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General

Vivendi writes off EUR 512 mln of Telecom Italia stake

Tuesday 31 July 2018 | 08:58 CET | News
French media group Vivendi said it wrote off EUR 512 million on its stake in Telecom Italia (TIM) due to what it described as risks linked to execution of the operator's 2018-20 'DigiTIM' strategic plan. The French company, which is TIM's leading shareholder via a 24 percent stake, said the decision was taken in view of its "lower power to participate in Telecom Italia's financial and operating policy decisions."

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