February 23, 2018 / 6:16 PM / 3 months ago

U.S. fund I Squared expresses interest for Telecom Italia's Persidera unit - sources

MILAN (Reuters) - A sole non-binding expression of interest for Telecom Italia’s (TLIT.MI) majority-owned broadcasting unit Persidera unit came from U.S.-based infrastructure fund I Squared Capital, two sources familiar with the matter told Reuters.

One of the sources had said previously that the non-binding expression of interest valued the unit at 290 million euros ($356.6 million).

    So far TIM has received only one binding offer for Persidera, presented by infrastructure fund F2i and towers firm Raiway (RWAY.MI), worth around 250 million euros, according to sources.

    I Squared could not immediately be reached for comment.

    Reporting by Giulio Piovaccari and Agnieszka Flak; Editing by Crispian Balmer

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