--The European Commission is set to give conditional approval to a deal between Vodafone Group PLC and Telecom Italia SpA that will result in the creation of Europe's largest mobile towers company, Reuters reports Thursday, citing sources.

--The EC is slated to give its decision on Friday, though declined to comment, the report said, adding both companies also declined to comment.

--Under the terms of the deal, which was announced in last July, Vodafone will sell its Italian tower unit to Infrastrutture Wireless Italiane SpA, which is a subsidiary of Telecom Italia.

 

Full story: https://www.reuters.com/article/us-telecom-it-m-a-vodafone-group-eu-excl/exclusive-vodafone-tim-to-win-conditional-eu-approval-for-tower-deal-sources-idUSKBN20S24T

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

March 05, 2020 14:07 ET (19:07 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Telecom Italia (BIT:TIT)
Graphique Historique de l'Action
De Août 2020 à Sept 2020 Plus de graphiques de la Bourse Telecom Italia
Telecom Italia (BIT:TIT)
Graphique Historique de l'Action
De Sept 2019 à Sept 2020 Plus de graphiques de la Bourse Telecom Italia