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Vivendi sees Italy's preliminary agreement on TIM with KKR as positive - source

Published 11/08/2023, 14:50
Updated 11/08/2023, 14:55
© Reuters. FILE PHOTO: Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini//File Photo

MILAN (Reuters) - Vivendi (EPA:VIV) sees as "positive news" a preliminary deal for Italy to take a stake of up to 20% in Telecom Italia (BIT:TLIT)'s landline grid as part of any binding offer by U.S. fund KKR, a source close to the French media group said on Friday.

French media group Vivendi, which is Telecom Italia's top investor with a near 24% stake, however urged involved parts to open a "serious dialogue" with it, to reach concrete and feasible solutions, the source added.

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