W IND Telecomunicazioni announce s completion of the sale of majority

[eXtasy]

http://www.windgroup.it/fileadmin/reports/investors_news/2015/en/Wind_tower_sale_closing.pdf

W
IND
Telecomunicazioni announce
s
completion of the sale of majority
stake of its
tower subsidiary
to
Cellnex Telecom (
Abertis Telecom
)
Rome
, Italy
-
March 2
6, 2015
WIND
Telecomunicazioni S.p.A. (“WIND”)
announce
s
the successful completion of
the sale of 90%
of the shares of
its
fully owned subsidiary
Galata S.p.
A
. (
“Galata”
)
to
Cellnex
Telecom
(“
Cellnex
”)
,
formerly
named
Abertis Telecom Terrestre SAU
,
and the receipt of
a total
cash
consideration of
693
million euro
.
WIND
has
enter
ed
into a Tower Services Agreement for an initial term of 15 years with Galata for
the provision of a broad range of services on the contributed sites and site
s
that will be
su
bsequently built by Galata hosting WIND equipment.
Galata is a tower business consisting of 7,377 towers together with the relevant functions,
employees and related contracts, of which Cellnex
own
s
90% of the share capital while
WIND
retain
s
a 10%
stake
.
-
END
-