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

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...

headquartered Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top ...

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...

, which operates in the

wireless network A wireless network is a computer network that uses wireless data connections between network nodes. Wireless networking is a method by which homes, telecommunications networks and business installations avoid the costly process of introducing c ...

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 priv ...

sector. With over 11 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, or DAS, is a network of spatially separated antenna nodes connected to a common source via a transport medium that provides wireless service within a geographic area or structure. DAS antenna elevations are general ...

(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 of the "Tower" branch of

Telecom Italia Gruppo TIM, legally TIM S.p.A. (formerly Telecom Italia S.p.A.), also known as the TIM Group in English, is an Italian telecommunications company with headquarters in Rome, Milan, and Naples, (with the Telecom Italia Tower) which provides fixe ...

. From 22 June 2015 INWIT is listed on the

Milan Stock Exchange Borsa Italiana, based in Milan, is the Italian stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.italy24.ils ...

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 The F ...

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 investment ...

, 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 Vodafone Group Public limited company, plc () is a British Multinational corporation, multinational Telephone company, telecommunications company. Its registered office and Headquarters, global headquarters are in Newbury, Berkshire, England. It ...

, the merger 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 goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...

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 , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, stat ...

is €215.4 million, up 12.2% compared to the previous year. The 2018

EBIT EBIT, Ebit or ebit may refer to: *EBIT, or Earnings before interest and taxes, in finance *EBIT, or Electron beam ion trap, in physics *An ebit (quantum state), a two-party quantum state with quantum entanglement Quantum entanglement is the ph ...

amounted to 200.3 million euros with an increase of 11.7% compared to the previous year.

Net Profit In business and 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, interest, 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, EI Towers, which is controlled by

Mediaset Mediaset Italia S.p.A., also known as Mediaset, is an Italian-based mass media company which is the largest commercial broadcaster in the country. The company is controlled by the holding company MFE - MediaForEurope. Founded in 1987 by former ...

, and

Cellnex Cellnex Telecom is a Spanish wireless telecommunications infrastructure and services company with up to 53,000 sites throughout Europe. Its activity is divided into four main areas: services for telecommunications infrastructures; audiovisual br ...

( Abertis Group).European Factors to Watch-Indexes to make flat start to March
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References

External links

* {{FTSE MIB companies Telecommunications companies of Italy Companies based in Milan Italian brands Italian companies established in 2015 Telecommunications companies established in 2015 Telecom Italia