Reuters logo
TI Media confirms plans to approve deal with Cairo on March 4
March 1, 2013 / 4:06 PM / 5 years ago

TI Media confirms plans to approve deal with Cairo on March 4

MILAN, March 1 (Reuters) - Telecom Italia Media has confirmed plans to give final approval to the sale of its flagship La7 channel to Cairo Communication at a board meeting due Monday.

News that a new rival bid had emerged fuelled speculation that talks with Cairo could fall apart.

In a statement on Friday, Telecom Italia Media said it “confirms the path already defined” in a Feb. 27 press release when it said it had delayed the approval of deal with Cairo because some details still needed to be worked out. (Reporting By Danilo Masoni)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below