Telecom Italia’s broadcasting unit Telecom Italia Media (TI Media) could transfer its two loss-making TV channels, La7 and MTV, to a new company from September, according to WSJ. The media company would be left with its valuable frequency licences by selling the two broadcasters. The licences could then be used to deliver completely new content or pay TV. This move would also make it easier for Telecom Italia to sell TI Media.

Telecom Italia wants to sell its controlling stake in TI Media so it can pay off part of its debt and focus on its core activities. Last week, Telecom Italia received 15 preliminary expressions of interest for its Telecom Italia Media unit. Interested parties include pay-television provider Sky Italia, Al-Jazeera and The Discovery Channel.

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, Broadcast, Telco