EI Towers CEO says 'goodbye, not farewell' to RaiWay tie-up

Tuesday 21 April 2015 | 14:54 CET | News
EI Towers has effectively withdrawn its EUR 1.23 billion bid to acquire rival tower operator RaiWay, but hasn't completely ruled out the possibility of taking over its state-controlled rival, according to the company's CEO. "We haven't said farewell but just goodbye, with the timing and shape [of a future offer] depending on other parties," said EI Towers CEO Guido Barbieri at a shareholder meeting. Mediaset-controlled EI Towers announced its bid in February and has been examining ways of overcoming the Italian government's insistence on retaining a 51 percent stake in RaiWay in view of the

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Categories: Broadcast & Satellite
Companies: EI Towers / Mediaset / RaiWay
Countries: Italy
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