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Wireless

Telecom Italia seeks final Inwit offers by mid-March

Wednesday 20 January 2016 | 13:48 CET | News
Telecom Italia has received non-binding offers from Cellnex-F2i, Ei Towers and American Tower for a stake in its tower unit Inwit, with EI Towers offering the highest price per share, reports Il Sole 24 Ore. The amount offered by Mediaset-controlled EI Towers was some 10 percent more than Cellnex's bid, said the report. However, the offer by Spain's Cellnex Telecom offers the best synergies following its EUR 693 million acquisition of 7,377 towers from Italian operator Wind last year. Telecom Italia has now asked the bidders to submit binding offers for the 40-45 percent stake by mid-March.

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Categories: Mobile & Wireless
Companies: American Tower / Inwit / Mediaset / Telecom Italia / Wind
Countries: Italy
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