Salvepar has invested EUR12 million in a bond financing of ITAS TIM, a subsidiary of the ITAS group.
ITAS is a French industrial family group created in 1989, operating as telecom supplier, manufacturer and project manager.
Founded in 2008, ITAS TIM is a French “TowerCo” which currently owns over 380 stations in France. ITAS TIM mainly offers Digital Terrestrial Television (DTT) and radio broadcasting services. ITAS TIM also offers its stations to other DTT/radio operators and provides installation services to all operators.
This financing has been structured in partnership with Tikehau IM, the asset management company owned by the Tikehau Group. It allows ITAS TIM to finance its future investments as well as the acquisition of OneCast, a subsidiary of the TF1 group specialised in delivering multiplex of national DTT.
