BREAKING NEWS

Italy's INWIT still sees tower deal with Vodafone closing in first half next year

Italy's INWIT still sees tower deal with Vodafone closing in first half next year
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)
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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)

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