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Inwit to bid for 1,000 towers owned by EI Towers - report

Wednesday 9 March 2016 | 14:38 CET | News
Telecom Italia's tower unit Inwit is preparing a non-binding offer for 1,000 towers owned by EI Towers for around EUR 200 million, reports Italian daily Il Messaggero. Inwit could finalise its bid at an 11 March board meeting called to approve its full-year accounts, said the report, adding that EI Towers has in turn emerged as the favourite to win a bidding war for a stake in Inwit. Mediaset-owned EI Towers has improved its offer for a 25 percent stake in Inwit to EUR 5 per share, said the report. Telecom Italia's board is set to meet on 17 March to examine offers for Inwit.

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Categories: Broadcast & Satellite / Mobile & Wireless
Companies: Mediaset / Telecom Italia
Countries: Italy
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