From the beginning of December to today, the shares of Retelit – the Italian operator of data and infrastructure services for the telecommunications market – have recovered over 30%, reaching pre-crisis levels. There are many factors that led to the boom in the stock market. Above all, the persistent rumors of an operation that could give life to a new telecommunications operator after Telecom Italia and Vodafone, with a potential market value of more than half a billion euros. To play a leading role could be 2i Fibers, a company specializing in telecommunications and controlled 80% by F2i and 20% by the European fund Marguerite.
The redevelopment and restructuring plan, which began in 2015, is also beginning to bear fruit in terms of profits and margins: Retelit (which today boasts its own optical fiber covering over 10 km) would have entered the radar of some international investors in the sector.
The good performance in Piazza Affari shows how the market is betting on the possible reorganization of the company. The reshuffling, also at the share level, could take hold even before the shareholders' meeting scheduled for next April 27, at the end of which the 2017 financial statements will be approved and the new board of directors will be appointed.
The scenario is still very uncertain, but the fact that expectations around Retelit are growing is also demonstrated by the recent entry by the German investment fund axxion, which at the end of December held 5,678% of the share capital. Participation could also have a strategic value in view of the meeting at the end of April.
