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General

Vivendi has strong influence at Telecom Italia - auditors

Wednesday 29 March 2017 | 08:39 CET | News
Telecom Italia's auditors have revealed that top shareholder Vivendi is in a position to influence other board members even without de-facto control of the company. In a statement, Telecom Italia said the audit of decisions taken since 2015 had taken place at the request of markets regulator Consob, which is concerned that Vivendi's stake-building in companies of national interest such as Telecom Italia and Mediaset could contravene antitrust rules. The French company currently has a 24 percent stake in TIM valued at around EUR 3.03 billion and has since built up a near 30 percent stake in

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