January 8, 2020 / 4:49 PM / a month ago

Vivendi has filed request to suspend freeze on Mediaset stake

MILAN, Jan 8 (Reuters) - Vivendi filed a request with an Italian court last Thursday to suspend a ruling forcing it to freeze two-thirds of its stake in Italian broadcaster Mediaset, according to a document released on Wednesday by Mediaset auditors.

In 2017 Italy’s communications watchdog said Vivendi’s stakes in Mediaset and Telecom Italia broke rules designed to prevent a concentration of power in the telecoms and media sectors, ordering it to cut one of the stakes below 10%.

Reporting by Elvira Pollina, writing by Stephen Jewkes

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