Sprint debut for stock exchange title Inwit. On the first day of listing, the company that manages Telecom Italia's transmission towers gained 9,75% in the mid-morning, at 4,006 euros, against the 3,65 euros of the placement price.
Among the relevant shareholders of the company there is also the fund of the University of Harvard, which – according to what has been learned – at the end of the sale offer would have 2,6% of the capital in its portfolio. Another 3% of Inwit belongs to the Threadneedle fund, also a shareholder of Ei Towers.
“We look ahead to a couple of years where there could be a path to consolidation of the sector and Inwit has the characteristics to participate Oscar said Cicchetti, CEO of the company –. We are satisfied we had a solid history, the fact that it was appreciated by the market made us happy. There are the biggest names in world finance, the biggest is under 2%”.
To those who asked him about the consolidation of the towers sector in Italy, the CEO of Inwit then specified: "We don't believe there are many synergies between broadcasting and telecommunications towers but we still make towers".
Finally, as regards the dividend, “we have not announced a policy – Cicchetti recalled –, the Board of Directors will decide it. For the moment we have only said that we have little debt”.
Raffaele Jerusalmi, CEO of Borsa Italiana, said that Inwit "is the seventh company by capitalization and the ninth by funding".
