It lasted over four hours Board of Telecom met to take stock of the process of divestment of Ti Media and the spin-off of the network. “Today I am silent,” Tarak Ben Ammar said as he left the meeting. The other councilors did not comment either.
The two crucial dossiers for Telecom are now in full swing. On the front of network unbundling today the point on the progress of the dialogue underway with the Cassa Depositi e Prestiti was expected in the Board of Directors. As for the sale of Ti Media assets, admission to the data room phase of the offers has been finalised.
There are three suitors in the field for the publisher of La7, according to sources close to the dossier: Hourglass, Discovery e H3G. Claudio Sposito's private equity fund would have made an offer lower than the 450 million (300 in cash and 150 in debt) reported by the press in recent days for the entire perimeter of Ti Media. Today Repubblica spoke of 380 million for an overall offer (TV channels plus multiplexes), but without assuming debt.
The American Discovery instead would have put 100 million on the plate for just the two TV channels, but still without debt. Finally, the Chinese tycoon Li-Ka Shind's group, H3G, has confirmed its interest in both businesses with a 320 million chip. On the Stock Exchange, Telecom Italia rose by 1,86% while Ti media dropped by 0,57%.
