Italy reaffirmed its support for Telecom Italia SpA’s network sale plan after a report saying Vivendi SE requested a strategy change aimed at keeping the company’s key asset.
The Italian government is working with its adviser on the grid’s separation process, an Italian official said, adding that press speculations after Thursday’s meeting between Finance Minister Giancarlo Giorgetti and Vivendi’s top management were unfounded.
Italian daily La Repubblica reported earlier on Sunday that Vivendi wants an overhaul of Telecom Italia management in a bid to change the Italian company’s strategy as it opposes the planned $24 billion network sale to KKR.
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