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General

EC to take 90 more days to rule on Vivendi-TIM case – report

Friday 26 May 2017 | 09:01 CET | News
European Commission antitrust regulators could postpone a decision on the extent of Vivendi's control over Telecom Italia (TIM) for a further 90 days beyond the current 30 May deadline, reports business daily Il Sole 24 Ore. The French company is Telecom Italia's top shareholder with a 24 percent stake and is attempting to gain the EU's approval to take over control of the Italian operator. Vivendi has reportedly informed the regulators that it's willing to divest TIM's 70 percent stake in broadcasting company Persidera to address its competition concerns but is not prepared to make any

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