Infrastrutture Wireless Italiane S.p.A. operates in the sector of infrastructure for electronic communications. The Company focuses on the constructions of radio transmission infrastructure (towers, trellises and poles), telecommunications and distribution of television and radio signals.
TIM has successfully concluded an agreement with Ardian, through its consortium Impulse I, for the sale of its remaining 10% stake in Daphne 3. This holding company owns 30.8% of Infrastrutture Wireless Italiane (INWIT).
The deal, announced on August 13, values INWIT shares at 10.43 euros. After accounting for Daphne 3's net debt, TIM is expected to receive around 250 million euros from this transaction. Notably, this amount is not included in TIM's organic net debt guidance for 2024.
The completion of the transaction adhered to Antitrust and Golden Power regulations, ensuring compliance with necessary legal frameworks.
We tailor your onboarding experience to match what you're looking for. Tell us more about yourself and your team to help us out.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
By using this website, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
