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