Telecom Italia sells 10% stake in INWIT to Ardian for €250M, finalizing by year-end.

Telecom Italia has agreed to sell its remaining 10% indirect stake in Italian telecoms tower firm INWIT to Ardian, a French infrastructure fund, for €250 million. Ardian already owned 90% of the vehicle that holds 30% of INWIT. The deal is not part of Telecom Italia's 2024 financial targets and is expected to finalize by year-end.

August 13, 2024
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