Having obtained the necessary approval from the authorities, TIM today closed the sale of its 70% shareholding in Persidera S.p.A. to F2i TLC 2 SpA and EI Towers SpA.
As planned at the beginning of June when the agreements were signed, Persidera was divided into two separate entities prior to sale. The first of the two, Persidera, continues to hold the five digital terrestrial frequencies and associated revenue-earning contracts and staff, and was sold entirely to F2i TLC 2 SpA. The second, NetCo SpA, which includes all the network infrastructure and associated staff, was sold entirely to EI Towers.
Rome, 2 December 2019