Share

Mediaset: rumors about Vivendi and towers, the title goes up

Indiscretions on the negotiation for the creation of a European pay-TV hub in an anti-Sky function are taking hold - Meanwhile, Vivendi is allegedly preparing a non-binding offer to be launched through Inwit to acquire part of the Ei Towers

Mediaset: rumors about Vivendi and towers, the title goes up

Sunny day in Piazza Affari for the title Mediaset, which gained 3% in the mid-morning, to 3,492 euros, achieving one of the best increases in the Ftse Mib.

To support the purchases of the shares of the Biscione are once again the rumors of a possible alliance with Vivendi for the creation of a new European pay TV centre (in anti-Sky function).

According to the latest rumors, at the moment the two groups are discussing what it could be the governance of the post-merger company. On the other hand, financial issues such as the attribution of advisor roles or the assessments of the activities that would flow into the single platform would not have been addressed.

Meanwhile, Vincent Bolloré would have extended the games also to the telecommunications towers: Vivendi would be preparing a non-binding offer to be launched through Inwit (infrastructure company 60% owned by Telecom Italia, which in turn has the French group as the main shareholder) to acquire part of the towers of Ei Towers, controlled by the Biscione with 40 percent.

In particular, the offer would be aimed at purchasing one thousand of the 3 thousand towers of Ei Tower (those of Tlc: the other 2 thousand have to do with television). Telecom Italia, which can count on the liquidity forfeited by sale of Telecom Argentina and in turn is the focus of rumors about a possible marriage with Orange, would be ready to put around 200 million euros on the plate.

Inwit's Board of Directors is scheduled for Friday 11th to approve the 2015 accounts and the non-binding offer should be finalized during the meeting.

If the operation on the towers goes through, the role of Rai Way would be reduced, on which Ei Towers had launched a 1,2 billion takeover bid last year, which however had been blocked by the government and the court and rejected by the RAI board of directors.

comments