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General

Inwit profit down 11% in Q1, to sign Vodafone merger deal this summer

Thursday 16 May 2019 | 08:58 CET | News
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Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported revenues of EUR 94.9 million in the first three months of 2019, down 0.6 percent on the year-earlier result, while net profit for the period came in 11.0 percent lower at EUR 32.3 million, attributed to a one-off charge of EUR 3.9 million booked in the first quarter of 2018. The company's EBITDA was EUR 53.5 million, up 4.2 percent year on year, excluding the one-off charge. According to Reuters, Inwit's CEO Giovanni Ferigo also told analysts that a deal to merge Vodafone Italia's tower infrastructure into Inwit

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Categories: General
Companies: Inwit / Telecom Italia / TIM / Vodafone Italia
Countries: Italy
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