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Wireless

Telecom Italia picks Deutsche Bank to sell towers - report

Thursday 16 January 2014 | 13:21 CET | News
Telecom Italia has selected Deutsche Bank as adviser in the sale of its mobile phone towers in Italy, reports Il Messaggero citing sources close to the operator. The sale of the 11,000 towers could bring in around EUR 1 billion and the company is looking to complete the operation before the end of 2014. CEO Marco Patuano is due to make the announcement at Telecom Italia's board meeting on 16 January. The sale of mobile phone towers in Italy and Brazil were just two of the cost-cutting measures announced by Telecom Italia at the end of 2013 as part of a wide-ranging plan to bring down its EUR

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Categories: Mobile & Wireless
Companies: Telecom Italia
Countries: Italy
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