The Eqt fund buys the Wind network, a 3.4 billion operation – Corriere.it

Stockholm-based investment firm EQT has signed an agreement to acquire a stake of 60% in a newly established entity that will own and operate Wind Tre’s mobile and fixed network infrastructure. Wind Tre’s current owner, CK Hutchison, will remain an investor alongside EQT Infrastructure and will own a 40% stake in the company.

The transaction takes place on an enterprise value basis of 3.4 billion euros. Throughout Europe – underlines a note from EQT – the need for solid and reliable digital infrastructures is growing, driven by the increase in mobile data traffic, the densification of 5G cell towers, the IoT and new technologies. The Italian mobile network will need investments and greater extension in the next few years to satisfy this growing demand.

Following the spin-off from the Italian telecommunications operator Wind Trethe company will control and operate the country’s largest mobile network and a portfolio of assets, including radio masts, base stations, carrier network and associated contracts. The company will be the first independent access network in Europe primarily focused on mobile telephony and dedicated to the provision of wholesale services to mobile operators through its state-of-the-art network, which at the end of 2022 already covered around 67% of Italy with reception 5G.