0
General

Vivendi ordered to cut Mediaset or TIM stake within 1 year

Wednesday 19 April 2017 | 08:35 CET | News
Italian communications regulator Agcom has ordered French media giant Vivendi to reduce its stake in Telecom Italia (TIM) or broadcaster Mediaset within 12 months on the grounds that it's infringing anti-trust rules intended to prevent a concentration of power in the country's communications sector. In a long-awaited ruling, Agcom said Vivendi was in breach of article 43 of legislative decree no. 177 of 31 July 2005, known as the Gasparri Law, which could have an adverse effect "on the existing level of competition in the markets involved and on the degree of pluralism in the media system".

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Italy's Agcom refers decision on Vivendi's Mediaset stake to Lazio court

Published 24 Sep 2020 13:56 CET | Italy
Italy's communication regulator Agcom confirmed that it intends to refer a decision on the restrictions it imposed on France's ...

Italy's Agcom delays decision on Vivendi's Mediaset stake - report

Published 17 Sep 2020 09:14 CET | Italy
Italy's communication regulator Agcom needs more time to complete a review of a decision it made back in 2018 requiring France's ...

Italian court sets 16 December date for Vivendi-Mediaset hearing - report

Published 08 Sep 2020 09:37 CET | Italy
An Italian administrative court will hold a hearing on Vivendi's request to annul a ruling by the country's communications ...

ECJ declares Italy freeze on Vivendi's Mediaset stake unlawful

Published 04 Sep 2020 11:38 CET | Italy
The EU court of justice has ruled that the Italian law requiring French media giant Vivendi to freeze its stake in broadcaster ...

Court dismisses Vivendi appeal against Agcom ruling

Published 22 Jul 2020 15:18 CET | Italy
The Regional Administrative Court of Lazio, the main Italian administrative court of first instance, has dismissed Vivendi's ...

Vivendi lodges new appeals against Agcom ruling

Published 06 Jul 2020 10:10 CET | Italy
Vivendi has filed a new court action at the Regional Administrative Court of Lazio requesting the suspension of decisions issued ...

Mediaset bars Vivendi holding from AGM, receives interest in MFE project

Published 29 Jun 2020 09:30 CET | Italy
Mediaset has once again prevented the trust that holds the majority of Vivendi's stake in the Italian broadcaster to vote at its ...

Vivendi withdraws petition to suspend freeze on Mediaset holding

Published 15 Jan 2020 09:36 CET | Italy
Vivendi has withdrawn its request to suspend a ruling by communications regulator Agcom requiring it to freeze two-thirds of its ...

Italy's freeze on Vivendi's Mediaset stake unlawful, says EU court advocate

Published 19 Dec 2019 14:45 CET | Italy
An Italian law requiring Vivendi to freeze two-thirds of its stake in broadcaster Mediaset infringes EU rules, according to the ...

Vivendi prepared to sell part of Mediaset stake at a loss - report

Published 22 Nov 2019 09:50 CET | Italy
French media giant Vivendi is ready to sell part of its 28.8 percent stake in Mediaset at a loss to end a longstanding legal ...

Vivendi brings court action against Mediaset's European merger plan

Published 27 Aug 2019 11:05 CET | Italy
Vivendi announced that it has brought a court action against the plans of Italian broadcaster Mediaset to create the ...

Mediaset accuses Vivendi of discrediting Dutch holding company plan

Published 22 Aug 2019 15:57 CET | Italy
Mediaset has filed a complaint with Italy's market regulator Consob accusing shareholder Vivendi of leaking information with a ...

Mediaset may exclude Vivendi from voting at new Dutch holding company

Published 20 Jun 2019 09:54 CET | Italy
Mediaset may exclude hostile shareholder Vivendi from voting at the shareholder meetings of a new Netherlands-based TV company ...

Vivendi threatens to challenge Mediaset's decision to refuse voting rights

Published 19 Apr 2019 09:17 CET | Italy
The board of directors of Mediaset approved a resolution on 18 April opposing the request by Vivendi and the Simon Fiduciaria ...

Milan court upholds dismissal of Vivendi's Mediaset AGM appeal

Published 28 Jan 2019 14:47 CET | Italy
Italian broadcaster Mediaset has announced that a Milan court upheld an earlier decision that dismissed an attempt to block two ...

