Telecom Italia (TIM) had co-opted Amos Genish onto its board and appointed him CEO.
The Italian financial regulator CONSOB has ruled that Vivendi has de-facto control of Telecom Italia (TIM).
Vivendi has decided to pursue a parallel project in pay TV in Italy with its two subsidiaries Telecom Italia and Groupe Canal.
Vivendi has been given conditional approval by the European Commission to gain de facto control of Telecom Italia.
Italy’s communications regulator AGCOM has ruled that French media group Vivendi violated Italy’s media antitrust law by building up controlling stakes in broadcaster Mediaset and telecom operator Telecom Italia (TIM), and given Vivendi a 12 month deadline to reduce its stake in either one.
Vivendi could be in effective control of Telecom Italia after a shareholder meeting next month.
A report that Vivendi would be prepared to sell its 24% stake in Telecom Italia has been denied by the French media giant.
Vivendi said it now holds 23.15% of the common shares of Telecom Italia.
Google’s Android TV is now coming to Italy with a hybrid set top-box delivered by Timvision, the TV platform of telecom operator Telecom Italia (TIM).
Telecom Italia Media is launching a new Android-based decoder.