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Investing.com -- Fastweb and Vodafone announced Wednesday they have filed notice to terminate their Master Service Agreement with Inwit (BIT:INWIT), with the agreement set to formally end in March 2028.
The companies have also initiated legal action to assert their right to terminate the MSA, following Inwit’s public statements that the agreement remains valid until August 2038.
The decision to terminate reflects what Fastweb and Vodafone described as above market level tower costs and a refusal to engage in formal negotiations.
The companies plan to begin discussions with Inwit to establish a migration plan ensuring operational continuity through and beyond March 2028, which will involve agreements with third-party passive infrastructure providers and initiatives with Fastweb and Vodafone participation.
Fastweb and Vodafone stated the termination will enable them to progressively redirect financial resources toward developing new infrastructure, improving network quality and coverage, and accelerating 5G deployment.
The companies asserted that Inwit’s above market prices reduce their ability to make investments necessary to maintain high quality mobile networks and support Italy’s digitalisation.
The development follows events from last week and marks the beginning of what may be an extended legal dispute between the tower company and its tenants. Inwit shares are trading at €6.89.
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