Vivendi’s part in TIM doesn’t breach Italy rules-legal document

MILAN: French media bunch Vivendi’s developing impact over Telecom Italia does not break Italian principles went for securing key organizations, as indicated by a legitimate feeling sent by Telecom Italia (TIM) to the Rome government.

Italy’s legislature is investigating whether Vivendi, TIM’s best financial specialist with a 24 percent stake, neglected to meet a commitment to tell it of its viable control of an organization considered a vital national resource.

Rome’s examination goes for building up whether Vivendi – which on July 27 recognized “heading and coordination action” at TIM – really controls the telephone occupant and if the conditions exist for the legislature to practice uncommon controls over it.

Be that as it may, in a supposition drawn up at TIM’s command, two noticeable Italian legitimate specialists said Vivendi’s part at TIM just identified with administration of the organization and did not suggest any change of proprietorship or control over TIM and its benefits.

“The moves made… try not to constitute occasions requiring any need of notice and are not helpless to setting off the utilization of any veto control,” the record, dated August 6 and seen by Reuters on Friday, said.