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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Infrastrutture Wireless Italiane S.p.A.    INW   IT0005090300

INFRASTRUTTURE WIRELESS ITALIANE S.P.A.

(INW)
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Italy's INWIT still sees tower deal with Vodafone closing in first half next year

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11/05/2019 | 12:56pm EST
FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks on a relay mast operated by Vodafone in Berlin

MILAN (Reuters) - INWIT, the mast group controlled by Telecom Italia, still expects to wrap up a deal with Vodafone to merge their tower infrastructure in Italy in the first part of next year, INWIT's head said on Tuesday.

Last week Telecom Italia, INWIT and Vodafone agreed to postpone by a month to Nov.30 a deadline to get EU antitrust approval for the deal.

"We're engaged in very constructive talks with the European antitrust", INWIT CEO Giovanni Ferigo said on a conference call with analysts.

"I see no reason to change expectations for closing in the first half of 2020," he said.

(Reporting by Elvira Pollina)

Stocks mentioned in the article
ChangeLast1st jan.
INFRASTRUTTURE WIRELESS ITALIANE S.P.A. 0.56% 9.02 End-of-day quote.51.22%
TELECOM ITALIA S.P.A. 0.52% 0.5441 End-of-day quote.12.58%
VODAFONE GROUP PLC -3.11% 154.6 Delayed Quote.1.11%
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Financials (EUR)
Sales 2019 387 M
EBIT 2019 211 M
Net income 2019 139 M
Debt 2019 722 M
Yield 2019 2,35%
P/E ratio 2019 39,0x
P/E ratio 2020 36,0x
EV / Sales2019 15,8x
EV / Sales2020 14,4x
Capitalization 5 410 M
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Technical analysis trends INFRASTRUTTURE WIRELESS IT
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 10,12  €
Last Close Price 9,02  €
Spread / Highest target 24,2%
Spread / Average Target 12,2%
Spread / Lowest Target -7,98%
EPS Revisions
Managers
NameTitle
Giovanni Ferigo Chief Executive Officer & Director
Piergiorgio Peluso Chairman
Elisa Patrizi Head-Technology & Operations
Andrea Balzarini Head-Administration & Finance
Filomena Passeggio Independent Director
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