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

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.....

This article is no longer available in our repository.

There could be multiple reasons for this.