Infrastrutture Wireless Italiane S.p.A. (INWIT) was established in 2015 as a spin-off of Telecom Italia's tower assets and expanded significantly following a 2020 merger with Vodafone Italia's tower infrastructure. The company manages a nationwide portfolio of around 25,000 macro sites, alongside distributed antenna systems (DAS) and small cells that provide indoor and outdoor coverage in densely populated areas. Operating under a neutral host model, INWIT generates highly predictable cash flows through long-term, inflation-linked tenancy agreements with mobile network operators, broadcasters, and government institutions. Its infrastructure is critical to Italy's ongoing 5G rollout, IoT expansion, and broader digital transformation.
