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General

Vivendi may back TIM-Open Fiber network merger if conditions are 'fair'

Sunday 24 February 2019 | 16:58 CET | News
French media giant Vivendi, the main shareholder of Telecom Italia (TIM), said it's prepared to support a proposed merger of the fixed-line networks of TIM and wholesale rival Open Fiber if the conditions are right. "Vivendi believes that Telecom Italia's fixed network is core to its value creation," said Vivendi in a document seen by Bloomberg, adding that it is "ready to support a merger of Open Fiber with TIM if the conditions are right and fair from an operational, financial and regulatory standpoint" and overseen by a board controlled by independent directors.

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Categories: General
Companies: Open Fiber / Telecom Italia / TIM / Vivendi
Countries: Italy
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