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General

EC approves Vivendi control over TIM if Persidera unit sold

Wednesday 31 May 2017 | 08:36 CET | News
European Commission antitrust regulators have finally given their approval to Vivendi's plan to take over control of Telecom Italia (TIM) after the French media giant pledged to sell the Italian operator's majority stake in broadcasting company Persidera. Vivendi is TIM's top shareholder with a 24 percent stake and earlier this month narrowly secured two-thirds control of the operator's board. It also took a near 30 percent stake in Italian broadcaster Mediaset earlier this year, prompting the EC investigation into the possibility it may end up charging TV channels more for wholesale access

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Categories: General
Companies: Agcom / European Commission / Mediaset / Telecom Italia / TIM / Vivendi
Countries: Italy
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