UPDATE 2-TIM and Vodafone sell stake in Italian mobile towers unit to cut debt
Telecom Italia (TIM)
and Vodafone have completed the sale of an 8.6% combined
stake in Italy’s biggest mobile towers company INWIT
as part of efforts to cut debt, the companies said.
The placement of shares in the business in which Vodafone and
TIM merged their mobile towers infrastructure was announced late
on Wednesday, catching analysts by surprise after TIM’s chief
executive said last month that the two groups had been in talks
with funds over a planned sale of a
and Vodafone have completed the sale of an 8.6% combined
stake in Italy’s biggest mobile towers company INWIT
as part of efforts to cut debt, the companies said.
The placement of shares in the business in which Vodafone and
TIM merged their mobile towers infrastructure was announced late
on Wednesday, catching analysts by surprise after TIM’s chief
executive said last month that the two groups had been in talks
with funds over a planned sale of a
Posted by Reuters
