An Ardian-led consortium of institutional investors, including French insurance group Crédit Agricole Assurances, has made an indirect investment in INWIT (Infrastrutture Wireless Italiane), a key player in the Italian telecom industry.
In accordance with a share purchase agreement signed with TIM on April 14, the consortium acquired 41-percent stake in Daphne 3, a holding company that holds a 30.2-percent stake in INWIT.
The consortium now holds a 90-percent stake in Daphne 3, with full and exclusive control of the company, while TIM retains certain minority rights.
The companies said they are committed to supporting INWIT’s ambition to decarbonize digital infrastructures and digitalize Europe.
“Our continuous support to one of the European Towerco champions INWIT is fully aligned with Ardian Infrastructure strategy: INWIT is committed to playing an essential role in the Italian economy digitalization while setting an ambitious decarbonization net-z