FILE PHOTO: French media giant Vivendi's logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, August 12, 2020. REUTERS/Charles Platiau/File Photo
MILAN (Reuters) -Telecom Italia's top investor Vivendi said it intended to stay in the group for the long haul, signalling to KKR it could hamper the U.S. fund's takeover plans for the Italian phone company.
Vivendi has criticised KKR's 10.8 billion euro ($12 billion) non-binding, cash proposal for Telecom Italia (TIM), saying it does not adequately value Italy's former phone monopoly.
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