Rome, 7 October 2013 – Gruppo Editoriale L’Espresso announces that a non-binding term sheet was signed concerning the possible integration of the network operator activities of its subsidiary Rete A with those of Telecom Italia Media Broadcasting (TIMB), controlled by Telecom Italia Media in view of possible valorisation of the assets also through the creation of industrial synergies.
The preliminary agreement was signed after today’s meeting of the company’s Board of Directors, who indicated its interest in continuing negotiations to draft a definitive agreement, to be submitted to the Board for approval in due time.
This operation, which would integrate five muxes with national coverage (three from TIMB and two from Rete A) on a single digital platform, would create Italy’s leading independent network.
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