European Commission Gives Conditional Approval to Inwit-Vodafone Tower Unit Merger
By Mauro Orru
The European Commission granted conditional approval to the
merger between Telecom Italia SpA's Infrastrutture Wireless
Italiane SpA and Vodafone Group PLC's Italian tower unit, the
commission said in a statement on Friday.
The two companies reached a deal in July 2019 in a move that is
expected to facilitate the deployment of 5G at lower costs across a
wide geographical area in Italy.
"Fast roll-out of 5G technology in Italy will benefit Italian
consumers and businesses. Today we approve the creation of a joint
venture between two mobile operators who are planning to combine
their telecommunication towers to jointly achieve this objective,
without compromising retail and wholesale competition," said
Margrethe Vestager, executive vice-president in charge of
Conditional approval comes after Telecom Italia and Vodafone
agreed to a package of remedies to address competition
Inwit agreed to provide free space on 4,000 towers in Italian
municipalities with more than 35,000 inhabitants where third
parties could install, operate, maintain and use their equipment,
the European Commission said.
Write to Mauro Orru at email@example.com
(END) Dow Jones Newswires
March 06, 2020 12:09 ET (17:09 GMT)
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