December 15, 2016 / 12:34 PM / 7 months ago

Telecom Italia says has nothing to do with Mediaset-Vivendi standoff

1 Min Read

MILAN, Dec 15 (Reuters) - Telecom Italia is playing no role in a stand-off between French group Vivendi and Italian broadcaster Mediaset, the phone group's Chairman Giuseppe Recchi said on Thursday.

Vivendi, which is Telecom Italia's top shareholder, has built a 20 percent stake in Mediaset in just three days in a hostile raid that has drawn the ire of the Italian government.

Recchi said his group had "nothing to do" with the stake-building, "neither directly nor indirectly."

"We are totally extraneous," he said.

Reporting by Giulia Segreti

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