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RaiWay-F2i raise bid for TIM's Persidera unit - report

Friday 23 February 2018 | 09:00 CET | News
Rai's towers subsidiary RaiWay and Italian infrastructure fund F2i have raised their initial joint bid of EUR 250 million for the Persidera broadcasting unit of Telecom Italia (TIM), according to two unnamed sources cited by Reuters. They did not specify by how much the offer had been raised but one of the sources said it still fell short of TIM's original valuation of the unit of around EUR 350 million. The operator's board is set to meet on 23 February to decide whether to accept the offer, the only one received for the former Telecom Italia Media Broadcasting company.

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