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General

Italy ready to use special powers on TIM - minister

Monday 18 September 2017 | 08:30 CET | News
The Italian government is preparing to apply the so-called 'golden power' rule of 2012 to veto any changes in control or ownership of strategic companies, reports Reuters, citing industry minister Carlo Calenda. Without expressly mentioning the growing influence of France's Vivendi over former incumbent Telecom Italia (TIM), the minister announced at a conference that "Italy has to have the ability to be assertive when it needs to defend its own assets," adding that "this will be valid when we finally apply for the first time the golden power." Last month Calenda requested clarification as to

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