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Wireless

Telecom Italia to sell Brazil towers - report

Friday 24 October 2014 | 11:20 CET | News
Telecom Italia is in advanced talks to sell mobile phone towers of its Brazilian unit TIM Brasil and could sign a deal in weeks, sources with direct knowledge of the situation told Reuters. Although Telecom Italia is aiming to raise EUR 900 million, the bids have come in at EUR 500-600 million. A source said American Tower Corp and Cell Site Solutions (CSS) are still in the race and a deal could include the splitting of assets.

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