Q2 2026 Infrastrutture Wireless Italiane SpA Earnings Call Transcript
Key Points
- Infrastrutture Wireless Italiane SpA (IFSUF) reported a normalized annual revenue growth of over 3% for Q2 2026, despite a reported decline.
- The company successfully deployed 50 new towers in Q2, keeping on track to reach the target of 200 new towers in 2026.
- A growing tenancy ratio was confirmed with the addition of 380 new points of presence (POPs) in the quarter.
- The company maintains a strong operational efficiency with an EBITDA margin of over 90% and a leverage ratio expected to decline to 5.5% by year-end.
- Infrastrutture Wireless Italiane SpA (IFSUF) is actively involved in strategic projects like the Rome 5G Smart City project, enhancing 5G connectivity and digitalization.
- Revenues declined by 1% year-on-year due to the absence of uncommitted revenues linked to discretionary projects.
- The company is facing legal disputes regarding the MSA early termination notices, which are impacting its operations.
- The leverage ratio increased to 5.7% following dividend payments, indicating a high level of debt.
- The Italian telecom sector is experiencing a challenging phase with low returns and minimal investments, affecting overall market conditions.
- Legal and consulting fees related to ongoing disputes are costing the company millions of euros, diverting funds from potential investments.
Good morning. This is the Coruscor conference operator.
Welcome and thank you for joining the INWITH second quarter 2026 results conference call.
As a reminder, all participants are in listen-only mode.
After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone.
At this time, I would like to turn the conference over to Mr. Luigi Minerva, Strategy, M&A and Investor Relations Director of INWIT. Please go ahead, sir.
Thank you, operator. Good morning, everyone, and thank you for joining us.
With me today, I have Diego Galli, INWIT General Manager and Emilia Trudeau, Chief Financial Officer.
Before we begin, please allow me to draw your attention to the safe harbor statements on Page 2.
Following a brief presentation of the second quarter 2026 results
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