MILAN: The time for an agreement between Italian private broadcaster Mediaset and Telecom Italia (TIM) has passed, Chief Executive Pier Silvio Berlusconi said.
Last week the Milan-based TV group announced it was working on creating a pan-European broadcaster after signing a content sharing deal with Sky and a deal TIM to give the phone group’s customers access to its free-to-air channels.
But Berlusconi said that interest toward TIM was “financial sci-fi”, in comments made to reporters in Monte Carlo and confirmed by a spokesman.
The group, controlled by the family of former Prime Minister Silvio Berlusconi, has been rethinking its model after the sale of its Premium pay-TV unit to France’s Vivendi failed in 2016.
The missed deal hit the finances of the group, which returned to profit in 2017. Berlusconi said a return to dividend on 2018 results could be “possible”.