2i Towers – a special purpose company fully owned by 2i Towers Holding, which is indirectly controlled by F2i, with an important minority stake held by Mediaset – has launched a Voluntary Public Tender Offer on the entire share capital of EI Towers.

EI Towers, a listed company, is the owner and manages the main Italian network for the transmission of the TV signal (over 2,300 towers), a network for the transmission of mobile telephone services (over 1,100 towers) and has a fiber optic backbone of over 6,000 km serving its infrastructure.

The Offer provides for a consideration equal to EUR57.00 for each share, entailing a premium equal to 19.2% compared to the weighted average of the prices recorded during the six months preceding the announcement of the transaction.

This transaction aims to strengthen the industrial outlook of EI Towers through a gradual ownership separation and distinction between companies holding telecommunications infrastructure assets and companies providing television contents, an event which has already been started some time ago with success on an international level. 

The completion of the transaction is subject to, inter alia, the achieving by 2i Towers of an equity interest above 90% of EI Towers share capital and the unconditional approval of the Antitrust Authority.