Vivendi Starts Legal Action Against Tel Italia Network Sale
- Telecom Italia says it was notified of the legal action
- Phone company says it plans to go ahead with network sale
Photographer: Balint Porneczi/Bloomberg
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Vivendi SE has begun legal action against Telecom Italia SpA’s €22 billion ($24 billion) landline network sale.
The French media conglomerate is challenging Telecom Italia’s decision to go ahead with the disposal of its most precious asset to US-based KKR & Co, according to a Telecom Italia statement in which the Italian company says it was notified of the legal action.