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Telecom Italia ruling plays into Rome's hand in Vivendi row

Reuters  |  PARIS/MILAN 

By Gwenaëlle Barzic, Stefano Rebaudo and Stephen JewkesPARIS/MILAN (Reuters) - An Italian watchdog ruling that Vivendi has de facto control of Telecom Italia has strengthened Rome's hand as it considers using special powers that could trigger asset sales.Billionaire Vincent Bollore's Vivendi, which owns 24 percent of Telecom Italia (TIM) and controls two-thirds of its board, denies it controls the former monopoly. Vivendi's influence in Italy came under close political and regulatory scrutiny after it became No. 2 shareholder in Italy's biggest private broadcaster Mediaset with a 29 percent ...

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First Published: Thu, September 14 2017. 20:20 IST