INWIT first-quarter earnings fall 2.2%, keeps 2026 guidance

About this update from Infrastrutture Wireless Italiane S.p.a.

Italy's biggest mobile telecoms towers company INWIT MIL:INW on Tuesday reported a decline in first-quarter earnings and reiterated its 2026 revenue guidance.Earnings before interest, taxes, depreciation and amortisation after lease costs fell to 189.9 million euros ($222.7 million) in the quarter, down 2.2% from a year earlier, the company said.A Milan judge on Tuesday asked for more documents before ruling on INWIT's request to stop Fastweb from leaving a key tower lease. The case is one of the legal disputes involving major customers TIM MIL:TIT and Fastweb.INWIT reiterated its 2026 guidance for revenues of 1,050-1,090 million euros and a dividend of at least 0.55 euros per shareNet profit in the quarter slipped 11.1% to 81.0 million euros, while revenue declined 0.8% to 264.1 million euros"The outlook does not take into account potential upsides relating to the re-establishment of a constructive relationship with anchor clients," it saidThe dispute with Fastweb, a unit of Swisscom, threatens leases tied to nearly 40% of INWIT's annual revenue.The company considers "valid and binding" through 2038 both contractsTIM and Fastweb are INWIT's main anchor tenants and account for nearly 85% of its 1-billion-euro revenueBoth operators are seeking to lower their lease costs and launched a JV to build up to 6,000 towers in Italy($1 = 0.8529 euros)

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