Announced
Completed
Financials
Tags
Italy
Single Bidder
telecommunications towers
Acquisition
Telecommunications Equipment
Joint Venture
Public
Merger
Friendly
Majority
Completed
Synopsis
Vodafone, a British multinational telecommunications conglomerate, completed its acquisition of Network Sharing Partnership with Telecom Italia, an Italian telecommunications company and agrees to combine Italian towers with INWIT, an Italian telecom company headquartered in Milan. "This agreement will enable us to step up the rollout of 5G for the benefit of our customers and the community as a whole. 5G has a key role to play in modernising the country. It will provide the technology platform from which to launch innovative new services capable of making business models more efficient and improving productivity throughout the value chain, helping to build a more competitive digital economy. Network sharing reaps the benefits of 5G and at the same time reduces the impact on the environment and lowers rollout costs, allowing more investment in services for customers," Aldo Bisio, Vodafone Italia CEO.
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