Register now for FREE and unlimited access to reuters.com

[sharminsultana]

MILAN, Dec. 5 (Reuters) – Vivendi (VIV.PA), the largest shareholder of Telecom Italia (TIM), is willing to discuss the possibility of the Italian government taking control of TIM’s fixed network, a spokesperson said on Sunday. word of French society.

The statement marks a shift in the French media group’s stance as TIM investors prepare to assess a € 10.8 billion ($ 12.2 billion) repurchase plan presented by US fund KKR (KKR.N) for TIM.

Until now, the French group dragged its feet on the possibility of Rome taking control of TIM’s fixed network.



Register

A spokesperson for the French press group told Reuters that Vivendi was job function email database interested in any solution that “promotes efficiency and modernity of the network, while preserving the value of its investment”.

“In this perspective, the hypothesis of state control of the network, if it could lead to an institutionally guided strategic project, will certainly be evaluated with openness”, added the spokesperson.

TIM’s fixed line business provides Italy’s main telecommunications infrastructure and plays a major role in the broadband deployment efforts where Rome plans to spend billions of euros of European Union funds to improve the cover.