Telecom Italia Scraps Plan to Renew Inwit Tower Contract
A television communications tower inside the headquarters of Telecom Italia SpA in Rozzano, Italy.
Photographer: Camilla Cerea/BloombergTelecom Italia SpA said it won’t renew a mobile-phone tower agreement with Inwit SpA that would have extended the contract through 2038.
The phone operator’s board met on Sunday and decided it won’t extend the current contract once it expires in August 2030, the company said in a statement on Sunday. The decision leaves Telecom Italia without a new long-term tower arrangement.