Italy state lender role in T.Italia could solve network tiff: PD’s Orfini

Italian state lender Cassa Depositi e Prestiti (CDP) could buy part or all of Vivendi’s stake in Telecom Italia (TIM) in a bid to protect strategic telecom network assets, president of the ruling PD party said in a position paper.

In the document published by online magazine Key4Biz, Matteo Orfini also said a public or private Italian investor could flank Vivendi as a shareholder in TIM, in which the French media group is the top shareholder with a 24 percent stake.

Orfini, listing a series of scenarios to resolve the ongoing disputes over TIM’s network assets, considered by Rome as strategic, said Vivendi should be given the opportunity to give up control of Italy’s biggest phone group.

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Source: Reuters

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