0
Wireless

Inwit revenues up 8.5% to EUR 103 mln in Q1, EBITDA up 6%

Tuesday 12 May 2020 | 10:20 CET | News
Italian mobile towers group Inwit reported revenues of EUR 103 million in the first quarter of 2020, up 8.5 percent year on year, thanks in part to non-recurring revenues in the form of active contracts that expired prematurely. Net of these items, revenues grew 1.3 percent year on year. Organic earnings before interest, tax, depreciation and amortization (EBITDA) climbed 6.3 percent to EUR 88 million, with the company's EBIT rising 9.6 percent to EUR 56.7 million in the first 3 months of the year, the company's last quarterly report following its merger with Vodafone Italia's towers

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Inwit / Telecom Italia / Vodafone Italia
Countries: Italy
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

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

Published 31 Jul 2020 08:45 CET | Italy
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 ...

Inwit and JMA launch 'XRAN Green Tool' app

Published 28 Jul 2020 10:21 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, has teamed up with longtime ...

Vodafone Italia service revenues fall 6.5% in June quarter, Ho Mobile hits 2 mln clients

Published 24 Jul 2020 09:19 CET | Italy
Vodafone Italia reported organic service revenues down 6.5 percent year on year to EUR 1.12 billion in its fiscal first quarter ...

Inwit issues first EUR 1 bln 6-year bond

Published 02 Jul 2020 08:57 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, announced the successful issue of ...

Telecom Italia poised to sell EUR 1.5 bln Inwit stake to Ardian - report

Published 10 Jun 2020 14:28 CET | Italy
A consortium led by French private equity firm Ardian is close to a deal to acquire a minority stake in Italian mobile towers ...

Suigo named new Inwit communications chief

Published 08 Jun 2020 13:59 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, has announced the appointment of ...

Telecom Italia, UniCredit sign deal to help TIM suppliers

Published 08 Jun 2020 09:30 CET | Italy
Telecom Italia (TIM) has signed an agreement with financial services provider UniCredit to help mitigate the effects of the ...

Inwit to list on Italy's FTSE MIB index on 22 June

Published 04 Jun 2020 09:09 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, announced that its shares will be ...

TIM acquires Milan-based cloud services company Noovle

Published 26 May 2020 08:57 CET | Italy
Telecom Italia (TIM) has accelerated its plan to create a new company for cloud and edge computing services by acquiring 100 ...

TIM, Google sign MoU to build cloud centres for Intesa Sanpaolo

Published 21 May 2020 13:59 CET | Italy
Telecom Italia (TIM) and Google have signed a Memorandum of Understanding with Italian financial services provider Intesa ...

Telecom Italia revenues down 8% in Q1, confirms FY core profit forecast

Published 19 May 2020 08:58 CET | Italy
Telecom Italia (TIM) confirmed its full-year core profit guidance in spite of an 8.4 percent year-on-year decline in ...

TIM, Vodafone sell joint 8.6% stake in towers unit Inwit for EUR 800 mln

Published 23 Apr 2020 08:57 CET | Italy
Telecom Italia (TIM) and Vodafone Italia have sold an 8.6 percent stake in their jointly-owned towers company Inwit for a total ...

Inwit to pay out EUR 127 mln dividend on 2019 results

Published 07 Apr 2020 10:01 CET | Italy
The shareholders of Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) Meeting approved the company's financial ...

Tournon named Inwit chairman, Ferigo new CEO

Published 01 Apr 2020 08:59 CET | Italy
The board of Italian towers company Inwit has announced the appointment of Emanuele Tournon as chairman and Giovanni Ferigo as ...

Vodafone Italia closes merger of towers unit into Inwit

Published 26 Mar 2020 08:56 CET | Italy
Under the terms of the deal reached last summer, Vodafone will receive 360,200,000 ordinary Inwit shares and cash proceeds of EUR ...

Inwit elects new board for merged TIM-Vodafone towers company

Published 23 Mar 2020 08:56 CET | Italy
Telecom Italia (TIM) has announced the appointments of the new board of directors for towers unit Inwit once the merger with ...

EU approves Vodafone, TIM towers deal with conditions

Published 09 Mar 2020 08:58 CET | Italy
The European Union has finally approved a plan by Telecom Italia (TIM) and Vodafone Italia to merge their mobile infrastructure ...

Inwit FY revenues up 4.5% to EUR 395 mln, profit down 1%

Published 06 Mar 2020 09:20 CET | Italy
Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported full-year revenues of EUR 395.4 million in 2019, up ...

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

Published 06 Nov 2019 08:59 CET | Italy
Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported revenues of EUR 283.9 million in the 9 months to 30 ...