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BlackRock increases EI Towers stake to 10.3%

Thursday 23 October 2014 | 11:33 CET | News
Global asset manager BlackRock, the world's largest investor, has increased its stake in Italian tower operator EI Towers from 6.9 percent to 10.3 percent, according to a stock market filing. As a result, BlackRock is now the second largest shareholder in EI Towers behind Mediaset, which retains a 40 percent stake. The move comes as several Italian operators finalise plans to sell off their tower portfolios. Italian mobile operator Wind Telecomunicazioni has set an end-October deadline to receive non-binding offers for a package of around 40-50 percent of its 13,000 towers in Italy. In

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Categories: Broadcast & Satellite
Companies: Mediaset / Telecom Italia / Wind
Countries: Italy
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