INWIT

Infrastrutture Wireless Italiane S.p.A.
Spa
Traded as BIT: INW
Industry Telecommunication
Headquarters Milan, Italy
Area served
 Italy
Products Transmission equipment for telecommunications and broadcast of television and radio signals.
Owner Telecom Italia
Number of employees
 64
Website http://www.inwit.it/en

Infrastrutture Wireless Italiane S.p.A. ( INWIT ) is an Italian company headquartered in Milan.
It is the tower unit of the Italian phone group Telecom Italia.[1]
From March 2015, the company operates in the wireless network infrastructure sector, and it owns, operates and leases about 11,500 wireless towers in Italy.[2]

History

Established in January 2015, INWIT starts to operate in the sector in March 2015 when the Board of Directors approved the transfer, from Telecom Italia to the new subsidiary, of the Tower branch, which counts approximately 11,500 sites ( called "Towers") and hosts radio transmission equipment for the mobile telephony networks of Telecom Italia itself, and other operators.[3]
Since June 22 INWIT is listed on the Italian Stock Exchange.[4][5]
The company is controlled by Telecom Italia, which holds 60% of the share capital.

Operations

In 2014, pro-forma revenues from INWIT totalled 314 million euros, the EBITDA totalled 135 million euros with a margin of 43.1%, and EBIT totalled 124,53 million euros.[6]
As of July 30, 2015 the company is the first Tower Operator in Italy,[7] and second in Europe [8] for the number of sites managed.
It counts 64 employees.[9]

Competitors

INWIT interacts, in the same market, with Rai Way, EI Towers, which is controlled by Mediaset, and Cellnex ( Abertis Group).[10]

See also

References

  1. ↑ Telecom Italia open to deals over mobile towers group
  2. ↑ Telecom Italia gets OK for towers IPO, values it at €2.34B
  3. ↑ Telecom Italia says will list up to 40% of Inwit
  4. ↑ Inwit debut share prices surge 10.47% on Milan bourse
  5. ↑ RPT-Italy- Factors to watch on June 22
  6. ↑ INWIT
  7. ↑ Telecom Italia's INWIT interested in buying other tower assets
  8. ↑ TowerXchange’s analysis of the independent tower market in Europe
  9. ↑ inwit: Company profile
  10. ↑ European Factors to Watch-Indexes to make flat start to March

External links

This article is issued from Wikipedia - version of the Friday, October 09, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.