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General

Italian govt starts process to fine Vivendi over TIM control

Friday 29 September 2017 | 10:01 CET | News
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An Italian government panel has initiated the process that could lead to French media group Vivendi being fined for failing to notify Rome that it had de facto control over Telecom Italia (TIM), according to a government source cited by Reuters. The panel has "launched the process for the possible application of the fine," said the source, without specifying an amount. An earlier report indicated that the French company may be fined up to EUR 300 million for its alleged breach of an obligation to notify the government of its effective control of TIM.

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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