March 5, 2020 / 4:25 PM / a month ago

Exclusive: EU to clear with conditions Vodafone, TIM tower deal - sources

FILE PHOTO: Logos of 5G technology and telecommunications company Vodafone in Aldenhoven, Germany, November 27, 2018. REUTERS/Thilo Schmuelgen/File Photo

BRUSSELS/MILAN (Reuters) - EU antitrust regulators will give conditional approval to a plan by Vodafone (VOD.L) and Telecom Italia (TIM) (TLIT.MI) to create Italy’s biggest mobile towers company, sources said on Thursday.

Under the deal announced in July last year, Vodafone will transfer its Italian mobile masts to INWIT (INWT.MI), which is 60% owned by TIM. The companies offered concessions last month to address the European Commission’s concerns.

Reporting by Foo Yun Chee in Brussels and Elvira Pollina in Milan; Editing by Marine Strauss

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