INWIT ‘promoted’ by the Stock Exchange enters the benchmark Ftse Mib index
INWIT continues to grow and joins Borsa Italiana’s benchmark index.
INWIT continues to grow and joins Borsa Italiana’s benchmark index
The Italian stock exchange has approved INWIT stock, so on Monday 22 June it will become part of the FTSE MIB, Piazza Affari’s benchmark index of the 40-most traded Italian stocks with the highest market capitalization.
Our company joined the index, housed in Milan, exactly 5 years ago on June 22, 2015, at a starting price of 3.436 euros. Since then, the stock has increased constantly, growing more than 169% over the starting price.
Today, INWIT stock is traded at a price fluctuating above 9 euros and is currently capitalized at close to 8.8 billion euros.
This important milestone is a sign of INWIT’s growing role in the nation’s industrial landscape. During these years of hard work, we’ve contributed to developing a network that meets wireless connectivity infrastructure needs, thereby accelerating innovation in Italy.
INWIT’s addition to the FTSE MIB index is also fruit of its incorporation with Vodafone Towers. Ranking second in Europe, with over 22,000 towers throughout Italy, it is the nation’s main wireless telecom infrastructure operator.
This ‘promotion’ to Borsa Italiana’s benchmark index further inspires us to follow the path we began years ago. We’ll continue to dedicate all our resources to bringing Italy the connectivity of the future.
In a world where digital communications are taking on a more essential role every day, we’re ready to support the development of 5G and other new wireless technologies.
“INWIT’s entry to the main index of Borsa Italia,” remarked the Chief Executive Officer of the Company, Giovanni Ferigo, “marks important recognition of the solidity and potential of the enterprise created from the incorporation of Vodafone Towers. INWIT is now the main wireless telecommunications infrastructure operator in Italy and has the know-how and resources to best support the growth of the sector and of the country, expanding the volume of its activities also thanks to innovative businesses. We are certain that the company will be able to meet the expectations of the shareholders and all its stakeholders.”