July 26, 2019 / 12:22 PM / 5 months ago

RPT-Italy's TIM, Vodafone will each have 37.5 stake in tower company-sources

MILAN, July 26 (Reuters) - Italy’s biggest phone group Telecom Italia (TIM) and rival Vodafone agreed a deal to merge their mobile masts infrastructure in Italy, two sources close to the matter said on Friday. Under the agreement, Vodafone and Telecom Italia will each have a 37.5 stake in Milan-listed masts group INWIT, which is currently 60 percent owned by TIM, the sources added.

Reporting by Elvira Pollina and Gianluca Semeraro

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