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Published by Global Banking & Finance Review®
Posted on March 19, 2026
1 min read
Last updated: March 19, 2026
Joint Venture Details and Industry Impact
Agreement Overview
MILAN, March 19 (Reuters) – Telecom Italia (TIM) and Fastweb, the Italian arm of Swisscom, agreed to jointly build up to 6,000 telecom towers in Italy, the two companies said on Thursday.
Structure of the Joint Venture
The project, set up as a joint venture, will also allow third‑party investors to join at a later stage, the companies said in a statement.
Background and Industry Context
The non-binding deal between TIM and Fastweb, which became Italy’s leading mobile player after the 8 billion euro buyout of Vodafone operations in the country, comes after the two rivals in January agreed to jointly roll out part of their 5G technology to avoid a duplication of investments.
(Reporting by Elvira Pollina, editing by Gianluca Semeraro)