IHS Towers, a telecommunications infrastructure provider, agreed to acquire a 51% stake in FiberCo, a telecommunications services company, from Telecom Italia, a provider of phone landline and mobile services, for £135m. In the agreement, TIM will sell 51% of FiberCo's share capital in favor of IHS, and the remaining 49% will remain under the company's control. The relationship between the partners will be governed by a shareholders' agreement to be entered into upon closing of the transaction.