Vivendi acquisition of Mediaset stake could be blocked by communications regulator
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Agcom, Italy's communications regulator could block the acquisition of a stake in Mediaset [BIT:MS] Vivendi [EPA:VIV], according to a press release by the regulator.
Agcom noted that a company holding over 40% of the Italian telecommunications market is by law prohibited to control television, radio or publishing companies holding more than 10% of the market in terms of revenues.
Agcom noted that Telecom Italia [BIT:TIT], of which Vivendi is the largest shareholder with a 24.68% stake, according to 2015 date held 44.7% of the telecommunications market while Mediaset held 13.3% of the TV, the radio and the publishing market.
Agcom noted any operation aimed at taking control of both TI and Mediaset could be vetoed.