Italy’s public broadcaster RAI is considering the possibility of selling part of its stake in tower company Rai Way to state-backed companies.
The move is aimed at generating resources for future investments, according to finance minister Giancarlo Giorgetti issued Thursday.
Giorgetti’s remarks suggest a potential revision of the previous government’s plan to merge Rai Way with unlisted rival EI Towers, which was approved by former Prime Minister Mario Draghi.
Back in March 2022, former prime minister Mario Draghi had approved a decree allowing RAI to reduce its stake in Rai Way from 65% to 30%, a move expected to trigger consolidation in the television and radio mast sector.
At the time, RAI appointed investment bank Lazard to investigate opportunities for the unit.
Giorgetti, who was industry minister under Draghi, had argued that RAI should not maintain control of the group after the merger.
