Dear Shareholders,
2016 was a year in which Rai Way strengthened its position in the Italian broadcast and mobile communication infrastructure sector. A number of activities were performed during the year from a technological, commercial and operational standpoint.

The new optic fiber network was completed during the first few months as part of a transmission network development project designed to satisfy the new requirements of the Company's main customer, Rai, following the digitalization of the production facilities and the need to transport an increasingly high number of HD contents (news, sport, fiction, etc.). In addition, Rai Way reconfigured and enriched its broadcasting services in 2016, supporting Rai in the launch of the HD version of Rai 1, Rai 2 and Rai 3 channels on digital terrestrial and initiating activities for transmitting the entire Rai's offer on the satellite platform in HD.