Mediaset may sell Mediaset Premium in exchange for stake in Telecom Italia - report (translated)
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Mediaset could transfer control of its digital pay subsidiary Mediaset Premium to Telecom Italia (TI) in exchange for a stake in the listed Italian telco, Italian language daily Il Sole 24 Ore reported. The report cited unspecified rumours.
The item noted that Mediaset Premium has an equity value of EUR 900m. The report said that at present share prices this would give Mediaset just under an 8% stake in TI.
The report also cited sources close to French media group Vivendi who rejected speculation that it was looking to increase the 8.3% stake in TI it is set to receive from Spanish telco Telefonica to 20%.
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