Vivendi's Mediaset trust fails in bid to suspend AGM decisions

Published 28 Nov 2018 08:52 CET | Italy
Italian broadcaster Mediaset has announced that a Milan court has dismissed a request to suspend two resolutions passed at its ...

Vivendi's appeal over TIM-Mediaset stakes referred to ECJ

Published 06 Nov 2018 14:23 CET | Italy
The Regional Administrative Court of Lazio, the main Italian administrative court of first instance, has asked the European Court ...

Vivendi's Mediaset trust challenges AGM decisions

Published 29 Oct 2018 09:18 CET | Italy
The trust that holds the majority of Vivendi's stake in Mediaset has filed a legal complaint against the decision to bar it from ...

Ruling on Vivendi's appeal over TIM-Mediaset due after summer

Published 06 Jul 2018 11:42 CET | Italy
France's Vivendi will likely have to wait until after the summer for a court ruling on its appeal against an order by ...

Vivendi transfers majority of Mediaset stake into trust

Published 12 Apr 2018 08:38 CET | Italy
French media giant Vivendi has informed Italy's communications regulator Agcom that it transferred 19.19 percent of its stake in ...

Court postpones Vivendi's appeal against order to cut Mediaset or TIM stake

Published 22 Jan 2018 08:43 CET | Italy
An Italian regional court has announced its intention to postpone the initial hearing of an appeal filed by France's Vivendi ...

TIM content deal could settle Vivendi case – Mediaset CEO

Published 11 Dec 2017 09:32 CET | Italy
The recent announcement by Telecom Italia (TIM) that it's in discussions with broadcaster Mediaset over a new and comprehensive ...

Vivendi ready to pay compensation to settle Mediaset case - report

Published 11 Oct 2017 08:55 CET | Italy
French media giant Vivendi has offered to pay compensation to Italian commercial broadcaster Mediaset to resolve a long-running ...

Police raid Vivendi's Paris HQ in Mediaset probe

Published 06 Oct 2017 08:39 CET | France
French media giant Vivendi revealed that police raided its headquarters on 05 October as part of a probe into alleged stock ...

Vivendi submits new Mediaset plan to Italy's Agcom

Published 14 Sep 2017 09:52 CET | Italy
Italian communications regulator Agcom has acknowledged a new plan by French media giant Vivendi to reduce its influence in ...

Vivendi close to agreeing deal to cut stake in Italy's Mediaset - report

Published 08 Sep 2017 10:33 CET | Italy
French media giant Vivendi is nearing a preliminary deal with Italy's communications regulator Agcom on reducing its stake in ...

Vivendi to invite Mediaset to join planned TIM-Canal Plus JV - report

Published 06 Sep 2017 09:59 CET | Italy
French media giant Vivendi may invite Italian broadcaster Mediaset to take part in a planned joint venture between Telecom Italia ...

Mediaset raises Vivendi damages claim to EUR 3 bln

Published 04 Sep 2017 09:14 CET | Italy
Italian commercial broadcaster Mediaset filed a new complaint in June seeking damages of EUR 3 billion from French media giant ...

Agcom may block planned TIM-Canal Plus JV - report

Published 09 Aug 2017 14:40 CET | Italy
A planned joint venture between TIM and Vivendi's pay-TV unit Canal+ may be blocked by Italian communications watchdog Agcom, ...

Vivendi amends plan to cut Mediaset voting rights

Published 02 Aug 2017 08:32 CET | Italy
Italian communications regulator Agcom announced that French media giant Vivendi has submitted a series of unspecified amendments ...

Vivendi preparing Italian version of Canal Plus with TIM - report

Published 25 Jul 2017 15:32 CET | Italy
French media giant Vivendi wants to launch an Italian version of Canal Plus and has proposed setting up a joint venture between ...

Mediaset approves share buyback, files new Vivendi claim

Published 29 Jun 2017 08:33 CET | Italy
Italian commercial broadcaster Mediaset has approved a share buyback programme at its annual shareholders meeting that is ...

Vivendi appeals against order to cut Mediaset or TIM stake

Published 20 Jun 2017 12:12 CET | Italy
French media giant Vivendi has notified all parties that it will be lodging an appeal against an antitrust ruling by ...

