Watch­dog: Vivendi controls Tele­com Italia

The Phnom Penh Post - - BUSINESS -

TALY’S mar­kets watch­dog said on Wed­nes­day that French me­dia group Vivendi had “de facto con­trol” over Tele­com Italia but the Ital­ian op­er­a­tor said it would con­test the de­ci­sion. Vivendi’s role in Italy’s telecom­mu­ni­ca­tions sec­tor has come un­der grow­ing scru­tiny since the com­pany built up a stake of 23.94 per­cent in Tele­com Italia and took 28.8 per­cent of the coun­try’s big­gest com­mer­cial broad­caster, Me­di­aset. If Vivendi is found guilty of fail­ing to have no­ti­fied the Ital­ian au­thor­i­ties of its con­trol of Tele­com Italia, it risks a min­i­mum fine of €300 mil­lion ($356 mil­lion).

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