Telecom Italia to list tower unit Inwit before summer – CEO

Monday 23 February 2015 | 11:12 CET | News
Telecom Italia has started working on a plan to list a stake in its domestic mobile towers business before the summer, according to CEO Marco Patuano. Speaking at the presentation of Telecom Italia's 2015-2017 strategy plan, Patuano confirmed that the company had approved the transfer of 11,500 mobile phone towers to a company called Inwit and that "in a few days" it would begin to submit documents to market regulator Consob in preparation for the IPO. Telecom Italia would keep a majority stake in Inwit after the listing, said Patuano. According to an earlier report in Corriere della Sera,

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