July 17, 2018 / 9:30 AM / 3 months ago

Italy's Rai Way keen on tie-up with EI Towers 'under certain conditions': source

ROME (Reuters) - Italian towers group Rai Way is interested in a combination with peer EI Towers, but under certain conditions, starting with the price, a source familiar with the matter said on Tuesday.

Earlier on Tuesday, Italy’s biggest commercial broadcaster, Mediaset, has joined forces with infrastructure fund F2i to launch a takeover bid for EI Towers, in a move widely expected to spur further consolidation in the Italian masts sector.

Reporting by Massimiliano di Giorgio, writing by Agnieszka Flak; editing by Paola Arosio.

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