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Rai closes door on EI Towers bid for RaiWay

Friday 17 April 2015 | 09:09 CET | News
Italian state broadcaster Rai has announced that it will not be selling its tower unit, RaiWay, to EI Towers even if the latter company changes the conditions of its EUR 1.23 billion cash and stocks bid. "Under no circumstances would Rai have accepted the proposal of EI Towers, even after the amendment thereof, since it considers the holding in RaiWay to be strategic," said Rai in a statement following a board meeting. Italy's antitrust and competition regulator AGCM recently joined market regulator in announcing that EI Towers' bid cannot be allowed to proceed in its current form. Italian

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