U.S. fund I Squared expresses interest for Telecom Italia’s Persidera unit, say sources: Reuters

A sole non-binding expression of interest for Telecom Italia’s (TLIT.MI) majority-owned broadcasting unit Persidera unit came from U.S.-based infrastructure fund I Squared Capital, two sources familiar with the matter told Reuters.

One of the sources had said previously that the non-binding expression of interest valued the unit at 290 million euros ($356.6 million).

I Squared could not immediately be reached for comment.