Telecom Italia Secures Funding for Mobile Tower Merger -Reuters
July 02 2019 - 10:10AM
Dow Jones News
--Telecom Italia SpA (TIT.MI) has secured funding of up to 2.5
billion euros ($2.83 billion) from a group of banks to help its
Inwit unit merge its towers with those of Vodafone Group PLC
(VOD.LN), Reuters reports, citing people familiar with the
matter.
--The Italian telecoms operator--which owns 60% of Inwit--and
Vodafone agreed in February to look into combining their 22,000
telecoms towers in Italy into a single unit, Reuters says, adding
that the two companies are expected to approve a tower merger in
August.
Full story: https://reut.rs/328d8sn
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(END) Dow Jones Newswires
July 02, 2019 09:55 ET (13:55 GMT)
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