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October 07, 2013 AT 8:54 AM
MILAN (Reuters) - Telecom Italia Media said on Monday it had signed a non-binding term sheet with publisher L'Espresso to pave the way for a tie-up of their digital broadcasting activities. In a statement, Telecom Italia Media said its board had decided to continue talks to reach a final agreement. The operation would generate industrial synergies and create a company with five national bandwidth assets controlled by Telecom Italia Media, it said. Telecom Italia Media is controlled by Telecom Italia . (Reporting by Danilo Masoni, editing by Stephen Jewkes)