Operators Iliad and WindTre reportedly completed a deal to create a joint venture designed to share the cost and management of mobile networks in rural areas of Italy, in a bid to reduce the country’s digital divide.
Italian media source Mondo Mobile Web reported the partnership, which was first mooted last year, [1] has now been finalised, resulting in the creation of a new company dubbed Zefiro Net.
Iliad and WindTre will hold an equal 50-50 stake in the company. The entity will work to offer mobile services, including 5G and ultra-fast broadband in rural areas of the country, covering approximately 26.8 per cent of the Italian population.
During a half year financial results presentation in August last year, Iliad said it had a RAN sharing agreement in place with WindTre to accelerate mobile services in non-densely populated areas.
Meanwhile. the creation of a JV was first reported by Reuters in March last year, with sources claiming the new company would have a valuation of between €600 million and €900 million.
The plan reportedly got approval from Italian regulator Agcom in August.
The duo already also have a national roaming agreement in place.
[1] https://www.mobileworldlive.com/featured-content/top-three/iliad-talks-italian-5g-with-windtre/
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