Milan

Telecom Italia to decide sale of broadcast unit by Feb 7

Talks with investors in Italy and Cairo still continuing

Telecom Italia to decide sale of broadcast unit by Feb 7

Milan, January 17 - Telecom Italia's board will pursue its plan to sell its broadcasting unit Telecom Italia Media, and it will make a decision before February 7, according to a source present during a directors' meeting on Thursday. Talks with potentially interested buyers - Italian investment firms Clessidra and Equinox, as well as investors from Cairo - are continuing, the source added. Italian media had reported that Telecom Italia, Italy's former state-owned telecommunications company, aimed to sell its 77% stake in the unit by the end of 2012 to help cut its debt.

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di Sebastiano Caspanello