The context of the operation
Tim, one of the main telecommunications operators in Italy, recently concluded an important sale transaction, selling 10% of its stake in the Daphne 3 holding. This holding holds a significant share, equal to 30.8%, of Italian Wireless Infrastructure (Inwit). The agreement, finalized with Ardian through the Impulse I consortium, represents a strategic step for Tim, which aims to optimize its financial structure and reduce debt
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Economic details of the agreement
The valuation of Inwit’s shares was set at 10.43 euros, which implies a collection for Tim of about 250 million euros. This amount is not included in the organic guidance for net debt expected for 2024, suggesting that the transaction could have a positive impact on the company’s liquidity. In addition, the sale took place in compliance with Antitrust and Golden Power regulations, ensuring the legal compliance of the transaction
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Implications for the telecommunications market
This sale marks an important evolution in the Italian telecommunications landscape. With increasing competition in the sector, companies are forced to review their investment and disposal strategies. Tim’s decision to sell part of his stake in Inwit could reflect a desire to concentrate resources on other strategic areas, such as technological innovation and network expansion. In addition, the transaction could influence market dynamics, making Inwit an even more important player in the wireless infrastructure sector
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