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Vivendi denies plan to sell TIM stake to reach Mediaset deal

Friday 20 January 2017 | 10:35 CET | News
Vivendi has denied a Bloomberg report that it's prepared to sell its 24 percent stake in Telecom Italia to pursue its ambition to create a southern European media giant with Mediaset. Unnamed sources cited in the report said Vivendi was open to selling the Telecom Italia holding, valued at around EUR 3.03 billion, to ease Italian regulators' concerns over the French media company's influence in the country. However, a Vivendi spokesman subsequently said it wasn't the company's intention to sell its Telecom Italia stake and that it remained a long-term shareholder of the Italian operator.

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