Shareholders in Rai Way, EI Towers start talks over Italian broadcast tower tie-up

Rai Way SpA

19/12/2024 17:14

MILAN, Dec 19 (Reuters) - The main shareholders in
Italian broadcasting tower companies Rai Way  RWAY.MI  and EI
Towers have signed a preliminary agreement to kick off talks
over a potential merger, they said in a statement on Thursday.
    The agreement includes an exclusivity period up to Sept. 30,
2025, the statement said. 
    A tie-up between Milan-listed Rai Way  RWAY.MI , controlled
by Italian state broadcaster RAI, and EI Towers, which is owned
by Italian infrastructure fund F2i and Italy's top commercial
broadcaster MFE  MFEB.MI , has been mooted for years.
    It would create a national broadcasting tower champion worth
nearly 4 billion euros, including debt.

 (Reporting by Elvira Pollina, editing by Gavin Jones)
 ((elvira.pollina@thomsonreuters.com;))