Tight grip: Bollore views Telecom Italia as a financial investment and he will ultimately want to influence its strategy and initiate changes, according to people familiar with his plans. – AFP
MILAN: Vivendi SA increased its stake in Telecom Italia SpA for the second time in a month, giving French billionaire Vincent Bollore more clout in shaping the carrier’s strategy and negotiating deals to distribute the French media company’s offerings in southern Europe.
Paris-based Vivendi raised its holding to 19.88% on Oct. 5, from 15.5%, according to a filing with the US Securities and Exchange Commission.
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