Telecom Italia Sells Persidera to F2i and EI Towers
2019年6月5日 - 4:00PM
Dow Jones News
By Anthony Shevlin
Telecom Italia SpA (TIT.MI) said Wednesday that it reached a
binding agreement with F2i and EI Towers for the sale of its
holding in Persidera SpA based on an enterprise value of 240
million euros ($270 million).
The Italian company said F2i bought a 70% stake and EI Towers
bought a 30% stake.
The deal remains subject to approval by authorities and involves
the demerger of Persidera into two separate entities before
closing, which is expected to happen in the fourth quarter.
"One of the demerged entities will continue to hold Persidera's
five digital terrestrial frequencies and associated revenue-earning
contracts and staff, while the other will absorb all the network
infrastructure and associated staff," Telecom Italia said. "F2i
will acquire the entire share capital of the new Persidera while EI
Towers will acquire 100% of the new network infrastructure
company."
The expected impact on Telecom Italia's net financial position
reduction for 2019 is around EUR160 million, the company said.
The deal is part of Telecom Italia's strategy to streamline is
portfolio and focus on its core business.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
June 05, 2019 02:45 ET (06:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Telecom Italia (NYSE:TI)
過去 株価チャート
から 11 2024 まで 12 2024
Telecom Italia (NYSE:TI)
過去 株価チャート
から 12 2023 まで 12 2024
Real-Time news about Telecom Italia S.P.A. New (ニューヨーク証券取引所): 0 recent articles
その他のTelecom Italia S.P.A. Newニュース記事