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General

Vivendi could raise Telecom Italia stake to 20% - report

Wednesday 16 September 2015 | 10:51 CET | News
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French media giant Vivendi could further increase its stake in Telecom Italia from just under 15.5 percent to around 20 percent of the capital, according to unnamed sources cited in French daily Les Echos. On 04 September Vivendi raised its stake in the Italian operator to 15.486 percent from the previous 14.9 percent, according to a filing with Italian market regulator Consob. Vivendi's move could be a way of strengthening its position in Telecom Italia ahead of a possible conversion of non-voting saving shares into common stock, added the report.

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