EU Approves Vivendi Acquisition of Telecom Italia With Conditions
May 30 2017 - 9:47AM
Dow Jones News
By Natalia Drozdiak
BRUSSELS--Vivendi SA's (VIV.FR) acquisition of Telecom Italia
SpA (TI) was cleared by the European Union's antitrust watchdog
Tuesday on the condition the Italian telecommunications operator
divests its stake in its digital terrestrial network operator
Persidera.
Vivendi holds a significant minority stake in Mediaset, which is
also active in the market for the wholesale access to digital
terrestrial television networks for the broadcast of TV channels,
the EU said.
The European Commission said that after the transaction, Vivendi
would have had an incentive to raise prices charged to television
channels in that market.
Persidera is a joint venture between Telecom Italia and Gruppo
Editoriale L'Espresso.
Write to Natalia Drozdiak at natalia.drozdiak@wsj.com
(END) Dow Jones Newswires
May 30, 2017 09:32 ET (13:32 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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