Cellnex Telecom and the Italian fund F2i have tabled an offer for Inwit that could fetch EUR 3bn should they acquire 100% of Telecom Italia’s mobile telecom structures unit, El Economista reported.
F2i Chief Executive Renato Ravanelli has announced today 19 March details of the offer and expressed confidence about Telecom Italia’s response to the offer, the Spanish-language report said.
The consortium seeks to acquire 45% of Inwit, but will have to launch a bid for 100% if the offer is accepted, El Economista noted.
To date, Telecom Italia has said it wishes to maintain a 15% stake of the 60% it holds in its unit.
Ravanelli also said that Cellnex and F2i’s industrial plan anticipates dismantling 2,000 of Italy’s 20,000 mobile telephony towers, the paper added.
El Economista