TIM to announce towers deal, 5G partnership with Vodafone on July 26: source

MILAN (Reuters) – Italy’s greatest telephone group Telecom Italia is about to announce on Friday a deal with rival Vodafone to merge their tower infrastructure and collectively deploy fifth technology cell expertise in Italy, a source shut to the matter mentioned.

The source mentioned a rare board assembly of Telecom Italia (TIM) had been known as for July 26 to approve the deal.

The tower infrastructure merger will give TIM and Vodafone equal share-holdings and governance rights in INWIT, the mast group 60 % owned by Telecom Italia, with out both group having to launch a young provide on INWIT’s remaining shares.

Reporting by Elvira Pollina, enhancing by Silvia Aloisi

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