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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 4 sources · 3 days · First seen · Last updated
INWIT corporate restructuring and take-private efforts
Overview
Major shareholders of INWIT, Italy’s largest mobile telecom tower operator, are exploring a potential take-private deal to delist the company from the stock exchange. The proposed transaction involves Ardian and Oak Holdings 1, with Abu Dhabi-based sovereign investor Mubadala expected to acquire a stake. Discussions regarding financing and the potential cost of delisting, estimated at approximately 1.7 billion euros, are ongoing.
This potential buyout occurs as INWIT navigates significant operational challenges, including contract disputes with major clients Telecom Italia (TIM) and Fastweb, which have contributed to a decline in market capitalization.
In a separate strategic development, INWIT and WINDTRE are nearing an agreement to convert roughly 20 network sites into data centers across Italy. This joint venture would transform existing real estate into digital infrastructure hubs, providing WINDTRE with liquidity and reduced maintenance costs.
Entities
Timeline
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[BUSINESS] 2 sourcesInwit and WINDTRE negotiate data center conversion and potential delisting
Inwit and WINDTRE are negotiating to convert 20 network sites into data centers, while Inwit's major shareholders consider a potential take-private deal to delist the company.
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[BUSINESS] 2 sourcesINWIT investors explore €6.3bn take-private deal
Investors led by Ardian and Oak Holdings 1 are arranging financing for a potential take-private of Italian telecom tower operator INWIT amid contract disputes with major customers.
Sources
businesspeople.it · privateequitywire.co.uk · srnnews.com · telefoniatech.it