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Italy's Mediaset and F2i bid for EI Towers, may spur more tie-ups

Reuters  |  MILAN 

By Stephen Jewkes and Paola ArosioMILAN (Reuters) - Italy's biggest commercial broadcaster, Mediaset , has joined forces with infrastructure fund F2i to launch a takeover bid for masts group EI Towers , in a move widely expected to spur further consolidation in the sector.F2i and Mediaset, which already owns 40 percent of EI Towers, have offered 57 euros per share for the group, valuing it at 1.61 billion euros ($1.89 billion).The masts industry, which offer investors steady long-term returns from multi-year hosting contracts, is still fragmented in Italy and past attempts at consolidation ...

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First Published: Wed, July 18 2018. 01:45 IST