03 December 2024

INWIT has completed the purchase from Boldyn Networks of a majority stake (52.08%) in Smart City Roma, formerly called Boldyn Networks Smart City Roma. INWIT has an option to acquire the remaining shares in Smart City Roma which may be exercised after the project testing, scheduled for July 2029.

Smart City Roma was set up as a joint venture between Boldyn Networks and Roma Capitale, the city’s administrative authority and provider of public services. Under the project, Smart City Roma will build wholesale 5G infrastructure delivering connectivity in all the main hubs of the Italian capital, including metro lines, squares and streets. The project also envisages improving public safety and providing smart services to residents and tourists. There is a 25-year concession for the construction, management, operation and maintenance of infrastructure available to all mobile operators. Some of the investment in the infrastructure will come from the public sector.

INWIT said that the acquisition is in line with its 2024-2026 business plan and strategy to make neutral host investments to support the network development plans of mobile operators in response to the growing demand for digital services and integrated digital infrastructure, outdoors and indoors, and in smart city projects.