Vivendi CEO Arnaud De
Puyfontaine reiterated on Tuesday that the French group is not
moving on behalf of any third parties after acquiring a stake of
over 20% in Telecom Italia. "Vivendi is a long-term investor in
Telecom Italia," De Puyfontaine told an Italian Senate hearing.
"We want to develop a strategic industrial plan. We are not
moving on behalf of third parties. We want to build a success
story for Italy, for Telecom Italia, for its capacity to create
another strong link between France and Italy". French
businessman Xavier Niel, who owns Internet provider Iliad, has
taken a 15% stake in Telecom Italia. Vivendi and Niel have
repeatedly denied they are acting in concert.
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