Press Release

(Milan, 3 January 2023) iliad and WINDTRE announce the completion of Zefiro Net S.r.l., a 50:50 joint venture whose share capital is equally owned by each of the two shareholders. Both parties will jointly manage their respective mobile phone networks in the less densely populated areas of Italy.

With this joint venture - authorized by Autorità per le Garanzie nelle Comunicazioni (AGCOM) for the profiles and competence of its respective parent companies - the two operators will work synergistically to accelerate the coverage of mobile phone networks, including 5G, to provide ultra-broadband connectivity services for residents of the areas in which the joint venture operates.

Zefiro Net S.r.l. has acquired the ownership and technical management - on behalf of the two partners - of the infrastructure that allows the provision of mobile services in an area where about 26.8% of the Italian population resides.

Press relations and media iliad contact:
stampa@it.iliad.com

Press office iliad: Now! PR
Mattia Zanetti, mattiaz@nowpr.it
Giulia Consiglio, giuliac@nowpr.it

Press relations and media WINDTRE contact:
Ufficiostampa@windtre.it

About iliad

iliad is the operator that has revolutionized the mobile phone market in Italy since its debut in 2018, with offers that combine quality and transparency. In January 2022, iliad entered the fixed network market with its own fibre and router, iliadbox. According to a GRIF-Luiss study of November '22, iliad's investments in Italy have generated a return of over 10 billion euros on national production, with over 83,000 jobs (direct, indirect and induced). It is present in Italy with a proprietary network infrastructure. iliad today covers 99.6% of the population through 4G technology, and 5G network available in the main Italian cities and constantly increasing, on 5G devices compatible with the iliad 5G network (formore information and to check compatible phones visit https://5g.iliad.it/). In addition to the 31 Flagship Stores, iliad has exceeded the threshold of 4,000 points of sale spread throughout the peninsula between Simbox, iliad Corner, iliad Point and iliad Express. The mobile operator belongs to the Iliad Group, the sixth largest mobile operator in Europe. As of September 2022, iliad Italia had more than 9.3 million active users.

About WINDTRE

WINDTRE is the number one mobile operator in Italy and among the main alternative operators in fixed connectivity. It is part of the multinational CK Hutchison Holdings Limited. Its new mobile network offers excellent coverage with state-of-the-art infrastructure. In addition, the company is committed to the diffusion of ultra-broadband connectivity services based on optical fiber and FWA throughout the national territory. The WINDTRE brand consolidates the company's value positioning, with welcoming and inclusive technology at the center. WINDTRE, in fact, which has always been 'much closer' to customers in everyday life, aims to facilitate the connection between people and to support them in facing the challenges of the present. Values also underlined by its communication, focused on proximity and on the 'company purpose' to eliminate any distance. The consumer brand is joined by WINDTRE BUSINESS, to support companies and professionals in digital transformation. With the launch of the "WINDTRE LUCE&GAS" brand, the company has also entered the energy market.

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