Italy’s state TV to hold at least 30% stake in towers unit

Industry:    2022-03-10

Italy has ruled that state broadcaster RAI should retain a stake of at least 30% in its towers unit Rai Way, a draft government decree seen by Reuters showed on Wednesday.

Reuters reported on Monday that Italian Prime Minister Mario Draghi had signed off on a decree allowing RAI to cut its 65% holding in Rai Way below 51%, in a move expected to trigger sector consolidation. read more

The decree could pave the way for merger talks between Rai Way and rival EI Towers, a long-mooted tie-up that would create a group worth more than 2 billion euros ($2.2 billion) in the television and radio mast sector.

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