INWIT Investors Prepare Take-Private Bid
Major shareholders in INWIT are arranging bank financing for a potential buyout of minority investors in Italys largest telecom tower company. The move comes amid an ongoing contractual dispute between the firm and its two main customers.
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Lead investors in INWIT are arranging financing for a potential take-private buyout of Italy's largest mobile telecom towers company, two people close to the matter said on Monday morning. The move comes as the infrastructure firm faces a contractual dispute with its primary customers. INWIT's market value had fallen 27% over the past year to $7.1 billion by Friday's close, according to LSEG data.
