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Italy govt meeting on Vivendi's control of Telecom Italia postponed to Tuesday -sources
September 25, 2017 / 1:29 PM / in 22 days

Italy govt meeting on Vivendi's control of Telecom Italia postponed to Tuesday -sources

FILE PHOTO: The Vivendi logo at the company's headquarters in Paris, France, March 10, 2016. REUTERS/Charles Platiau/File Photo

ROME (Reuters) - A meeting of Italian government officials to discuss whether to sanction Vivendi (VIV.PA) on the grounds that it failed to notify Rome of its effective control of Telecom Italia (TLIT.MI) has been postponed to Tuesday, two sources close to the matter said.

The government committee had previously been due to meet and possibly take a decision on the matter on Monday.

French media group Vivendi, which is Telecom Italia’s (TIM‘s) biggest shareholder with a 24 percent stake, has repeatedly denied controlling Italy’s biggest phone group.

A source told Reuters on Friday that Italy was set to fine Vivendi with a penalty of less than 300 million euros (263.62 million pounds).

Reporting by Alberto Sisto and Francesca Piscioneri, writing by Agnieszka Flak

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