Vivendi may 'freeze' part of its Mediaset stake - report

Published 15 Jun 2017 11:03 CET | Italy
French media giant Vivendi may end up transferring up to 18.8 percent of its stake in Italian commercial broadcaster Mediaset ...

Vivendi ready to cap Mediaset voting rights - report

Published 09 Jun 2017 09:13 CET | Italy
French media giant Vivendi is preparing to cap its voting rights in Italian commercial broadcaster Mediaset to comply with an ...

Vivendi sets up Italy unit, ready to bid for Serie A rights

Published 06 Jun 2017 14:49 CET | Italy
The chief executive of French media giant Vivendi has announced the imminent creation of an Italian unit – Vivendi Italia SpA – ...

Vivendi CEO confirmed as new Telecom Italia chairman

Published 02 Jun 2017 08:38 CET | Italy
Telecom Italia (TIM) has announced the appointment of Vivendi's chief executive Arnaud de Puyfontaine as its new executive ...

Vivendi CEO set to be appointed TIM chairman - report

Published 01 Jun 2017 14:45 CET | Italy
Telecom Italia (TIM) is set to confirm the appointment of Vivendi's chief executive Arnaud de Puyfontaine as its chairman at its ...

Mediaset Premium launches EUR 142 mln capital hike - report

Published 31 May 2017 10:07 CET | Italy
The Premium pay-TV unit of Italian commercial broadcaster Mediaset has launched a EUR 142 million capital increase with a view to ...

EC approves Vivendi control over TIM if Persidera unit sold

Published 31 May 2017 08:36 CET | Italy
European Commission antitrust regulators have finally given their approval to Vivendi's plan to take over control of Telecom ...

EC to take 90 more days to rule on Vivendi-TIM case – report

Published 26 May 2017 09:01 CET | Italy
European Commission antitrust regulators could postpone a decision on the extent of Vivendi's control over Telecom Italia (TIM) ...

TIM board to meet a week ahead of schedule - report

Published 19 May 2017 14:09 CET | Italy
The board of Telecom Italia (TIM) is set to meet on 01 June, a week earlier than planned, to discuss a number of pending ...

Vivendi announces Havas deal, posts 30% EBITA drop in Q1

Published 12 May 2017 09:39 CET | World
Vivendi has offered to pay EUR 2.36 billion in cash to buy a 60 percent stake in advertising group Havas from Groupe Bollore. The ...

Mediaset revenues down 2.5% in Q1, triples profit

Published 10 May 2017 08:36 CET | Italy
Italian broadcaster Mediaset reported revenues of EUR 889.3 million in the first quarter, down 2.5 percent on the year-earlier ...

Vivendi secures two-thirds of Telecom Italia board

Published 05 May 2017 08:37 CET | Italy
French media giant Vivendi has succeeded in having its list of 10 candidates appointed to the 15-member board of Telecom Italia ...

Italian court dismisses TIM appeal against EUR 2 mln fine

Published 04 May 2017 10:12 CET | Italy
The Regional Administrative Court of Lazio, the main Italian administrative court of first instance, has dismissed the appeal ...

Vivendi's Italian ambition still intact - CEO

Published 26 Apr 2017 10:23 CET | Italy
The chief executive of French media giant Vivendi has reiterated that its ambition in Italy remains "intact" in spite of the ...

Vivendi wants to be 'long-term committed' TIM shareholder

Published 21 Apr 2017 15:19 CET | Italy
French media giant Vivendi has issued a statement reiterating its desire to remain "a long-term committed" shareholder of Telecom ...

Mediaset ad revenues up 2.4% in Q1

Published 20 Apr 2017 15:04 CET | Italy
Italian broadcaster Mediaset announced that its advertising revenues increased by 2.4 percent in the first quarter of 2017 ...

Aborted Premium sale cost Mediaset EUR 340 mln

Published 20 Apr 2017 09:26 CET | Italy
Italian commercial broadcaster Mediaset announced that it would have broken even in 2016 if Vivendi hadn't pulled out of a deal ...

TIM investors advised not to vote for Vivendi list

Published 20 Apr 2017 09:11 CET | Italy
Shareholders of Telecom Italia (TIM) should not to back a list of board candidates proposed by Vivendi, according to ...

