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Gedi preparing bid for TIM's Persidera unit - report

Wednesday 31 October 2018 | 09:18 CET | News
Italian publisher Gruppo Editoriale L'Espresso (Gedi) is preparing a bid to acquire Telecom Italia's 70 percent stake in media unit Persidera with a view to taking full control of the company, according to unnamed sources cited by Reuters. Gedi, which currently holds 30 percent of Persidera, wants to pay around EUR 170 million for TIM's stake and then sell on the unit's infrastructure assets to towers company Rai Way, added the sources.

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Categories: Broadcast & Satellite
Companies: Persidera / RAI / Telecom Italia / TIM
Countries: Italy
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