ROME, Feb 6 (Reuters) - INWIT, the tower unit of
Telecom Italia said on Thursday it would call a
shareholder meeting on March 20 to appoint the board of the new
company that will be created after a merger with Vodafone's
mobile tower business in Italy.
Telecom Italia (TIM) and Vodafone agreed in July to fold
their Italian mobile tower assets into TIM mast unit INWIT to
cut debt and free up cash for the roll-out of next generation 5G
networks, keeping joint control of the new entity.
The 10 billion euro ($11 billion) tie-up is under the
scrutiny of the European antitrust authority.
A source close to the matter said the decision was a signal
that the review of the deal was moving ahead without any
hitches.
($1 = 0.9113 euros)
(Reporting by Elvira Pollina, writing by Giulia Segreti)