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Italian court to rule after summer on Vivendi's appeal over TIM - Mediaset

Reuters  |  MILAN 

MILAN (Reuters) - An Italian court will likely decide after the summer whether French media group Vivendi needs to reduce its stake in Telecom Italia or Mediaset to prevent a concentration of power, two legal sources said on Wednesday.Last year, the national communications authority (AGCOM) ordered Vivendi to cut its stake in one of the two companies within a year, ruling it was in breach of rules designed to prevent a concentration of power. Vivendi, which aims to build a media empire in southern Europe, is the biggest single shareholder in Telecom Italia with a 24 percent stake and had ...

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First Published: Wed, July 04 2018. 20:53 IST