Italy orders Vivendi to cut stake in either Telecom Italia or Mediaset

April 19, 2017 By Giulia Segreti MILAN (Reuters) – An Italian regulator ordered French media group Vivendi on Tuesday to cut its stake in either Telecom Italia or broadcaster Mediaset within a year, ruling it was in breach of rules designed to prevent a concentration of power. Vivendi, which aims to build a media empire in southern Europe, is the biggest single shareholder in Italy’s main telecoms firm, with 24 percent, and recently acquired 28.8 percent of Mediaset, the country’s biggest private broadcaster. In its ruling, communications authority AGCOM found…

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