May
22
Telecom Italia Said to Boost Tower IPO to Up to $1.1 Billion
ByTelecom Italia SpA plans to raise as much as 960 million euros ($1.1 billion) from an initial public offering of its wireless-tower unit, boosting the target after advisers increased their valuation estimates, people familiar with the matter said.
The unit, called Inwit, is worth 2 billion euros to 2.4 billion euros, according to the advisers’ latest and final assessment, the people said. They asked not to be identified because the review was sent only to investors and isn’t yet public…
Telecom Italia Said to Boost Tower IPO to Up to $1.1 Billion
