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Equinox, Clessidra funds file joint bid to buy Telecom Italia Media
December 4, 2012 / 4:30 PM / 5 years ago

Equinox, Clessidra funds file joint bid to buy Telecom Italia Media

MILAN, Dec 4 (Reuters) - Italy’s Equinox fund has presented an offer with private equity fund Clessidra for Italy’s third-largest commercial broadcaster Telecom Italia Media , Equinox head Salvatore Mancuso said on Tuesday.

Telecom Italia aims to sell its loss-making TV unit by the end of the year to cut its debt.

A deadline to file bids for the Italian broadcaster has been extended by a day to Tuesday, a person familiar with the matter said earlier. (Reporting By Gianluca Semeraro, editing by Francesca Landini)

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