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Telecom Italia – Update

The price range for the IPO of its mobile tower assets is now public

This morning TI announced it had set up a price range of € 3.25  to € 3.9 for the initial public offering of shares in Inwitt, the company that owns and operates its mobile towers in Italy. This operation should therefore generate for TI a substantial cash-flow between € 1.95 bn and € 3.2bn.