By Reuters
Published on
Share
Comments
MILAN - A consolidation in Italy's broadcasting tower sector is one of the pillars of Rai Way's industrial plan, the head of the state-controlled tower firm said on Thursday.
ADVERTISEMENT
ADVERTISEMENT
Speaking during a post-results analyst call, CEO Aldo Mancino said any decision on consolidation would be taken with a view to maximising value for majority and minority investors.
Italy has approved a decree to let state broadcaster RAI cut its holding in towers unit Rai Way below 51%, in a move which could pave the way for merger talks between Rai Way and rival EI Towers.
RAI should retain a stake of at least 30% in Rai Way, based on the decree.
Share
Comments