0
Wireless

Vivendi board members backing EI Towers-Inwit deal- report

Tuesday 29 March 2016 | 08:35 CET | News
The Vivendi board members of Telecom Italia are pushing the operator to back the offer made by EI Towers for a stake in its Inwit towers division, reports La Repubblica. Earlier in the month, Telecom Italia announced that it had received binding bids from Mediaset-owned EI Towers and a consortium made up of Spain's Cellnex Telecom and Italian infrastructure fund F2i for a stake in Inwit. However, the four representatives of top shareholder Vivendi on Telecom Italia's board prefer the EI Towers bid because it would allow Telecom Italia to retain a larger share of its unit, while the

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Broadcast & Satellite / Mobile & Wireless
Companies: Cellnex / Inwit / Mediaset / Telecom Italia / Vivendi
Countries: Italy
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

EI Towers 9-month revenues inch up to EUR 187.9 mln

Published 04 Nov 2016 08:49 CET | Italy
Mediaset-owned EI Towers reported revenues of EUR 187.9 million in the nine months to the end of September, compared to EUR 180.1 ...

Gentili named director of Telecom Italia's Inwit

Published 13 Jun 2016 08:59 CET | Italy
Telecom Italia has announced the appointment of Giuseppe Gentili as a director of its tower unit Inwit. Gentili, defined as an ...

Cellnex considering European tower alternatives to Inwit

Published 17 May 2016 09:51 CET | Italy
Spanish infrastructure operator Cellnex Telecom is considering alternative tower acquisitions in Europe in view of the stalled ...

EI Towers revenues inch up to EUR 61.5 mln in Q1

Published 05 May 2016 09:06 CET | Italy
Mediaset-owned EI Towers reported revenues of EUR 61.5 million in the first quarter, compared to EUR 59.4 million a year ago, ...

Inwit Q1 profit hits EUR 23.5 mln, confirms 3-year guidance

Published 04 May 2016 08:57 CET | Italy
Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported revenues of EUR 81.7 million in the three months to ...

EI Towers rules out Inwit takeover

Published 22 Apr 2016 10:56 CET | Italy
Mediaset-owned EI Towers has ruled out launching a takeover bid for Italian tower company Inwit, the towers division of Telecom ...

Vivendi CEO confirms long-term commitment to Telecom Italia

Published 21 Apr 2016 15:06 CET | Italy
Vivendi CEO Arnaud de Puyfontaine has reiterated the French media group's commitment to Telecom Italia at Vivendi's annual ...

Inwit shareholders approve dividend payment

Published 20 Apr 2016 11:12 CET | Italy
Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) announced that its shareholders approved the distribution of ...

Vivendi CEO rules out Telecom Italia capital hike, cost cuts

Published 08 Apr 2016 09:00 CET | Italy
Telecom Italia can rely on its own resources and has no need to seek a capital increase to fund future investments, according to ...

Ben Ammar brokering Vivendi-Mediaset content deal - report

Published 24 Mar 2016 11:54 CET | France
French media group Vivendi has entrusted Tunisian businessman Tarak Ben Ammar, a member of the company's board, to negotiate a ...

Telecom Italia CEO Patuano to leave company

Published 21 Mar 2016 08:33 CET | Italy
Telecom Italia announced that negotiations are underway on an agreement for CEO Marco Patuano to leave the company. No details on ...

Telecom Italia confirms 2 binding offers for Inwit stake

Published 18 Mar 2016 11:08 CET | Italy
Telecom Italia has received two binding offers to buy a stake in its Inwit towers division and is currently negotiating with ...