EQT Infra to take 60% stake in Italian mobile network company

• Wind Tre is a telecommunications company based in Milan, Italy
• EQT is a global investment organisation that manages €119bn in assets
• The firm is based in Stockholm, Sweden

EQT, via EQT Infrastructure VI fund, has agreed to acquire a 60 percent stake in a newly created Italian mobile network company, which will own and operate Wind Tre’s mobile and fixed network infrastructure. The seller is Wind Tre.

The transaction gives the new company an enterprise value of €3.4 billion.

The company will provide wholesale connectivity services to Wind Tre and other Italian mobile operators.

CK Hutchison, Wind Tre’s current owner, will remain invested in the company alongside EQT Infrastructure and will own a 40 percent stake in the company.

EQT will support in developing the company’s network and service offering, while pursuing additional growth opportunities in areas such as fixed wireless access, IoT and private networks, according to a release.

“We are committed to investing in the continued development of Italy’s digital backbone and leveraging the know-how we have developed in this unique transaction to explore similar partnership opportunities globally,” said Matthias Fackler, partner and head of Europe for EQT infrastructure’s advisory team.

The transaction, subject to customary regulatory approvals, is expected to close in six to nine months.

EQT Infrastructure VI is expected to be 15-20 percent invested based on target fund size with this transaction, the release added.

EQT is a global investment organisation that manages €119 billion in assets. The firm is based in Stockholm, Sweden.

Wind Tre is a telecommunications company based in Milan, Italy.