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General

Vivendi to announce imminent Telecom Italia deal - report

Monday 22 June 2015 | 08:32 CET | News
French media conglomerate Vivendi is expected to announce an imminent deal that will see it increase its stake in Telecom Italia to 14.9 percent and secure two board seats, according to an unnamed source cited by Reuters. The announcement could be made by 23 or 24 June, the source said. Vivendi is keen on consolidating its position as Telecom Italia's largest shareholder beyond the 8.3 percent it will receive from Telefonica as part-payment for its Brazilian broadband unit GVT and last week sources reported that the French company is planning to increase its stake to 10-15 percent. However, a

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Categories: General
Companies: GVT / Telecom Italia / Telefonica / Vivendi
Countries: Italy
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