0
General

Italian govt prepared to fine Vivendi up to EUR 300 mln - report

Monday 25 September 2017 | 08:56 CET | News
The Italian government is ready to fine Vivendi up to EUR 300 million for the French company's failure to notify the prime minister's office that it had taken over de facto control over Telecom Italia (TIM), according to an unnamed source cited by Reuters. Officials are due to meet on 25 September to discuss the sanction and are expected to announce Vivendi's failure to meet its legal obligations after Italian markets watchdog Consob ruled that the media giant does indeed have "de facto control" of TIM via a 24 percent stake and two-thirds of the company's board, a view both companies deny.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

TIM denies reports of EUR 74 mln government fine

Published 09 May 2018 10:07 CET | Italy
Telecom Italia (TIM) has denied reports in the Italian media that the government has fined it a total of EUR 74.3 million for ...

Vivendi lodges appeal against TIM 'golden power' decree – report

Published 14 Feb 2018 09:19 CET | Italy
France's Vivendi has lodged an appeal before Italy's head of state against the government's decision to activate the so-called ...

Italian govt to decide on possible TIM fine by 04 March

Published 29 Jan 2018 14:00 CET | Italy
The Italian government will decide on whether or not to fine Telecom Italia (TIM) up to EUR 300 million for flouting golden power ...

TIM 'concurs' with Italian cabinet's special powers decree

Published 03 Nov 2017 08:31 CET | Italy
Telecom Italia (TIM) has announced that it received notification of the Italian cabinet's approval of the so-called "golden ...

TIM won't appeal against government's 'golden power' decree

Published 23 Oct 2017 13:34 CET | Italy
Neither Telecom Italia (TIM) nor its leading shareholder Vivendi intend to lodge an appeal against the Italian government's move ...

'Spin off and list' TIM's fixed network - minister

Published 20 Oct 2017 15:49 CET | Italy
Italy's industry minister Carlo Calenda has again weighed in on the row over the fixed copper network of Telecom Italia (TIM), ...

Italy applies special powers on TIM to scale back Vivendi influence

Published 17 Oct 2017 08:43 CET | Italy
The Italian government has notified Telecom Italia (TIM) that Prime Minister Paolo Gentiloni signed a decree activating the ...

TIM said it notified Italian govt of ownership changes

Published 13 Oct 2017 09:22 CET | Italy
Telecom Italia (TIM) has announced that it notified the Italian government of changes in its ownership in accordance with the ...

Italy's CDP could invest in Telecom Italia if asked to do so - chairman

Published 04 Oct 2017 08:40 CET | Italy
Italian state lender Cassa Depositi e Prestiti (CDP) is prepared to invest in Telecom Italia (TIM) if asked to do so by the ...

Italy to decide whether to use special powers on TIM by end-Oct

Published 02 Oct 2017 08:44 CET | Italy
The Italian government will decide whether to use its special powers on Telecom Italia (TIM) by the end of October, said industry ...

Italian govt starts process to fine Vivendi over TIM control

Published 29 Sep 2017 10:01 CET | Italy
An Italian government panel has initiated the process that could lead to French media group Vivendi being fined for failing to ...

Telecom Italia appoints general manager Genish as new CEO

Published 29 Sep 2017 08:38 CET | Italy
Telecom Italia (TIM) has appointed Amos Genish as its new Chief Executive Officer two months after he was named general manager ...

Telecom Italia poised to name Genish as new CEO - report

Published 28 Sep 2017 08:38 CET | Italy
Telecom Italia (TIM) is set to appoint Amos Genish as its new Chief Executive Officer to replace Flavio Cattaneo, according to ...

Italian govt postpones Vivendi-TIM meeting until 28 Sept

Published 26 Sep 2017 15:42 CET | Italy
The Italian government has postponed a meeting over Vivendi's failure to notify the prime minister's office that it had taken ...

TIM's board confirms appeal against Consob ruling

Published 20 Sep 2017 09:14 CET | Italy
Telecom Italia (TIM) has announced that its board of directors met on 19 September to confirm its support for a decision to lodge ...

Italy ready to use special powers on TIM - minister

Published 18 Sep 2017 08:30 CET | Italy
The Italian government is preparing to apply the so-called 'golden power' rule of 2012 to veto any changes in control or ...

Vivendi submits new Mediaset plan to Italy's Agcom

Published 14 Sep 2017 09:52 CET | Italy
Italian communications regulator Agcom has acknowledged a new plan by French media giant Vivendi to reduce its influence in ...

Italian watchdog rules Vivendi has 'de facto control' of TIM

Published 14 Sep 2017 08:34 CET | Italy
Italian markets watchdog Consob has ruled that French media giant Vivendi has de facto control of Telecom Italia (TIM), a ...

TIM to have 80% control of Canal Plus joint venture - report

Published 08 Sep 2017 10:47 CET | Italy
Telecom Italia (TIM) will have 80 percent of the capital of the planned broadcasting joint venture with Vivendi's pay-TV channel ...

Sparkle 'not a taboo subject' - TIM deputy chairman

Published 04 Sep 2017 15:18 CET | Italy
A possible sale of Telecom Italia's international wholesale unit Sparkle is up for discussion with the company prepared to listen ...

Italian govt could force TIM to sell Sparkle and Telsy units - report

Published 28 Aug 2017 08:30 CET | Italy
The Italian government could force Telecom Italia (TIM) to sell its strategic Sparkle and Telsy units due to the increasing ...

Vivendi denies having 'de facto control' of Telecom Italia

Published 08 Aug 2017 08:30 CET | Italy
French media giant Vivendi has announced that it has yet to exercise de facto control over Telecom Italia (TIM) even though it ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan KPN Q4 2019
29 Jan Elisa Q4 results
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan NTT Docomo fiscal Q3
30 Jan Verizon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan Amazon Q4 2019
30 Jan The Things Conference
30 Jan FCC meeting
31 Jan Charter Q4 2019
::: More Calendar Items