The appetite of an Italian broadcast towerco for telecom towers and tenancies
Rai Way’s take on the changing dynamics for a broadcast company in the Italian telecoms sector
Rai Way, with 2,300 towers, is responsible for around 45% of Italy’s broadcast tower market. A failed take over by competitor EI Towers in 2015 coupled with speculation surrounding their interest in the acquisition of the Inwit portfolio thrust the company into the limelight in 2015. In this interview, Rai Way’s Head of Investor Relations, Giancarlo Benucci sheds some light on the failed EI Towers acquisition and explains why the company’s attitude towards M&A in the telecoms sector has changed since their IPO at the end of 2014.
TowerXchange: Please can you provide an introduction to Rai Way?
Giancarlo Benucci, Head of Investor Relations, Rai Way:
Rai Way is a listed Italian broadcast towerco which owns 2,300 broadcast towers used to provide broadcasting and transmission activities to RAI – the public service broadcast company in Italy.