“Digital Multiplex” transferred to Telecom Italia Media Broadcasting

03/31/2006 - 00:00 PM

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The Telecom Italia Media SpA (Telecom Italia Group) Board of Directors, at today’s meeting chaired by Riccardo Perissich, resolved to transfer the “Digital Multiplex” unit to the Telecom Italia Media Broadcasting S.r.l. company (a 100%-owned Telecom Italia Media S.p.A subsidiary) against a capital increase and premium equal to around  €27 million.

This move responds to the need to comply with regulations in force requiring a separation between broadcast transmission network operator and content provider activities (Italian Consolidated Broadcasting Legislative Decree no. 177/2005).