February 23, 2018 / 6:15 PM / a year ago

U.S. fund I Squared expresses interest for Telecom Italia's Persidera unit - sources

MILAN, Feb 23 (Reuters) - A sole non-binding expression of interest for Telecom Italia's majority-owned broadcasting unit Persidera unit came from U.S.-based infrastructure fund I Squared Capital, two sources familiar with the matter told Reuters.

One of the sources had said previously that the non-binding expression of interest valued the unit at 290 million euros ($356.6 million).

So far TIM has received only one binding offer for Persidera, presented by infrastructure fund F2i and towers firm Raiway, worth around 250 million euros, according to sources.

I Squared could not immediately be reached for comment. (Reporting by Giulio Piovaccari and Agnieszka Flak; Editing by Crispian Balmer)

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