TIM, Vodafone agree merger of mobile masts, 5G partnership in Italy

MILAN/ROME: Italy's biggest phone group Telecom Italia and rival Vodafone agreed on Friday to merge their mobile tower infrastructure and to jointly roll out 5G in Italy.

Both companies could reduce their stake in the merged entity to 25per cent as the venture will be open to others. The deal is subject to approval by Italy's antitrust regulator and INWIT's minority investors at a shareholder meeting likely to be held in December.

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