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Telecom Italia chairman denies Mediaset joint project plans

Monday 13 October 2014 | 08:37 CET | News
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Telecom Italia chairman Giuseppe Recchi has strongly dismissed rumours that his company has plans to acquire the pay-TV business of Italian broadcaster Mediaset. "We have no common project with Mediaset," he told Reuters when asked about reports in the Italian press that Telecom Italia could take over the Mediaset Premium unit in exchange for an 8 percent stake in the operator. Business daily Il Sole 24 Ore reported that the pay-TV business could be worth around EUR 900 million, as confirmed by Telefonica's acquisition of an 11.1 percent stake in Mediaset Premium for EUR 100 million in July.

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