Deals
Telecom Italia Is Said to Weigh Selling Mobile-Phone Towers
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Telecom Italia SpA, the phone company whose debt rating is on the brink of junk, is considering a sale of its wireless towers, according to a person with direct knowledge of the matter.
The carrier is weighing the creation of a company for about 12,000 mobile-phone towers before putting it up for sale, said the person, asking not to be named because the discussions are confidential. The assets could be valued at 500 million euros ($676 million) to 1 billion euros, the person said.