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Question: Stefano Gamberini - Equita SIM S.p.A., Research Division - Analyst
: Just a few questions regarding M&A deals. So you have something on the table and could we expect some small acquisitions in the forthcoming
quarters or M&A is postponed next year? And the second, regarding the buyback, EUR 300 million are now available with the spread over the
18-month period for which you received the authorization? Or could you try to concentrate this purchase as early as second half '23?
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MAY 09, 2023 / 4:00PM, INWT.MI - Q1 2023 Infrastrutture Wireless Italiane SpA Earnings Call
Diego Galli
With regards to the M&A, yes, let me say there are small M&As, which we are working on. we hope we are exploring, we are scouting to identify
opportunities for small acquisition of assets, again, to keep on increasing our perimeter. So this is clearly a more focus area, not in main or as visible
as today.
With regards to the, let me say, yes, the big M&A and as we discussed in the past, clearly, at this stage, still not a priority considering that we -- the
market prices are still high. We still have -- we have a situation of high financing costs. So we monitor, but I wouldn't say it's a priority for us now.
With regard to the buyback, actually, we have been waiting for the green light from the Security Authority, Italian Security Authority from Console
as soon as the green light will be received and we do expect in a few weeks. Clearly, we will disclose the way the plan will be set up. For now, to
your point, we are thinking about a more spread approach across the 18 months.
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