Vivendi hopes Persidera deal will ease competition fears

15 May 2017

Vivendi, the French media and communications group which controls 24% of Telecom Italia, is willing to divest the Italian firm’s 70% interest in broadcasting services firm Persidera in order to help address competition concerns in Italy, according to a report from Reuters. Vivendi has been told by Italian regulators to reduce its influence at either Telecom Italia or Italian pay-TV firm Mediaset. Keen to retain its stakes in both companies, Vivendi is hoping the Persidera sale would appease competition authorities, though a source cited by Reuters says the move may not be enough. There are fears that the telco could bundle its own products with pay-TV offers from Mediaset to give it an unfair advantage in Italy’s multi-play sector.

Italy, Telecom Italia (TIM), Vivendi