Italian fixed and wireless operator Wind Tre, which is owned by CK Hutchison of Hong Kong, is considering selling off its network of mobile towers. Bloomberg reports that a formal sale process could begin by the end of this year, with the towers valued at up to USD1 billion. Options under consideration include a full divestment of the assets or the sale of a minority stake, an unnamed source said. The cellco had 14,704 base transceiver stations (BTS) in operation at the end of June 2018.
The report suggests that CK Hutchison is looking to cut debt after it took full control of Wind Tre earlier this year when it bought the 50% stake previously held by VEON for EUR2.45 billion (USD2.8 billion). Wind Tre also spent over EUR500 million in the recent 5G auction in Italy; although this was considerably below what was paid by rivals TIM, Vodafone and Iliad, Wind Tre walked away with a much smaller allocation of 5G frequencies, missing out completely on 700MHz spectrum.