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TIM transfers Persidera stake into blind trust - report

Friday 2 March 2018 | 14:10 CET | News
Telecom Italia (TIM) and controlling shareholder Vivendi have decided to temporarily put on hold the sale of broadcasting unit Persidera and transfer TIM's 70 percent stake in the unit into a blind trust, reports La Repubblica. The move is a temporary solution that allows TIM to meet the European Commission's antitrust ultimatum to divest the stake, said the report. In February 2017, the EC gave its conditional approval to Vivendi's plan to gain de facto control of TIM after the French company pledged to sell the Italian operator's stake in Persidera within 12 months.

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