Swisscom sees five year timeline for INWIT tower exit
Swisscom says migrating from tower operator INWIT may take five years. The firm also reported a fall in quarterly revenue while integrating Vodafone Italia.
SWISSCOM AG-REG expects a five-year migration to exit its Italian tower contract as first-quarter revenue in Italy fell 4.5%. The dispute centers on Fastweb's attempt to leave INWIT for a new network arrangement with Telecom Italia. Legal friction with INWIT could delay the 300 million euro synergy target for the Vodafone Italia integration.
### The Five-Year Tower Transition CEO Christoph Aeschlimann told investors on Thursday that moving away from INWIT infrastructure will take approximately five years. INWIT claims the current contract remains valid until 2038 and threatened legal action in March.
