Italy's TIM, Vodafone will each have 37.5 stake in tower company - sources
Reuters
Published Jul 26, 2019 13:34
Italy's TIM, Vodafone will each have 37.5 stake in tower company - sources
MILAN (Reuters) - Italy's biggest phone group Telecom Italia (MI:TLIT) (TIM) and rival Vodafone (LON:VOD) agreed a deal to merge their mobile masts infrastructure in Italy, two sources close to the matter said on Friday.
Under the agreement, Vodafone and Telecom Italia will each have a 37.5 stake in Milan-listed masts group INWIT, which is currently 60 percent owned by TIM, the sources added.
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Written By: Reuters
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