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TI Media, L'Espresso in talks for broadcasting tie-up
October 7, 2013 / 4:22 PM / 4 years ago

TI Media, L'Espresso in talks for broadcasting tie-up

MILAN (Reuters) - Telecom Italia Media TCM.MI said on Monday it had signed a non-binding term sheet with publisher L‘Espresso ESPI.MI to pave the way for a tie-up of their digital broadcasting activities.

In a statement, Telecom Italia Media said its board had decided to continue talks to reach a final agreement.

    The operation would generate industrial synergies and create a company with five national bandwidth assets controlled by Telecom Italia Media, it said.

    Telecom Italia Media is controlled by Telecom Italia (TLIT.MI).

    Reporting by Danilo Masoni, editing by Stephen Jewkes

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