International buyers jostle for Telecom Italia towers

27 Jan 2014

A number of Italian and international infrastructure investors, including F2i, EI Towers, Abertis Telecom, Antin Infrastructure Partners and American Tower Corp (ATC), are said to be in the running for the 9,000-10,000 Telecom Italia Mobile (TIM) cell towers that are likely to be sold off in June this year. According to TMT Finance, bids are likely to start at around EUR1 billion (USD1.4 billion), making the sale the largest of its kind in Europe to date. Deutsche Bank is advising Telecom Italia (TI) on the sale, which the Milan-based firm is hoping to conclude by 4Q14.