A PARTNERSHIP FOR DIGITAL TERRESTRIAL TELEVISION

12/22/2008 - 00:00 PM

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The Telecom Italia Media Board of Directors, which met today under the chairmanship of Berardino Libonati, announced that owing to prevailing market conditions, the private equity fund that previously expressed an interest in acquiring a stake in subsidiary company TIMB has since withdrawn its interest.
In order to realize the full value of the network operator's digital assets in the short term, where appropriate through a partnership, the Board further discloses that it has received several other non-binding expressions of interest from the market, and will therefore proceed with a competitive auction during the first quarter of 2009.