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Exclusive-Watches of Switzerland held talks over potential takeover offers, sources say

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Exclusive-Watches of Switzerland held talks over potential takeover offers, sources say

Italian Judge Denies INWIT’s Urgent Bid to Halt Telecom Italia Tower Contract Exit

Legal Dispute Over Telecom Tower Lease Agreements

MILAN, July 13 (Reuters) - An Italian judge has rejected a request by Italian telecom tower company Inwit to urgently suspend Telecom Italia's withdrawal from a tower lease agreement, two sources familiar with the matter told Reuters.

Responses from Inwit and TIM

Background: Contract Termination Efforts

INWIT’s Position as Italy’s Largest Tower Operator

Inwit, Italy's largest telecom tower operator, is embroiled in a legal dispute with its two main customers, TIM and Fastweb, both of which have initiated procedures to terminate their respective contracts as part of efforts to renegotiate them on more favourable terms.

Reporting Credits

(Reporting by Elvira Pollina, editing by Cristina Carlevaro)