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Wireless

Inwit grows organic revenues another 3% to EUR 190 mln in Q1

Friday 14 May 2021 | 09:56 CET | News
Italian mobile towers group Inwit said its revenues climbed to EUR 190.2 million in the first quarter of 2021, up 84.8 percent year on year on a reported basis, following its merger with Vodafone Italia's towers subsidiary in March 2020. On an organic basis, revenue growth came in at 3.4 percent, up from 1.9 percent year on year due to around 1,200 new hostings on its own sites in the quarter and 400 new indoor DAS systems. This growth, together with greater efficiency in rental costs, led to an 8.3 percent expansion of the EBITDAaL margin on organic terms and a reported EBIT rise of 47.8

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