eiTowers, a company controlled by F2i and 40% owned by Mediaset, sold its telecommunications towers. This was reported by the Radiocor news agency, explaining that the operation announced at the end of last year was completed in recent days.
According to rumors, the infrastructures – gathered in the subsidiary Towertel – were sold to a consortium led by Phoenix Tower International, a US telecommunications infrastructure company which has among its sponsors the financial giant Blackstone.
Alongside Phoenix, it will reinvest in the F2i asset, which will thus be a minority shareholder with 20% of the capital.
100% of Towertel - according to financial sources cited by Radiocr - has been evaluated 535 million euro, approximately 18 times the EBITDA achieved by the company in 2020.
Towertel closed last year with a net profit of 12,4 million. For the seller, Ei Towers, a further collection is expected linked to Towertel's results for the next few years. The closing of the transaction will allow Ei Towers to proceed with the distribution of a rich dividend to its two shareholders, F2i and Mediaset.
