EI Towers prepares bid for Telecom Italia 40% Inwit stake
EI Towers, the listed Italian transmission tower group controlled by Mediaset is preparing a bid for Inwit, listed transmission tower division of Telecom Italia, Italian-language daily Il Corriere della Sera reported. The unsourced report said that the sale process is expected to start in November. However, the item said it is possible the sale could be pushed back to mid-December.
The report said that other bidders could include an alliance made up of Cellnex, the telecoms mast group in Spain that is owned by Abertis, and F2i, the Italian infrastructure fund.
As previously reported, bids could also come from American Tower and the Providence private equity fund.
As previously reported, TI is believed to be interested in selling a 40% stake in Inwit, out of the 60% it presently holds. Inwit has a market cap of EUR 2.7bn.
Il Corriere della Sera