Infrastrutture Wireless Italiane S.p.A. or, in short form, INWIT S.p.A., is an

Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, a Romance ethnic group related to or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance languag ...

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

headquartered Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

, which operates in the

wireless network A wireless network is a computer network that uses wireless data connections between network nodes. Wireless networking allows homes, telecommunications networks, and business installations to avoid the costly process of introducing cables int ...

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...

sector. With over eleven thousand towers, INWIT is currently Italy's major Tower Operator providing, as Neutral Host, widespread coverage throughout the country, hosting the transmission equipment for all main national operators. In addition to hosting telco operators on its towers, INWIT is in the process of setting up a

Distributed Antenna System A distributed antenna system (DAS) is a network of spatially separated Antenna (radio), antenna nodes connected to a common source via a transport medium that provides wireless service within a geographic area or structure. DAS antenna elevati ...

(DAS) network that will guarantee excellent coverage in densely populated urban areas like some of Italy's historic centres and other public areas, as well as in large enclosed areas such as stadiums, railway stations, concert areas, historic villages, museums, hotels.

History

INWIT was founded on January 14, 2015, and has been operational since April 1, 2015 following the

spin-off Spin-off, Spin Off, Spin-Off, or Spinoff may refer to: Entertainment and media *Spinoff (media), a media work derived from an existing work *''The Spinoff'', a New Zealand current affairs magazine * ''Spin Off'' (Canadian game show), a 2013 Canad ...

of the "Tower" branch of

Telecom Italia TIM S.p.A. (formerly Telecom Italia S.p.A.) is an Italian telecommunications company with headquarters in Rome, Milan, and Naples (with the Telecom Italia Tower), which provides fixed, public and mobile telephony, and DSL data services. It is ...

. From 22 June 2015 INWIT is listed on the

Milan Stock Exchange Borsa Italiana () or Borsa di Milano (), based in Milan at Mezzanotte Palace, is the Italian stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervi ...

in the

FTSE Italia Mid Cap The FTSE Italia Mid Cap is a stock market index for the Borsa Italiana, the main stock exchange of Italy. It is one of the indices in the FTSE Italia Index Series. Components The index consists of listings See also * FTSE MIB References ...

index. During the

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

, the company raised €875.3 million, with a capitalization of around €2.2 billion. Currently the company has achieved a market capitalization of over €5.5 billion. On March 31, 2020, thanks to an agreement with

Vodafone Group Vodafone Group Public Limited Company () is a British multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and ...

, the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

of Vodafone Towers Italia into INWIT was completed.

Operations

In 2018 INWIT confirmed the trend of progressive increase in turnover.

Revenue In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some compan ...

at 31 December 2018 amounted to €378.5 million, up 6.1% compared to the previous year.

EBITDA A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandat ...

is €215.4 million, up 12.2% compared to the previous year. The 2018 EBIT amounted to 200.3 million euros with an increase of 11.7% compared to the previous year.

Net profit In business and Accountancy, accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and Amortization (a ...

amounts to 140.8 million euros, up 11.1% compared to the 2017 figure.

Competitors

INWIT interacts, in the same market, with

Rai Way Rai Way is an Italian listed company that owns the broadcasting infrastructure of state-owned RAI TV station. Its shares are traded into the FTSE Italia Mid Cap Index. In 2015, EI Towers launched a hostile takeover bid for €1.2 billion; h ...

, EI Towers, which is controlled by

Mediaset Mediaset S.p.A. is an Italian mass media and television production and distribution company that is the largest commercial broadcaster in the country. The company is controlled by the holding company MFE – MediaForEurope (the original ...

, and Cellnex ( Abertis Group).

Logos

File:INWIT logo (2015-2020).png, 2015-2020 File:INWIT logo (2020-present).svg, 2020-present

References

External links

* {{Authority control Telecommunications companies of Italy Companies based in Milan Companies in the FTSE MIB Italian brands Italian companies established in 2015 Telecommunications companies established in 2015 TIM Group Vodafone