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General

Niel ups Telecom Italia stake to 15.1%

Friday 30 October 2015 | 09:06 CET | News
French billionaire Xavier Niel, founder of internet provider Iliad, has increased his holding in Telecom Italia to the equivalent of a 15.1 percent voting stake, according to a filing with Italian markets regulator Consob. Just a day after it emerged that Niel had an 11.2 percent holding in the Italian company, the latest Consob filing indicates that on 27 October the stake was increased to 15.1 percent via call option contracts and other long positions. Niel is now the second-largest shareholder in Telecom Italia behind French media conglomerate Vivendi, led by another French billionaire,

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