July 6, 2022

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Reuters reveals Italy masts M&A looms as government moves to cut Rai Way stake – Reuters News Agency

Business & FinanceEconomyPoliticsTechnology

Reuters exclusively reported that Italy’s Prime Minister Mario Draghi has approved a decree allowing Italy’s state broadcaster RAI to cut its holding in towers unit Rai Way below 51%, in a move expected to trigger sector consolidation. The decree could pave the way for merger talks between Rai Way and EI Towers, the officials said, 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.

Article Tags

Topics of Interest: Business & FinanceEconomyPoliticsTechnology

Type: Reuters Best

Sectors: Business & FinanceEconomy & PolicyGovernment & Public ServicesTelecommunications

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional StoryMajor Global Story