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General

Iliad founder Niel buys 11% stake in Telecom Italia

Thursday 29 October 2015 | 15:29 CET | News
French billionaire Xavier Niel, founder of internet provider Iliad, has acquired the equivalent of an 11.2 percent voting stake in Telecom Italia, according to a filing with Italian markets regulator Consob. The development comes just a few days after French media conglomerate Vivendi, led by fellow billionaire Vincent Bollore, boosted its stake in Telecom Italia to just over 20 percent of the company's ordinary shares. Niel acquired a stake of around 6 percent via a personal investment company and an additional 5 percent through derivatives, according to unnamed sources cited by

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Categories: General
Companies: Iliad / Telecom Italia / Vivendi
Countries: France / Italy
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