Rai Way, EI Towers shareholders fail to reach an agreement over TV tower tie-up
Rai Way, EI Towers shareholders fail to reach an agreement over TV tower tie-up MILAN, July 1 (Reuters) - Leading shareholders in Italian broadcasting tower companies Rai Way RWAY.MI and EI Towers failed to reach an agreement on the terms of a merger by a June 30 deadline they had set for their talks, a Rai statement said on Wednesday.
Negotiations over a tie-up between Milan-listed Rai Way, controlled by public broadcaster RAI, and rival EI Towers were aimed at creating a single national broadcasting tower champion.EI Towers is 60% owned by Italian infrastructure fund F2i, with the rest held by Italy's largest commercial broadcaster MFE-MediaForEurope MFEB.MI, controlled by the family of late former Prime Minister Silvio Berlusconi.
(Reporting by Elvira Pollina, editing by Cristina Carlevaro)
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