MILAN (Reuters) -Shareholders of Italian broadcasting tower operators Rai Way and EI Towers are set to extend discussions over a potential merger beyond an existing September 30 exclusivity deadline, three sources familiar with the matter told Reuters.
A tie-up between Milan-listed Rai Way, controlled by public broadcaster RAI, and EI Towers, which is owned by Italian infrastructure fund F2i and Italy’s top commercial broadcaster MFE-MediaForEurope would create a national champion in the sector.
The talks stem from a non-binding memorandum of understanding (MoU) signed in December 2024 and expiring at the end of September.
The sources said on Tuesday that state-owned RAI needs more time to assess a potential deal and parties are now discussing an extension of the MoU ranging from three to six months.
RAI, F2i, MFE all declined to comment.
(Reporting by Elvira Pollina, editing by Alvise Armellini)
