(Finance) – Inwita company listed on Euronext Milan and active in the electronic telecommunications infrastructure sector, has formalized an agreement which provides for a right of option to purchase an exclusive controlling interest of 51% of the capital of Boldyn Networks Smart City Rome, which won the tender for the concession of the Rome 5G project. Closing is expected during the third quarter of 2024.
The agreement includes a further right of option (call) in favor of Inwit for the purchase of the remaining share package and a right of sale (put). The options for the additional 49% can be exercised after the project has been tested.
The agreement fits into the business plan 2024-2026 of Inwit and is consistent with the strategy it envisages investments from a “neutral host” perspective to support the network plans of telecommunications operators, aimed at enabling the growing demand for integrated macro-grid and micro-grid, outdoor and indoor digital infrastructures, in particular in significant smart city projects.
The Rome 5G project represents a public-private partnershipwith a concession lasting 25 years for the construction, management, operation and maintenance of an infrastructure that equips the subways and the main public places of Rome Capital with a 5G, Wi-Fi and Internet of Things network, also in view of the Jubilee 2025. Overall, the Project envisages investments in infrastructure of over 90 million euros over the next 5 years, part of which will come from the public sector.