0
Wireless

TIM, Vodafone sell joint 8.6% stake in towers unit Inwit for EUR 800 mln

Thursday 23 April 2020 | 08:57 CET | News
Telecom Italia (TIM) and Vodafone Italia have sold an 8.6 percent stake in their jointly-owned towers company Inwit for a total of around EUR 800 million with a view to reducing debt. In separate statements, TIM and Vodafone each confirmed that they successfully completed the sale of 41.7 million shares of Inwit, equal to around 4.3 percent of the share capital, at a price of EUR 9.60 per share, resulting in gross proceeds to each company of around EUR 400 million.

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: Inwit / Telecom Italia / TIM / Vodafone Italia
Countries: Italy
::: add a comment
This article is part of dossier

5G


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

Telecom Italia service revenues fall 8% in Q2, EBITDA margin improves on cost control

Published 05 Aug 2020 09:09 CET | Italy
Telecom Italia saw its decline in revenues accelerate to 10.1 percent on an organic basis in the second quarter of 2020, to EUR ...

Vodafone names towers company Vantage, plans IPO in Frankfurt in early 2021

Published 24 Jul 2020 09:38 CET | Europe
Vodafone Group has presented the name Vantage Towers for its infrastructure company. With over 68,000 sites across nine markets ...

Vodafone Italia service revenues fall 6.5% in June quarter, Ho Mobile hits 2 mln clients

Published 24 Jul 2020 09:19 CET | Italy
Vodafone Italia reported organic service revenues down 6.5 percent year on year to EUR 1.12 billion in its fiscal first quarter ...

Inwit issues first EUR 1 bln 6-year bond

Published 02 Jul 2020 08:57 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, announced the successful issue of ...

TIM sells Inwit stakes to Ardian and Canson for EUR 1.6 bln

Published 25 Jun 2020 08:59 CET | Italy
Telecom Italia (TIM) has announced the sale of direct and indirect stakes in mobile towers group Inwit to a consortium led by ...

Telecom Italia poised to sell EUR 1.5 bln Inwit stake to Ardian - report

Published 10 Jun 2020 14:28 CET | Italy
A consortium led by French private equity firm Ardian is close to a deal to acquire a minority stake in Italian mobile towers ...

Suigo named new Inwit communications chief

Published 08 Jun 2020 13:59 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, has announced the appointment of ...

Inwit to list on Italy's FTSE MIB index on 22 June

Published 04 Jun 2020 09:09 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, announced that its shares will be ...

Inwit revenues up 8.5% to EUR 103 mln in Q1, EBITDA up 6%

Published 12 May 2020 10:20 CET | Italy
Italian mobile towers group Inwit reported revenues of EUR 103 million in the first quarter of 2020, up 8.5 percent year on year, ...

Vodafone Italia service revenues down 4% in March quarter, Ho Mobile up to 1.8 mln clients

Published 12 May 2020 09:27 CET | Italy
Vodafone Italia reported organic service revenues down 3.7 percent year on year to EUR 1.19 billion in its fourth quarter to ...

Vodafone Italia set to launch FWA offer from EUR 25 a month

Published 08 May 2020 08:58 CET | Italy
Vodafone Italia is preparing to launch a new offer using Fixed Wireless Access (FWA) technology aimed at customers unable to ...

Nieuwsoverzicht week 17: speculeren op hervatten economisch leven, Zuid-Europese telco's zwaar getroffen

Published 28 Apr 2020 11:08 CET | World
Het coronavirus beheerst aanhoudend de maatschappij, de economie en de beurzen. Terwijl de verspreiding van het virus minder snel ...

TIM offering clients fully unlimited 5G plan for EUR 25/mth

Published 28 Apr 2020 08:52 CET | Italy
Telecom Italia (TIM) has begun contacting existing customers to offer them a plan with all you can eat data at up to 5G speeds ...

TIM offering 50GB bonus data for EUR 2 a month

Published 27 Apr 2020 08:49 CET | Italy
Telecom Italia (TIM) has begun offering selected existing customers a new bonus data bundle called '50 Giga White' with 50GB of ...

TIM opens pre-orders for new iPhone SE, available form EUR 15/mth

Published 23 Apr 2020 14:48 CET | Italy
Telecom Italia (TIM) has announced that it will be offering the new Apple iPhone SE 2020 smartphone in combination with a variety ...

Vodafone Italia, Microsoft ink 3-year digital transformation deal

Published 23 Apr 2020 11:01 CET | Italy
The Vodafone Business unit of Vodafone Italia has signed a 3-year agreement with Microsoft to provide joint smart working ...

Inwit to pay out EUR 127 mln dividend on 2019 results

Published 07 Apr 2020 10:01 CET | Italy
The shareholders of Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) Meeting approved the company's financial ...

Tournon named Inwit chairman, Ferigo new CEO

Published 01 Apr 2020 08:59 CET | Italy
The board of Italian towers company Inwit has announced the appointment of Emanuele Tournon as chairman and Giovanni Ferigo as ...

Vodafone Italia closes merger of towers unit into Inwit

Published 26 Mar 2020 08:56 CET | Italy
Under the terms of the deal reached last summer, Vodafone will receive 360,200,000 ordinary Inwit shares and cash proceeds of EUR ...

Inwit elects new board for merged TIM-Vodafone towers company

Published 23 Mar 2020 08:56 CET | Italy
Telecom Italia (TIM) has announced the appointments of the new board of directors for towers unit Inwit once the merger with ...

EU approves Vodafone, TIM towers deal with conditions

Published 09 Mar 2020 08:58 CET | Italy
The European Union has finally approved a plan by Telecom Italia (TIM) and Vodafone Italia to merge their mobile infrastructure ...

Inwit FY revenues up 4.5% to EUR 395 mln, profit down 1%

Published 06 Mar 2020 09:20 CET | Italy
Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported full-year revenues of EUR 395.4 million in 2019, up ...

TIM, Vodafone sign Italian towers merger, 5G partnership

Published 29 Jul 2019 08:48 CET | Italy
Telecom Italia (TIM) and rival Vodafone Italia have signed an agreement to merge their respective mobile tower infrastructure and ...





Calendar   /   Industry Events

10 Aug Ceva Q2
10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Gogo Q2 2020
10 Aug Sohu Q2 2020
11 Aug Lumentum fiscal Q4
11 Aug Zoom Telephonics Q2 2020
11 Aug NTT fiscal Q1
11 Aug Rakuten Group Q2
11 Aug Radcom Q2 2020
11 Aug Viavi fiscal Q4
12 Aug Tecnotree H1 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug China Unicom Q2 2020
13 Aug iQiyi Q2 2020
13 Aug 1&1 Drillisch Q2 2020
13 Aug Teleste Q2 2020
13 Aug RTL Group Q2 2020
13 Aug China Mobile H1 2020
13 Aug Teleste Q2 2020
13 Aug United Internet H1 2020
13 Aug Singtel fiscal Q1
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
14 Aug TDC Q2 results
::: More Calendar Items