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Wireless

Vodafone Italia closes merger of towers unit into Inwit

Thursday 26 March 2020 | 08:56 CET | News
Under the terms of the deal reached last summer, Vodafone will receive 360,200,000 ordinary Inwit shares and cash proceeds of EUR 2.14 billion on 31 March, which the operator will use to reduce net debt. TIM and Vodafone will each retain a 37.5 percent stake in Inwit and intend to retain joint control, but confirmed that over time they will consider jointly reducing their respective ownership levels to a minimum of 25.0 percent.

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