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Retelit inks EUR 52 mln deal to buy Brennercom

Tuesday 18 February 2020 | 09:27 CET | News
Italian telecommunications infrastructure provider Retelit has signed a contract to acquire 100 percent of the shares of Bolzano-based ICT and telecommunications operator Brennercom from the Athesia Group following the preliminary agreement reached last month. Under the terms of the deal, Retelit's wholly-owned subsidiary Retelit Digital Services will acquire the entirety of the investments held by the current two shareholders of Brennercom (Athesia Druck GmbH and Athesia Tyrolia Druck GmbH) for a total of EUR 52 million, a multiple of around 7.5x the projected EBITDA of the northern Italian

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Categories: Fixed
Companies: Brennercom / Retelit
Countries: Italy
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