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Telecom Italia approves TI Media buyout

Friday 20 March 2015 | 10:17 CET | News
Telecom Italia has approved the full takeover of its media division, Telecom Italia Media, which has been a publicly traded company for over a decade. The company's intention to buy out TI Media was first announced last month at the launch of its 2015-2017 business plan and it has now confirmed the merger plan, saying it will offer 0.66 new ordinary shares and 0.47 new saving shares for each share of the same category in Telecom Italia Media. The takeover of TI Media, already 78 percent owned by the phone company, is expected to cost around EUR 25 million.

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