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Italy watchdog to decide on Vivendi stakebuilding in Mediaset by April: source
March 23, 2017 / 1:59 PM / in 4 months

Italy watchdog to decide on Vivendi stakebuilding in Mediaset by April: source

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FILE PHOTO - The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016.Charles Platiau/File Photo

MILAN (Reuters) - Italy's communications authority (AGCOM) will make a decision with regards to Vivendi's (VIV.PA) stakebuilding in Italian broadcaster Mediaset (MS.MI) by the end of April, a source at the regulator told Reuters on Thursday.

AGCOM opened an investigation into the French media company in December after the TV group filed a complaint regarding Vivendi rapidly accumulating a 28.8 percent share in Mediaset.

The authority is deciding whether Vivendi, which also holds a 24 percent share in phone incumbent Telecom Italia (TLIT.MI), breaches Italian anti-trust regulations which prevent companies from having an excessive share in both the domestic telecommunications and media markets.

Reporting by Francesca Piscioneri, editing by Stefano Bernabei

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