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General

Vivendi not facilitating Telecom Italia-Orange merger - CEO

Wednesday 20 January 2016 | 08:41 CET | News
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Telecom Italia's leading shareholder Vivendi has no intention of helping French rival Orange to merge with the Italian operator, according to the French media group's CEO Arnaud de Puyfontaine. "We are industrial and long term investors. We are in Italy to realize an ambitious project along with other shareholders, stakeholders and the government," said the Vivendi CEO, according to Reuters. De Puyfontaine was speaking to reporters after being summoned by the Italian Senate in Rome to clarify continued speculation that Vivendi could eventually sell its 21.39 percent stake to Orange.

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