0
Wireless

Telecom Italia targeting EUR 960 mln from Inwit IPO - report

Monday 25 May 2015 | 11:31 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Telecom Italia is looking to raise as much as EUR 960 million from the forthcoming sale of a 40 percent stake in its tower unit Inwit on the Milan stock exchange. The target figure has increased from EUR 730 million after advisers raised their valuation estimates of the unit from EUR 2 billion to EUR 2.4 billion, according to unnamed sources cited by Bloomberg. The final IPO price range would be set in June, added the sources. Inwit (Infrastrutture Wireless Italiane) owns, operates and leases a total of 11,500 mobile phone towers for Telecom Italia and other mobile telecoms operators.

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: Telecom Italia
Countries: Italy
::: add a comment

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 IPO price range narrowed to EUR 3.50-3.65 - report

Published 17 Jun 2015 09:24 CET | Italy
The price range for the IPO of Telecom Italia's tower unit INWIT has been narrowed to EUR 3.50-3.65 per share, according to two ...

Telecom Italia to use Inwit funds for broadband expansion

Published 08 Jun 2015 15:46 CET | Italy
Telecom Italia will use the revenues raised from the sale of a 40 percent stake in its tower unit Inwit to fund its mobile and ...

Telecom Italia's Inwit sale approved by market regulator

Published 05 Jun 2015 09:04 CET | Italy
Italian market regulator Consob has approved Telecom Italia's sale of a 40 percent stake in its tower unit Inwit on the Milan ...

Banks to begin gathering Inwit IPO orders next week - report

Published 03 Jun 2015 10:45 CET | Italy
The banks acting as joint global coordinators for the IPO of Telecom Italia's tower unit Inwit will start collecting orders for ...

Telecom Italia offers free home insurance to loyal clients

Published 26 May 2015 14:20 CET | Italy
Telecom Italia has joined forces with BNP Paribas Cardif to offer its long-term customers free home insurance for a year. From 01 ...

Telecom Italia to double 4G, fibre clients by year end - CEO

Published 26 May 2015 10:56 CET | Italy
Telecom Italia wants to double its 4G and fibre-optic customer base by the end of the year, according to the company's CEO Marco ...

Telecom Italia confirms IPO of 40% of tower unit Inwit

Published 21 May 2015 08:46 CET | Italy
Telecom Italia has announced its intention to sell 40 percent of its tower unit Inwit on the Milan stock exchange. The company ...

Profumo named Inwit chairman, Cichetti CEO

Published 19 May 2015 10:34 CET | Italy
Telecom Italia's tower unit Inwit has appointed Francesco Profumo as its new chairman at its first board meeting, which also saw ...

Telecom Italia chairman denies Inwit-RaiWay contacts

Published 07 May 2015 10:38 CET | Italy
Telecom Italia's chairman Giuseppe Recchi has denied rumours of contacts between the operator's tower unit Inwit and rival tower ...

Telecom Italia tower unit worth up to EUR 1.8 bln - report

Published 17 Apr 2015 09:29 CET | Italy
Telecom Italia has begun the process to list 40 percent of its tower unit Inwit on the Milan stock exchange, reports business ...

Telecom Italia to sell 40% of Inwit by June - report

Published 08 Apr 2015 11:32 CET | Italy
Telecom Italia is putting the final touches to a plan called the 'Eiffel project' to sell 40 percent of its tower unit Inwit on ...

Telecom Italia formally transfers 11,500 towers to Inwit

Published 30 Mar 2015 08:56 CET | Italy
Telecom Italia has announced that it has begun the process to formally transfer 11,500 of its mobile phone towers to its newly ...

Abertis eyeing up Telecom Italia towers - report

Published 20 Mar 2015 13:49 CET | Italy
Just a few weeks after agreeing to purchase the tower asset of Italian operator Wind, Spanish infrastructure company Abertis is ...





Calendar   /   Industry Events

26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
27 Oct Telefonica Brasil Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Telecoms World Asia 2020
28 Oct Cognizant Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Ribbon Communications Q3
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
::: More Calendar Items