Vincent Bolloré’s Vivendi has followed through with its threat of legal action against an Italian regulator that ruled that it had breached rules on concentration of power.
According to a person familiar with the move, Vivendi filed an appeal on Friday against Agcom, the Italian communications regulator, which ruled in April that the French group could not keep large stakes it had built up in both Telecom Italia and Mediaset, Italy’s biggest private broadcaster.
At the time of Agcom’s ruling, Vivendi said that it “neither controls nor exercises a dominant influence on Mediaset” and that it could fight Agcom’s ruling with legal action. The Italian regulator gave Vivendia a year to cut its position in either Mediaset or Telecom Italia, and said it needed to present a “plan of action” within 60 days.
Earlier this month Vivendi chief executive Arnaud de Puyfontaine was named executive chairman of Telecom Italia, over which Vivendi has been strengthening its grip.
Get alerts on Vivendi SA when a new story is published