After several months of the secretive Project Skylon, Vodafone has announced plans for the carve-out and monetisation of its 61,700 towers. By May 2020 Vodafone will have separated its towers into as yet unnamed entity referred to as “TowerCo”, with a dedicated management team and control of its assets, with Vodafone becoming its anchor tenant. Meanwhile, in Italy, Vodafone announced a €2.1bn deal to combine its towers with TIM’s towerco INWIT. TowerXchange takes a deeper look at the deal.
The announcement
Details of Vodafone’s plans to carve out approximately 61,700 towers were announced on the 26th July, swiftly followed by news that their 11,000 Italian towers would be combined with TIMs towerco, INWIT, leaving a balance of 50,700 towers.
