Jefferies: European Tower Company Faces Difficult Friday

LootboxPhobia · 2026-03-20T23:11:27+00:00

Jefferies notes that European tower companies face pressure in Italy due to the joint venture between Fastweb and TIM, with Inwit lowering guidance. Additionally, Fraport released strong financial results and raised free cash flow expectations. Next week, Jefferies will host multiple mid-cap companies, and Safestore's annual shareholder meeting will disclose joint venture information.

LootboxPhobia

2026-03-20 23:11:27

Abstract generation in progress

Investing.com – According to Jefferies, European tower companies faced pressure on Friday after Fastweb and TIM announced a joint venture to develop sites in Italy.

Inwit (BIT:INWIT) was directly affected by the announcement, immediately lowering its guidance and noting increased conflicts among its main tenants.

In other sectors, Fraport (ETR:FRA) released a strong fiscal 2025 report and visitor activity at Terminal 3, with new guidance providing visibility for free cash flow and dividends.

Next week, Jefferies will host a mid-cap conference with Skanska (ST:SKAb), Balfour Beatty (LON:BDEV), Porr, Fraport, Hochtief (ETR:HOTG), and Ferrovial (BME:FER).

Safestore (LON:SAFE)’s annual shareholders’ meeting is scheduled for Wednesday, where detailed information about the joint venture is expected to be disclosed.

This article was translated with AI assistance. For more information, see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes