Posted: Mon., Apr. 30, 2001

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Crown Castle inks for Italo RaiWay

World Brief

U.S.-owned Crown Castle Intl. has inked a deal with pubcaster RAI to take a 49% stake in RaiWay, the unit that controls RAI's transmission network. The stake is worth $350 million.

Newly appointed RAI director general Claudio Cappon said the revenues from the Crown Castle deal will be used to develop digital broadcasting, increase production and launch multimedia services.

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