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General

Vivendi ready to cap Mediaset voting rights - report

Friday 9 June 2017 | 09:13 CET | News
French media giant Vivendi is preparing to cap its voting rights in Italian commercial broadcaster Mediaset to comply with an order from communications regulator Agcom, according to an unnamed source cited by Reuters. In April the watchdog told Vivendi to reduce its stake in Telecom Italia or Mediaset within 12 months or face a fine equivalent to between 2 and 5 percent of its revenues. The French company has until 18 June to submit a detailed plan of action to Agcom but also plans to lodge an appeal against the ruling before that date, said the source. In the meantime, Vivendi will freeze

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