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Italy's Mediaset CEO says time for deal with Telecom Italia is passed

Reuters  |  MILAN 

(Reuters) - The time for an agreement between Italian and (TIM) is passed, Pier said.

Last week the Milan-based TV group announced it was working on creating a pan-European broadcaster after signing a content sharing deal with and a deal TIM to give the phone group's customers access to its free-to-air channels.

But Berlusconi said that interest toward TIM was "financial sci-fi", in comments made to reporters in and confirmed by a

The group, controlled by the family of former Silvio Berlusconi, has been re-thinking its model after the sale of its Premium pay-TV unit to France's failed in 2016.

The missed deal hit the finances of the group, which returned to profit in 2017. Berlusconi said a return to dividend on 2018 results could be "possible".

(Reporting by Giulia Segreti; editing by Francesca Landini)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 05 2018. 16:12 IST