INWIT, Italy’s largest tower company, has announced robust financial results for 2024, alongside an ambitious €1.5 billion investment plan for 2025-2030, aimed at solidifying its leadership in digital infrastructure. The company reported a 7.9% increase in consolidated revenues to €1.036 billion, with EBITDAaL rising 9.4% to €750.3 million, driven by over 900 new towers and 3,700 new traditional and non-traditional tenancies.
The 2025-2030 business plan focuses on three key growth drivers: expanding its tower portfolio, enhancing smart infrastructure, and increasing land ownership. INWIT plans to deploy 3,500 new towers by 2030, targeting a tenancy ratio of 2.6 tenants per site. The company will also invest in Distributed Antenna Systems (DAS), IoT, and small cells, with smart infrastructure expected to contribute over 12% of revenues by 2030.
The key drivers of this roll-out plan will be Master Service Agreement sites with TIM and Fastweb+Vodafone and the Italia 5G–NRRP plan. From 2027 onwards, INWIT's focus will shift to developing sites to meet densification needs, driven by the increasing demand for data. By 2030 INWIT aims to reach 2.6 tenants per site, serving MNO, FWA and IoT customers.
Another part of its plan includes a land acquisition strategy, aiming to increase owned land to over 30% by 2030, reducing lease costs and boosting EBITDAaL margins to 78%. Additionally, INWIT is launching a €100 million solar energy self-consumption project, leveraging its tower portfolio to generate renewable energy.
Shareholders will benefit from a proposed ordinary dividend of €0.5156 per share, a 7.5% increase from 2023, and a special dividend of €0.2147 per share in November 2025. The company also announced a €400 million share buyback program, reflecting its strong cash flow generation and commitment to shareholder returns.
INWIT’s CEO, Diego Galli, highlighted the company’s resilience and growth trajectory, stating, “INWIT reaffirms its leadership, its capacity to invest in infrastructure to drive the development and efficiency of the industry with a 1.5 billion euros plan, and its focus on resilient growth, further diversifying revenue streams and extending land buyout.”
With its focus on digital infrastructure, sustainability, and shareholder value, INWIT is well-positioned to lead Italy’s transition to 5G and beyond.
