Patrimonia Properties has been founded in 1995, is one Italian private telecommunication tower company. Patrimonia combines a unique combination of growth and quality. We operate geographically diverse suite of telecommunications towers over all the national territory, hosting the main Italian operators. Following a period of expansion across 2000 to 2018, in which we doubled our towers, now the primary goal is to stabilize the cash flow and management. This illustrates our continued disciplined approach to our capital allocation.