Italian transmission merger moves forward

The boards of Italian broadcaster Mediaset’s transmission arm, Ei Towers, and transmission services provider DMT have approved the acquisition of the former by DMT in an all-share deal designed to create a unified broadcast and mobile tower infrastructure provider.

Ei Towers is owned by Elettronica Industriale, a unit that is in turn owned by Mediaset subsidiary RTI.
Elettronica Industriale/Mediaset will receive 34 new DMT shares for every 401 Ii towers share. The DMT board approved a capital increase from €1.130 million to €2.826 million through the issue of new shares reserved for Elettronica Industriale.

Completion of the merger is subject to clearance by the country’s competition regulator.