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General

Rome court annuls TIM's EUR 74 mln fine over Vivendi control

Tuesday 15 December 2020 | 09:22 CET | News
Italy's Council of State, the country's top administrative court, has annulled a EUR 74.3 million fine imposed on Telecom Italia (TIM) for flouting golden power rules, reports Reuters. TIM was handed the fine by market regulator Consob back in 2017 for failing to notify the prime minister's office that French media group Vivendi, its top shareholder, had taken over de facto control of what the government viewed as a strategic national asset. The fine was subsequently suspended while the court looked into the matter.

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