Telecom Italia picks adviser to sell Brazil towers - report

Thursday 28 November 2013 | 09:08 CET | News
Telecom Italia is working with Morgan Stanley to sound out interest in its mobile phone towers in Brazil from potential bidders such as American Tower Corp, people familiar with the matter told Bloomberg. Telecom Italia, which has about 7,000 towers in Brazil through its Tim Participacoes unit, is also analyzing internally how to sell its about 12,000 mobile towers in Italy, according to the same sources. The Brazilian towers could raise about EUR 700 million. Italy's Ei Towers and F2i SGR, as well as Spain's Abertis Infraestructuras are among the potential bidders for the Italian towers,

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Categories: Mobile & Wireless
Companies: Telecom Italia / TIM Brasil
Countries: Brazil / Italy
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