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General

Vivendi offers to sell TIM unit in EU antitrust probe-report

Monday 15 May 2017 | 08:29 CET | News
Vivendi has informed the European Commission that it's willing to divest Telecom Italia's 70 percent stake in broadcasting company Persidera to address competition concerns, according to a document seen by Reuters. The French company is Telecom Italia's top shareholder with a 24 percent stake is attempting to gain the EU's approval to take over control of the Italian operator. However, Vivendi may have to make even more concessions to regulators to gain control after rivals complained that Vivendi's concession did not address their concerns, according to an unnamed source cited in the report.

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