Vodafone Italy and INWIT announced that they have completed the merger of Vodafone Italy’s towers into INWIT, a TIM subsidiary.
INWIT is now Italy’s largest tower operator and will focus on maximising tower utilisation whilst also supporting the deployment of TIM and Vodafone Italy’s respective 5G networks. INWIT provides its solutions - including a microcell- and DAM (Distributed Antenna System) system for indoor and outdoor coverage – to virtually all operators, acting as a “neutral” host.
The merger will be effective as of 31 March 2020, as will TIM and Vodafone’s service contracts and active 5G sharing agreements.
Following the merger, TIM and Vodafone will each retain a 37.5% stake in INWIT. Vodafone and TIM intend to retain joint control, but over time will consider jointly reducing their respective ownership levels to a minimum of 25.0%.
