Italy, Vivendi seek entente on single network, despite Mediaset tussle: sources

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Italy and France's Vivendi are trying to work together on Rome's plan for a national broadband network, easing tensions after the media giant ...

Italy and France's Vivendi are trying to work together on Rome's plan for a national broadband network, easing tensions after the media giant complained about an Italian bill potentially curbing its business in the country, sources said.

The sources said government officials also reassured the French group that Rome will not try to dilute its presence on the board of former phone monopoly Telecom Italia when a slate backed by state lender CDP is presented next year.The slate is expected to be presented by the outgoing board, the two sources close to the matter added.

Given the size of its stake, Vivendi's support could be crucial in approving any decision of an extraordinary nature at TIM's shareholder meeting.

 

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