Telecom Italia Prepares to Scrap Inwit Renewal at Sunday Meeting

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Telecom Italia headquarters in Rozzano, Italy.Telecom Italia SpA is preparing to scrap the renewal of a mobile-phone tower agreement with Inwit SpA that would have extended the contract through 2038, according to people familiar with the matter.Telecom Italia’s board is set to meet Sunday to review the situation, said the people, who asked not to be identified because the discussions are private. No final decision has been taken, and deliberations are ongoing, they said.
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