Vodafone, TIM Strike Network-Sharing Deal | Light Reading

Iain Morris

Vodafone and Telecom Italia (TIM) have formalized a network-sharing agreement that had been in the works ever since Italy’s costly 5G spectrum auction last year.

The two operators announced late Friday they would pool their combined 22,000 mobile towers in Telecom Italia’s Inwit subsidiary and share the “active” 4G and 5G equipment used at these sites. Each operator will have a 37.5% stake in Inwit and the option of further reducing its stake to just 25% by attracting new investors. Vodafone will receive a payment of €2.14 billion (US$2.4 billion) from Telecom Italia under the arrangement and expects to realize cost savings of €800 million ($890 million) during the next 10 years.

Source: Vodafone, TIM Strike Network-Sharing Deal | Light Reading