Tim, Vivendi opens to the majority of the state in the network
The French group is evaluating a plan for the unbundling of the infrastructure that would come under the control of Cdp
New twist in the Tim dossier .
Vivendi , leading shareholder of the telecommunications company at the center of the interests of the US fund Kkr with more than 23.8% of the shares, opens to the majority of the state in the TIM network, even at the cost of a step backwards.
"We certainly aim to put Tim back on a growth trajectory. The ongoing evaluations focus on this goal. Vivendi is interested in any solution that promotes the efficiency and infrastructural modernity of the network, while preserving the value of its investment. 'The hypothesis of state control of the network, if it were preparatory to an institutionally-led strategic project, will certainly be evaluated with openness ", a spokesman for the French group said yesterday.
According to rumors, Vivendi's top management would have met those of Cassa Depositi e Prestiti (which owns just under 10% of Tim) to talk about the situation and a possible spin-off of the network. The company controlled by the Bollorè family then reiterated the inadequacy of the proposal by Kohlberg Kravis Roberts and Co., which aims at 100% of the Tlc, underlining that it has "already represented its firm intention to be a reliable, long-term shareholder. heralds a constructive dialogue aimed at strengthening the company, with the aim of working alongside Italian institutions in the interest of all shareholders and other Tim stakeholders ".
"It is a question of combining the necessary technological innovation paths for the country with the enhancement of resources and the relaunch of one of the most important Italian groups", the spokesman finally said.
In the meantime, the activities of the ad hoc committee set up and chaired by Tim's president, Salvatore Rossi, continued over the weekend to select the advisor banks that will have to support the group in evaluating the fund's expression of interest, in view of the Board of Directors on the agenda. December 17. Eighteen proposals have arrived so far, among which those of Bank of America, Barclays and Banca Imi (Intesa Sanpaolo Group) stand out
(Unioneonline / F)
