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TIM confirms transfer of Persidera stake to trust, retains sale control

Monday 5 March 2018 | 08:59 CET | News
Telecom Italia (TIM) has announced that it has indeed transferred its majority stake in broadcasting unit Persidera to a trust, confirming recent reports, but was keen to stress that the move did not affect its control over the ongoing sale process. In response to reports that TIM had transferred its stake to the French trust Advolis to meet the timeline agreed with EU anti-trust authorities, the operator said "the conferment to Advolis S.A. of a proxy to act in the sale ... has not determined any transfer of said stake, over which TIM retains full and exclusive ownership."

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Categories: Broadcast & Satellite
Companies: RAI / Telecom Italia / TIM / Vivendi
Countries: Italy
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