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TIM sells media unit Persidera to F2i for EUR 240 mln
2019-06-05 09:11:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) and publisher Gedi Gruppo Editoriale have announced a binding agreement to sell their stakes in broadcasting unit Persidera to Italian infrastructure fund F2i and EI Towers for a total of EUR 240 million. The deal to divest TIM's 70 percent stake and Gedi's 30 percent holding in the former Telecom Italia Media Broadcasting company remains subject to approval and involves the demerger of Persidera into two separate entities. It's expected to close in the final quarter of 2019.
Tags: media
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Category:Telecommunications