Telecom Italia Said Open to Majority Stake Disposal in Inwit

Updated on
  • Holding in tower unit Inwit has market value of $1.8 billion
  • Board meeting scheduled for Friday to discuss tower strategy

Telecom Italia SpA is open to divesting as much as its entire 60 percent stake in Inwit SpA, the mobile-phone tower division that held an initial public offering earlier this year, to help reduce debt and finance acquisitions, according to two people familiar with the matter.

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