafone Italia's towers subsidiary to create the country's biggest tower company. The company said revenues mainly derived from the 40,500 hostings on its sites of all the main mobile and FWA operators on the market, up 250 this year alone, as well as the 3,700 small cell/DAS devices and 1,150 fibre connections. Net profit for the period was up 3.5 percent to EUR 71.7 million, while EBITDA was EUR 259.6 million, up 51.1 percent, or

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Categories: Mobile & Wireless
Companies: Inwit
Countries: Italy
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