Tim yields to the bottom Ardian control of the tower company Inwit. In detail, the agreement provides for a consortium led by Ardian to purchase from Tim 41% of the Daphne 3 holding, which in turn has in its portfolio 30,2% of Inwit.
"Upon completion of the transaction - reads a press release - the consortium led by Ardian will hold a 90% stake in the capital of Daphne 3".
The agreement reached is based on a valuation of the Inwit share equal to 10,75 euros, and corresponds to a collection for Tim of around 1,3 billion euros, in addition to the repayment of the loan of approximately 200 million euros, granted by Tim at the time of the initial 2020 acquisition.
The agreements have been structured in such a way as not to give rise to any takeover obligation.
After the closing, Ardian will hold full and exclusive control of Daphne 3, while Tim will be granted certain minority governance rights, both on Daphne 3 and on Inwit, in order to protect the investment made.
Tim, agreement with Fibercop and Tlc Telecommunications on fibre
FiberCop, infrastructure operator of the Tim Group, and Tlc Telecomunicazioni, telecommunications operator active throughout the country, have signed an agreement which will allow for the development of the FTTH (Fiber to the Home) access market through the participation of TLC Telecomunicazioni in the co-investment project on the FiberCop network.
Under the agreement, TLC Telecomunicazioni will use the secondary fiber optic access network up to FiberCop's homes to develop the FTTH (Fiber to the Home) access market in seven municipalities in Lazio, Puglia and Campania. The municipalities included in the agreement are: Formia, Gaeta, Castellaneta, Bellona, Pietramelara, Sparanise and San Salvatore Telesino.
Tlc towers, Deutsche Telekom also sells
Meanwhile, Deutsche Telekom has also started the sale of its mobile tower business. Reuters reported that the German telco is working with Goldman Sachs as an advisor to sell its 40.600 towers at a price that could be as high as 18 billion euros.
Deutsche Telekom has infrastructure in several European countries, but the towers are almost all in Germany (almost 33.000) and Austria (7.000) and are operated through the subsidiary GD Towers.
