Vivendi could face TIM fine of up to EUR300m

25 Sep 2017

The Italian government is considering handing a fine to French firm Vivendi for failing to notify authorities when it took control at Telecom Italia, which trades as TIM. According to a report from Reuters, the government penalty is expected to be less than EUR300 million (USD359 million). Earlier this month Italy’s markets regulator Consob ruled that Vivendi does have de facto control of TIM, having built up a 24% stake in the operator in 2015, although Vivendi and TIM both deny that the French firm is in a controlling position.

Italy, Telecom Italia (TIM), Vivendi