Advanced Television

Four groups chase Telecom Italia Media

September 24, 2012

Four groups are still racing for the assets of Telecom Italia Media that are up for sale, according to Italian newspapers.

Cairo Communications, 3 Italia, owned by China’s Hutchison Whampoa, Germany’s RTL of the Bertelsmann Group and the US’s Discovery Channel will submit non-binding bids before today’s deadline.

The offers will be then examined by the board of TI Media’s parent company Telecom Italia on September 27th.

Categories: Articles, Business, M&A, Telco