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TI.A - Telecom Italia SpA News Story

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Last Trade - 05/07/19

Large Cap
Market Cap £9.80bn
Enterprise Value £33.02bn
Revenue £13.69bn
Position in Universe th / 6850

Italy EconMin held call with Vivendi CEO over media draft law - source

Fri 20th November, 2020 9:41am
ROME, Nov 20 (Reuters) - Italy's Economy Minister Roberto
Gualtieri held a phone call on Monday with Vivendi CEO Arnaud de
Puyfontaine over the draft law potentially curbing the French
media group's business in the Italian market, a source close to
the matter told Reuters.
    Vivendi  VIV.PA  last week said Italy was ready to lodge a
formal complaint with the European Commission over the bill,
according to a letter seen by Reuters.*:nL8N2I23YT
    The source said Gualtieri had told de Puyfontaine the draft
legislation was a temporary measure ahead of new media
regulation, adding the call was "friendly and constructive".
    Vivendi was not immediately available to comment.
    The Paris-based group, controlled by billionaire Vincent
Bollore, is a key player in Italy holding a 24% stake in former
phone monopolist Telecom Italia  TLIT.MI  and 29% of top
commercial broadcaster Mediaset  MS.MI 

 (Reporting by Giuseppe Fonte, editing by Giselda Vagnoni and
Stephen Jewkes)
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