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Italy: Watchdog gives Vivendi a year to cut stake in Telecom Italia

By  |  April 18, 2017

AGCOM said on Tuesday France’s Vivendi had one year to cut its stake in either Telecom Italia or broadcaster Mediaset to comply with Italian antitrust regulations.

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    It added that the French media group needed to present the watchdog with a “specific plan of action” within 60 days.

    AGCOM opened an investigation into the French media company on December 21, after Mediaset filed a complaint over Vivendi’s rapid accumulation of a 28.8 percent stake.

    The regulator has looked into Vivendi’s shareholdings, which also include a 24 percent share in former phone monopolist Telecom Italia.

    Full Content: Reuters

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