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TIM completes sale of Persidera unit

Tuesday 3 December 2019 | 09:12 CET | News
Telecom Italia (TIM) has closed the sale of its 70 percent stake in broadcasting unit Persidera to Italian infrastructure fund F2i and EI Towers shortly after obtaining the approval of antitrust watchdog AGCM. The EUR 240 million deal announced in June involves the demerger of Persidera into two separate entities. Publisher Gedi Gruppo Editoriale owns the remaining 30 percent stake in the former Telecom Italia Media Broadcasting company.

The first of the two, Persidera, continues to hold the five digital terrestrial frequencies and associated revenue-earning contracts and staff, and was sold entirely to F2i TLC 2 SpA. The second, NetCo SpA, which includes all the network infrastructure and associated staff, was sold entirely to EI Towers.

F2i and broadcaster Mediaset previously completed their takeover of EI Towers, which owns around 2,300 broadcast towers and more than 1,000 mobile towers all over Italy, at the end of last year. 



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