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Inwit first-half revenues up 3.7% ahead of merger with Vodafone Towers
2019-07-30 08:55:00| Telecompaper Headlines
(Telecompaper) Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported revenues of EUR 195.9 million in the six months to 30 June, up 3.7 percent year on year, ahead of its merger with Vodafone Italia's towers subsidiary to create what will eventually become Italy's biggest tower company. Net profit for the period was down 1.3 percent to EUR 69.2 million, while comparable EBITDA was EUR 112.5 million, up 4.6 percent.
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vodafone
TIM, Vodafone sign Italian towers merger, 5G partnership
2019-07-29 08:48:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) and rival Vodafone Italia have signed an agreement to merge their respective mobile tower infrastructure and to jointly deploy 5G networks in both urban and rural areas throughout Italy. At a presentation in Rome attended by TIM's CEO Luigi Gubitosi and his counterpart at Vodafone, Aldo Bisio, the partners said their boards had examined the commercial feasibility of the MoU announced in February and had agreed to extend their existing passive network sharing agreement with an active mobile network sharing deal that will enable them to more efficiently roll out new 5G technology over a wider geographic area and at a lower cost.
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tim
Last week in telecoms: Vodafone wins on results and towers spin-off
2019-07-29 07:00:00| Telecompaper Headlines
(Telecompaper) It was business as usual in the European telecoms sector, last week. Earning season was well underway, with some mergers news. The Telecompaper Stock Index European Telecoms Services was up 1.2 percent in week 30, just about in step with the EuroStoxx 50 index (+1.3%). Vodafone (+13%), Tele Columbus (+11%) and Iridium (+9.6%) came out the winners. Two data centre shares were among the biggest losers, Digital Realty (-5.3%) and Equinix (-3.5%).
Tags: results
week
wins
vodafone
Vodafone to create European towers company
2019-07-26 09:27:00| Telecompaper Headlines
(Telecompaper) Vodafone announced plans to spin off its tower assets into a new company. The aim is to monetise the assets, either through an IPO or selling a stake to investors, in order to raise money for reducing debt.
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european
vodafone
Vodafone to create Europe's largest Towers company
2019-07-26 02:00:00| Total Telecom industry news
Vodafone is to create a new company to manage its portfolio of 61,700 telecoms towers, which will be operational by May 2020, according to a company statement. TowerCo, as the new company will be known, will take over the management of Europe's largest telecoms tower portfolio of 61…read more on TotalTele.com »
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vodafone
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