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Wireless

TIM intending to sell stake in Vodafone joint towers venture - CEO

Friday 15 November 2019 | 09:56 CET | News
Telecom Italia (TIM) intends to sell a stake in the mobile tower infrastructure venture it is setting up with Vodafone to infrastructure funds, according to TIM CEO Luigi Gubitosi. "We would like to sell a stake to infrastructure funds," said the chief executive at the Morgan Stanley European Technology Media and Telecoms conference in Barcelona, according to Reuters. He added that favourable bond markets mean "there is a large pool of investment moving to alternative investment, so infrastructure funds have plenty of money to deploy."

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Categories: Mobile & Wireless
Companies: Inwit / Telecom Italia / TIM / Vodafone Italia
Countries: Italy
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