Giovedì, 20 Settembre 2018
MILAN

Telecom Italia to decide sale of broadcast unit by Feb 7

English
© ANSA

Milan, January 17 - Telecom Italia's board will
pursue its plan to sell its broadcasting unit Telecom Italia
Media, including Italy's seventh-biggest TV channel La7, and it
will make a decision before February 7, according to a source
present during a directors' meeting on Thursday.
Talks with potentially interested buyers - Italian
investment firms Clessidra and Equinox, as well as investors
from Cairo - are continuing, the source added.
Italian media had reported that Telecom Italia, Italy's
former state-owned telecommunications company, aimed to sell its
77% stake in the unit by the end of 2012 to help cut its debt.
The centre-left Democratic Party voiced concern over the
sale "apparently without adequate competitive bids" because of
the risk of La7 being weakened.
The station ranks seventh after the three Mediaset channels
owned by ex-premier Silvio Berlusconi and RAI state
broadcaster's three channels, and is seen as adding a broadly
left-leaning voice to the TV scene.
It achieved record ratings when Silvio Berlusconi recently
stood up to long-time foes on a show previously hosted by RAI,
boosting the ex-premier in polls ahead of the February 24-25
general election.

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