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TIM unit shareholders approve merger with Vodafone Italian towers unit

Thu, 19th Dec 2019 14:45

ROZZANO, Italy, Dec 19 (Reuters) - Shareholders of Telecom
Italia's (TIM) mast unit INWIT approved a planned
merger with Vodafone's Italian mobile tower company at an
extraordinary meeting on Thursday, INWIT's chairman Piergiorgio
Peluso said.

The 10 billion euro merger deal is awaiting European Union
antitrust approval and is expected to wrap up in the first few
months of 2020.

After the merger, TIM and Vodafone will
have 37.5% each of the new bigger INWIT.
(Reporting by Elvira Pollina, editing by Gianluca Semeraro)

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