Telecom Italia to choose between rival bids for Inwit stake in first week of May
Telecom Italia (TI) will hold a board of directors meeting in the first week of May to pick a winning bidder for a stake in Inwit, the listed Italian transmission tower group, the Italian language Carlo Festa blog reported. The report cited unspecified rumours saying that it will have to choose between a bid for a 45% stake in Inwit from a consortium made up of Cellnex and F2i an an offer from EI Towers for a stake just under 30%.
The report said that the Cellnex/F2i offer is priced at EUR 4.9 a share and the EI Towers offer at EUR 5 a share.
Inwit has a market cap of EUR 2.61bn.
Carlo Festa Blog