Fitch keeps Inwit on negative watch: Inwit stock gains 2.93 percent

Published on 10/06/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fitch maintained Inwit's BBB- rating on negative watch on September 28, 2026. Inwit stock costs EUR 6.67 versus EUR 6.48, plus 2.93 percent.

Schwarzweiß-Reportagefoto von Technikern beim Klettern an einem Sendemast — Infrastrutture Wireless Italiane S.p.A. (IT0005090300) sichert Netzinfrastruktur, hier Techniker beim Klettern am Sendemast, Schwarzweiß-Reportage, Illustration mit AI erstellt.

Inwit (ISIN IT0005090300) was trading at EUR 6.67 at Lang & Schwarz on October 6, 2026 at 12:32 p.m. CEST, up 2.93 percent versus the prior close of EUR 6.48. On September 28, 2026, Fitch Ratings maintained Infrastrutture Wireless Italiane's BBB- issuer rating on Rating Watch Negative.

Contract exposure drives rating risk

Fitch said Inwit's two anchor customers represented 88.00 percent of 2025 revenue and had submitted cancellation notices for their master service agreements. Fastweb is targeting contract termination in March 2028, while Telecom Italia is targeting August 2030, according to Fitch Ratings.

The rating agency said Inwit expects a final post-appeal decision on an injunction by November 2026. Fitch also cited Inwit's target net leverage of 5.00 to 6.00 times, with 5.50 times expected at the end of 2026.

Second-quarter revenue edges higher

In the second quarter of 2026, Inwit reported revenue of EUR 266.98 million, compared with EUR 264.12 million in the first quarter of 2026. That represents growth of 1.08 percent between the two quarters, while reported earnings per share were EUR 0.09 against a EUR 0.09 forecast, according to Investing.com.

For investors, the operating comparison is modest beside the legal exposure. Fitch said any customer migration would unfold over at least three years, with revenue losses potentially starting in March 2028 for Fastweb and August 2030 for Telecom Italia.

Stock remains below yearly high

Inwit stock was trading 31.91 percent below the 52-week high of EUR 9.80 on October 2, 2026, based on the quoted range of EUR 5.98 to EUR 9.80. The range leaves the current EUR 6.67 price closer to the yearly low than to the high, while the rating watch keeps contract negotiations central to the valuation discussion.

Inwit is listed on Borsa Italiana under ticker INW and belongs to the FTSE MIB. The company's tower portfolio gives it recurring infrastructure exposure, but the concentration of revenue among two anchor customers makes the legal timetable financially material.

Trading reference for Inwit stock

Inwit was trading at EUR 6.67 at Lang & Schwarz on October 6, 2026 at 12:32 p.m. CEST, plus 2.93 percent versus the Lang & Schwarz prior close of EUR 6.48 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Inwit stock.