Inwit Shareholders Approve Merger With Vodafone's Italian Towers, Extraordinary Dividend
December 19 2019 - 1:08PM
Dow Jones News
By Cristina Roca
Telecom Italia SpA's (TIT.MI) Infrastrutture Wireless Italiane
SpA (INW.MI), or Inwit, said Thursday that its shareholders have
approved the company's merger with Vodafone Group PLC (VOD.LN)'s
Italian tower unit.
Inwit said its shareholders approved the distribution of an
extraordinary dividend of 0.5936 euros ($0.66) per ordinary share,
as well as the appointment of Piergiorgio Peluso and Carlo Nardello
as non-executive directors through the end of 2020.
Mr. Peluso was also appointed chairman of the company without
executive powers by the company's board of directors, which met
after the shareholders' meeting, Inwit said.
The shareholders of Vodafone Towers, Vodafone's Italian tower
unit, also approved the merger Thursday, Inwit said.
The U.K's Vodafone and Italy's Telecom Italia announced the
deal, which gives Vodafone's Italian towers an implied enterprise
value of EUR5.27 billion, in July this year.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
December 19, 2019 12:53 ET (17:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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