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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Telecom minister hoping for quick EI Towers, RaiWay merger

Published 08 Feb 2017 10:04 CET | Italy
Italian undersecretary for economic development in charge of telecommunications Antonello Giacomelli would welcome a tie-up ...

EI Towers, RaiWay in informal merger talks - report

Published 04 Feb 2016 10:00 CET | Italy
Mediaset-controlled EI Towers and rival Italian tower operator RaiWay have begun informal contacts over a possible tie-up, ...

One in four Italian families don't pay TV licence 

Published 11 Nov 2015 11:33 CET | Italy
Around 7 million Italian families evade paying the country's TV licence, according to a document filed by the Ministry of Economy ...

Italians to be fined EUR 500 for non-payment of TV licence

Published 19 Oct 2015 09:07 CET | Italy
The fine for non-payment of Italy's TV licence will rise to EUR 500 starting next year, according to a draft copy of the new ...

Italian TV licence cut to EUR 100, added to electricity bill

Published 16 Oct 2015 10:47 CET | Italy
Italian prime minister Matteo Renzi has confirmed that the country's TV licence will be cut to EUR 100 from EUR 113 and added to ...

EI Towers board investigated for stock manipulation - report

Published 05 May 2015 13:54 CET | Italy
The entire board of EI Towers is being investigated by Milan prosecutors on suspicion of stock price manipulation over its bid ...

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

Published 21 Apr 2015 14:54 CET | Italy
EI Towers has effectively withdrawn its EUR 1.23 billion bid to acquire rival tower operator RaiWay, but hasn't completely ruled ...

Antitrust watchdog rejects EI Towers current bid for RaiWay

Published 16 Apr 2015 11:22 CET | Italy
Italy's antitrust and competition regulator AGCM has joined market regulator Consob in announcing that EI Towers' EUR 1.23 ...

Regulator blocks EI Towers bid for RaiWay in current form

Published 14 Apr 2015 09:11 CET | Italy
Italian market regulator Consob has announced that EI Towers' proposed EUR 1.23 billion bid to acquire rival tower operator ...

EI Towers net profits rise to EUR 37.8 million in 2014

Published 20 Mar 2015 09:49 CET | Italy
Italian communication infrastructure operator EI Towers ended 2014 with revenues up 1.3 percent year-on-year to EUR 234.5 million ...

Italian regulator to probe EI Towers bid for RaiWay

Published 12 Mar 2015 09:37 CET | Italy
Italy's anti-trust and competition regulator AGCM has announced that it will be investigating EI Towers' EUR 1.23 billion bid to ...

EI Towers offers EUR 1.23 bln for Italy's RaiWay

Published 25 Feb 2015 10:51 CET | Italy
Mediaset-controlled EI Towers has offered EUR 1.23 billion in cash and stock to take over rival Italian tower operator RaiWay. In ...