0
Video

RaiWay-F2i submit only bid for stake in Persidera - report

Monday 19 February 2018 | 09:10 CET | News
A consortium comprising Rai's towers subsidiary RaiWay and Italian infrastructure fund F2i have submitted a joint binding offer for the majority stake in Telecom Italia's broadcasting company Persidera, reports Milano-Finanza. The bid is the only one received by the advisors Barclays and Lazard within the extended term and is around EUR 100 million short of the EUR 350 million wanted by Telecom Italia, said the report, adding that Mediaset's EI Towers and US media company Discovery Communications refrained from submitting offers after initially expressing an interest.

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.

Subscriptions

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: Mediaset / RAI / Telecom Italia / TIM / Vivendi
Countries: Italy
::: add a comment

Add 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.


Related

Rai Way submits binding offer for Telecom Italia's Persidera

Published 25 Sep 2018 15:12 CET | Italy
Rai's towers subsidiary Rai Way has announced a revised offer for Persidera, the former Telecom Italia Media Broadcasting ...

Rai Way still interested in bidding for Persidera

Published 27 Jul 2018 08:58 CET | Italy
Rai's towers subsidiary Rai Way has announced that it's still interested in bidding for Persidera, the former Telecom Italia ...

EI Towers CEO denies Towertel sale rumours

Published 24 Apr 2018 15:13 CET | Italy
The chief executive of Mediaset-owned EI Towers has denied press rumours that the company is looking to sell off its Towertel ...

EI Towers FY net profit up 23% to EUR 54.5 mln

Published 23 Mar 2018 10:29 CET | Italy
Mediaset-owned EI Towers reported full-year 2017 revenues of 262.9 million, up around 4.5 percent compared to EUR 251.5 million a ...

Italy's Gedi rejects F2i-Rai Way bid for Persidera stake

Published 05 Mar 2018 15:20 CET | Italy
Italian publisher Gruppo Editoriale L'Espresso (Gedi) has rejected a binding bid for its 30 percent stake in Persidera, the ...

TIM confirms transfer of Persidera stake to trust, retains sale control

Published 05 Mar 2018 08:59 CET | Italy
Telecom Italia (TIM) has announced that it has indeed transferred its majority stake in broadcasting unit Persidera to a trust, ...

TIM transfers Persidera stake into blind trust - report

Published 02 Mar 2018 14:10 CET | Italy
Telecom Italia (TIM) and controlling shareholder Vivendi have decided to temporarily put on hold the sale of broadcasting unit ...

TIM approves RaiWay-F2i bid for Persidera unit, still open to offers

Published 24 Feb 2018 14:50 CET | Italy
The board of directors of Telecom Italia (TIM) has voted in favour of accepting the only official offer received for its stake in ...

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

Published 23 Feb 2018 09:00 CET | Italy
Rai's towers subsidiary RaiWay and Italian infrastructure fund F2i have raised their initial joint bid of EUR 250 million for the ...

TIM still mulling whether to accept RaiWay-F2i bid for Persidera - report

Published 21 Feb 2018 09:47 CET | Italy
Telecom Italia (TIM) is set to decide by early next week whether to accept a joint bid from Rai's towers subsidiary RaiWay and ...

TIM extends deadline for Persidera bids - report

Published 15 Jan 2018 08:33 CET | Italy
Telecom Italia (TIM) has decided to extend the 15 January deadline given to companies bidding for the majority stake it has put ...

Rai confirms interest in TIM's Persidera unit

Published 14 Dec 2017 09:45 CET | Italy
Italian public broadcaster Rai is the first company to have confirmed its interest for the majority stake in broadcasting company ...

Four bidders in the running for TIM's Persidera unit - report

Published 13 Dec 2017 10:01 CET | Italy
Four parties are currently in the running for the majority stake in broadcasting company Persidera put up for sale by Telecom ...

TIM confirms preliminary bids for Persidera unit

Published 08 Dec 2017 09:10 CET | Italy
Telecom Italia (TIM) has confirmed the receipt of preliminary non-binding bids from parties interested in acquiring its majority ...

TIM expecting first bids for Persidera unit this month - report

Published 13 Nov 2017 11:18 CET | Italy
Telecom Italia (TIM) is expecting to receive the first non-binding proposals from parties interested in acquiring its majority ...

TIM preparing to sell Persidera unit for up to EUR 400 mln – report

Published 05 Oct 2017 08:32 CET | Italy
Telecom Italia has started the process to sell its majority stake in broadcasting company Persidera, valued EUR 350 to EUR 400 ...

EC approves Vivendi control over TIM if Persidera unit sold

Published 31 May 2017 08:36 CET | Italy
European Commission antitrust regulators have finally given their approval to Vivendi's plan to take over control of Telecom ...