Mediaset denies sale of EI Towers stake

Monday 8 April 2013 | 11:04 CET | News
Italian commercial broadcaster Mediaset has denied local reports of a sale of part of its share in EI Towers (formerly DMT), a transmission tower company owned 65 percent by Mediaset through Elettronica Industriale. This follows comments from Italian market analysts that the company could sell a 15 percent share in the towers operator for around EUR 100 million, which would be used to reduce debt. In March EI Towers decided to issue its first eurobond by the end of this year. The bond will have a maximum nominal amount of EUR 250 million. The operation is aimed at the overall refinancing of

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Categories: Broadcast & Satellite / Mobile & Wireless
Companies: DMT / Elettronica Industriale / Mediaset
Countries: Italy
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