Vivendi CEO de Puyfontaine tops list for TIM's board

Published 10 Apr 2017 09:45 CET | Italy
Vivendi chief executive Arnaud de Puyfontaine topped a list of board candidates the French company has put forward for Telecom ...

Vivendi admits it may control Telecom Italia - report

Published 06 Apr 2017 09:32 CET | Italy
Vivendi has told the European Commission that next month's Telecom Italia shareholder meeting may hand it de facto control of the ...

Vivendi may propose De Puyfontaine as TIM chairman - report

Published 30 Mar 2017 08:59 CET | Italy
French media giant Vivendi is considering nominating its CEO Arnaud de Puyfontaine as the next chairman of Telecom Italia (TIM), ...

Vivendi has strong influence at Telecom Italia - auditors

Published 29 Mar 2017 08:39 CET | Italy
Telecom Italia's auditors have revealed that top shareholder Vivendi is in a position to influence other board members even ...

Vivendi u-turn cost Mediaset EUR 100 mln - CEO

Published 24 Mar 2017 09:55 CET | Italy
Vivendi's decision to pull out of an agreement to acquire Mediaset's Premium pay-TV unit hit the Italian broadcaster's 2016 ...

Mediaset, Vivendi sue each other for defamation in court

Published 22 Mar 2017 08:39 CET | Italy
Vivendi has countersued Mediaset on the first day of a trial in Milan over damages caused to the Italian broadcaster by the ...

Vivendi given 'wrong' information by Mediaset - CEO

Published 20 Mar 2017 09:38 CET | Italy
Vivendi's chief executive officer has again accused Mediaset of providing "wrong" information during negotiations to resolve the ...

Vivendi advised to sell TIM stake to reach Mediaset deal

Published 02 Mar 2017 14:25 CET | Italy
Mediaset's top shareholder Fininvest could take a stake in Telecom Italia (TIM) under a plan proposed by unnamed advisors to ...

Vivendi confirms Italian probe into Mediaset stake building

Published 28 Feb 2017 09:18 CET | Italy
Vivendi has confirmed reports that its chairman Vincent Bollore and CEO chief executive Arnaud de Puyfontaine are among those ...

Vivendi's Bollore under investigation in Italy - report

Published 24 Feb 2017 10:15 CET | Italy
Prosecutors in Milan have placed Vivendi chairman Vincent Bollore under investigation for alleged market manipulation after the ...

Fininvest denies secret Mediaset deal with Vivendi

Published 30 Jan 2017 09:10 CET | Italy
Mediaset's top shareholder Fininvest has issued a brief statement denying fresh rumours that it's nearing an agreement with ...

Mediaset open to Vivendi proposal, rules out TIM deal

Published 19 Jan 2017 08:50 CET | Italy
Italian commercial broadcaster Mediaset is open to reaching an agreement with Vivendi as long as it creates growth and doesn't ...

Agcom says no decision yet in Vivendi-Mediaset investigation

Published 17 Jan 2017 11:31 CET | Italy
Italian regulator Agcom said it is still investigating Vivendi's acquisition of a stake in Mediaset. The communications regulator ...

Mediaset has 13% of Italian communications revenues - Agcom

Published 13 Jan 2017 09:20 CET | Italy
Italian commercial broadcaster Mediaset had a 13.3 percent share of revenues in the country's communications sector in 2015, ...

Italian PM says no power to act in Vivendi-Mediaset deal

Published 30 Dec 2016 10:21 CET | Italy
The Italian government is not indifferent to Vivendi building a stake in the leading Italian commercial broadcaster Mediaset, but ...

Vivendi ups Mediaset stake as govt rules out intervention

Published 23 Dec 2016 08:31 CET | Italy
French media giant Vivendi announced that it now owns 28.8 percent of Mediaset's share capital and 29.94 percent of the voting ...

Italy's Agcom to probe Vivendi's Mediaset stake building

Published 22 Dec 2016 08:38 CET | Italy
Italy's communications regulator Agcom has confirmed the launch of an investigation into Vivendi's aggressive stake building in ...

Vivendi questions Mediaset Premium value, looks to cut stake

Published 26 Jul 2016 14:02 CET | Italy
Italian broadcaster Mediaset has announced that French media giant Vivendi has backtracked on its plan to acquire 100 percent of ...