Vivendi denies it is considering selling Telecom Italia stake (translated)
20 JAN 2017
Vivendi [EPA:VIV] has denied press rumours that it plans to sell its 24% stake in Telecom Italia [BIT:TIT], Italian- language daily Milano Finanza reported. The report cited a Vivendi spokesperson who described the holding in TI as a long-term investment.
The report noted that the spokesperson was responding to newswire claims that Vivendi was considering selling the stake so that it could focus on Mediaset [BIT:MS], in which Vivendi holds a stake of just under 30%.
The item said that by selling the stake Vivendi would remove regulatory obstacles impeding a bid on Mediaset.