EI Towers, a publicly owned Italian company founded in 1999, provides connectivity and distribution services. Employing approximately 530 people, the company's services support various sectors including television, radio, mobile telecommunications (GSM/UMTS/LTE), wireless internet (WiFi/WiMax), public utilities, and government institutions. In 2023, the company reported revenues below $500 million. Its core business involves the construction and maintenance of network infrastructure.
On Thursday, October 26, 2023, shareholders of Rai Way and EI Towers announced a non-binding memorandum of understanding to explore a potential merger between the two companies. This agreement, involving Rai, F2i SGR SpA, and MFE-MediaForEurope NV, includes an exclusivity period lasting until September 2025. A subsequent announcement on an unspecified date confirmed Rai Way's board of directors' willingness to consider the merger, following the initial joint communiqué. Work on the merger between Rai Way and EI Towers is progressing.
EI Towers offers 2 products in the media tech industry. EI Towers's product portfolio comprises of connectivity and distribution services.
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EI Towers's revenues were $297.1M in 2023. Caretta Research has split EI Towers's revenue into 3 different product categories, the largest of which is terrestrial transmission services, which represents 47% of EI Towers's revenue.
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EI Towers's customers primarily consist of pay TV services, telecoms and entertainment Providers companies. Examples of EI Towers's customers include Sky Group, Paramount Global and Telkom Indonesia. EI Towers has suppliers like CVE Communication Video Engineering.
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