Italy's Rai Way, EI Towers shareholders extend talks over TV towers tie-up

Shareholders in Rai Way and EI Towers agreed to extend merger talks after failing to meet Monday's deadline, keeping the potential deal alive but without a signed agreement. The update is modestly relevant for the two tower operators and reflects continued uncertainty around valuation and deal timing. No financial terms or transaction size were disclosed.

Analysis

Shareholders in Rai Way and EI Towers agreed to extend merger talks after failing to meet Monday's deadline, keeping the potential deal alive but without a signed agreement. The update is modestly relevant for the two tower operators and reflects continued uncertainty around valuation and deal timing. No financial terms or transaction size were disclosed.