Rai Way CEO confirms interest in merger with EI Towers (translated)
10 MAR 2017
Stefano Ciccotti, the CEO of Rai Way [BIT:RWAY], the state-owned Italian transmission tower network, ha confirmed that it is interested in merging with EI Towers [BIT:EIT], according to Italian-language daily Il Messaggero.
The item cited Ciccotti as saying that consolidation in the sector was "logical" and that Rai Way would monitor opportunities closely.
EI Towers has a market capitalisation of EUR 1.7bn and Rai Way of around EUR 1.27bn.