Chugalug,
Quite a find ! Here we have a model A-35, VV Mk.IV "in full bloom" as a Target Tower. The "clock key" is a stylised version of the windmill "tower": from a vague memory of our 20 Sqn Beau, this was about the size and shape of a traffic cone: I suppose the one fitted to the VV would be much the same.
As for the cable lead-in, it is just guesswork: there is no "right" or "wrong" about it !
There is a lot on "Carmel J. Attard " - who she (he) ? from Google, but "AMC" 's potted history of the VV needs a good rewrite !
So now we have it nailed down: it is a Mk. IV TT that got out of UK somehow to Italy. at war's end. What exactly does the one white band signify ?
Danny.