Italy's INWIT still sees tower deal with Vodafone closing in first half next year
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By Reuters
FILE PHOTO: Telecom Italia's logo for the TIM brand is seen on a building in Milan, Italy, May 20, 2016. REUTERS/Stefano Rellandini
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Stefano Rellandini(Reuters)
MILAN (Reuters) – INWIT, the mast group controlled by Telecom Italia <TLIT.MI>, still expects to wrap up a deal with Vodafone <VOD.L> to merge their tower infrastructure in Italy in the first part of next year, INWIT’s head said on Tuesday.
Last week Telecom Italia, INWIT and Vodafone agreed to postpone by a month to Nov.30 a deadline to get EU antitrust approval for the deal.
“We’re engaged in very constructive talks with the European antitrust”, INWITCEO Giovanni Ferigo said on a conference call with analysts.
“I see no reason to change expectations for closing in the first half of 2020,” he said.
(Reporting by Elvira Pollina)
