Day X has arrived for Inwit. In fact, today is the deadline for submitting bids on the Telecom Italia tower company, disputed between Ei Towers (controlled by Mediaset) and the F2i-Cellnex consortium.
A choice will have to be made within the middle of the week: if Telecom's strategy remains the one outlined so far, i.e. selling Inwit to reduce the debt, it will probably go towards the sale to Cellnex-F2i of 45%, compared to the current quota of 60%. Telecom would remain in the minority but would have special rights over the governance of the group.
The offer of Hey Towers on the other hand, it provides that Inwit will purchase a thousand telecommunications towers from the same subsidiary of the Biscione (operation to which the Board of Directors of Telecom has given a favorable opinion). Ei Towers, in turn, would become a partner of Inwit by buying 25% of the company. In this way, Telecom, while falling to 35% of Inwit, would maintain control.
But this is not the only reason to look at the former telecommunications monopolist. The market is called to express itself on the new step forward by Vivendi, which rose to 24,9% of the capital, as well as on developments in the affair Orange: for resident Giuseppe Recchi there is absolutely nothing in sight, but the continuous advances to the Italian company by Stéphane Richard, managing director of Orange, blessed by François Hollande (and favorably registered by Matteo Renzi) have introduced a new element of appeal to the stock, which on Friday marked an increase of 5,5% (but from the beginning of the year there is still a drop of 9%).
Opening today Telecom Italia stock on the Stock Exchange gains 1,15%, to 1,054 euros.
