- Italy's ruling party has a solution for the dispute between the country and France's Vivendi (PA:VIV) (VIVHY -0.1%) over the latter's moves to take control of key Italian companies: Moving strategic companies such as Telecom Italia (MI:TLIT) (TI +2.1%) into more of a state-owned role.
- Matteo Orfini, president of the ruling PD party (but not a government official), published a position paper suggesting that state lender Cassa Depositi e Prestiti could be involved in transferring TIM's network to a state-owned entity.
- That eliminates infrastructure rivalry that's "unsustainable in the long term," he says.
- Similar suggestions to spin off a business estimated as worth up to €15B have failed in the past over valuation questions and TIM's insistence on hanging on to the business.
- Previously: Reports: Vivendi offering payment to settle Mediaset dispute (Oct. 10 2017)
- Previously: Reuters: Italy beginning steps to fine Vivendi (Sep. 28 2017)
- Previously: Vivendi appealing Italy ruling that it controls Telecom Italia (Sep. 14 2017)
- Now read: What Happens To Cell Tower REIT American Tower When A Key Tenant Closes Down?
Original article