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TIM expecting first bids for Persidera unit this month - report

Monday 13 November 2017 | 11:18 CET | News
Telecom Italia (TIM) is expecting to receive the first non-binding proposals from parties interested in acquiring its majority stake in broadcasting company Persidera by 20 November, reports news agency Radiocor Plus. Potential bidders include Italian infrastructure fund F2i, private equity fund manager Clessidra Capital Partners and tower operator RaiWay, said the report, adding that the latter has already confirmed its interest in the possible acquisition. Due diligence on the bids will be carried out in December together with Barclays and Lazard, said the report.

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Categories: Broadcast & Satellite
Companies: European Commission / Telecom Italia / TIM / Vivendi
Countries: Italy
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