0
General

Vivendi's Telecom Italia stake below 22% after conversion

Monday 14 November 2016 | 15:33 CET | News
The controlling stake in Telecom Italia held by French media conglomerate Vivendi will fall from 24.6 percent to just under 22 percent when the Italian operator's proceeds with the mandatory conversion of a bond due this year, reports news agency Ansa. Telecom Italia will convert a EUR 1.3 billion guaranteed subordinated mandatory convertible bond into 1.7 billion newly-issued ordinary shares on 15 November. The French media giant remains the operator's largest shareholder and its CEO Arnaud de Puyfontaine confirmed last week that the group intended to be a long-term investor in Telecom

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: Telecom Italia / 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

Vivendi buys more TIM shares to increase stake to 23.15%

Published 23 Nov 2016 10:44 CET | Italy
French media conglomerate Vivendi has announced the purchase of further ordinary shares in Telecom Italia (TIM) following the ...

Vivendi issues EUR 600 million bond

Published 18 Nov 2016 10:21 CET | World
Vivendi has announced a EUR 600 million bond issue placed with institutional investors. The 7-year fixed-rate bond, which was ...

TIM converts EUR 1.3 bln bond into 1.7 bln new shares

Published 14 Nov 2016 08:32 CET | Italy
TIM (Telecom Italia) has announced that on 15 November a EUR 1.3 billion guaranteed subordinated mandatory convertible bond due ...

Vivendi Q3 revenue and EBITA rise, driven by Universal Music

Published 10 Nov 2016 11:16 CET | World
Vivendi's third quarter performance recovered after a disappointing second quarter, returning to positive revenue growth and ...

Merrill Lynch ups Telecom Italia stake above 5.5%

Published 04 Nov 2016 10:40 CET | Italy
Bank of America Merrill Lynch has increased its stake in Telecom Italia (TIM) above 5.5 percent, reports Il Giornale, citing a ...

Iliad owner Niel sells off all Telecom Italia holdings

Published 28 Jul 2016 08:46 CET | Italy
French businessman Xavier Niel, the largest shareholder in forthcoming Italian mobile operator Iliad, has divested all his shares ...

Vivendi cuts Telecom Italia stake to 24.68%

Published 12 May 2016 14:41 CET | Italy
French media conglomerate Vivendi has reduced its stake in Telecom Italia to 24.68 percent, reports Reuters, citing an SEC filing ...

Vivendi CEO confirms long-term commitment to Telecom Italia

Published 21 Apr 2016 15:06 CET | Italy
Vivendi CEO Arnaud de Puyfontaine has reiterated the French media group's commitment to Telecom Italia at Vivendi's annual ...





Calendar   /   Industry Events

26 Nov Telekom Malaysia Q3 2020
26 Nov Megafon Q3 2020
27 Nov Axiata Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
03 Dec LoRaWAN World Expo
::: More Calendar Items