Vivendi is the biggest single shareholder in Telecom Italia, with 24%, and also holds a 29.9% voting stake in Mediaset. — Reuters
MILAN: French media group Vivendi could avoid having to sell a 20% stake in Mediaset by placing it into a blind trust, a source at Italy's communications watchdog AGCOM said on Aug 2.
AGCOM said in April that Vivendi's stake-building at both broadcaster Mediaset and phone group Telecom Italia was in breach of rules designed to prevent a concentration of power in the country's telecoms and media sector. It told the French group to reduce its stake in one of the two companies to below 10%.
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