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Niel - no 3rd parties in Telecom op

Consob looking at possible links with Vivendi

Redazione Ansa

(ANSA) - Milan, November 4 - NJJ, the company through which French businessman Xavier Niel recently acquired a 15.14% stake in Telecom Italia, said Wednesday that no third parties were involved in the operation. Niel's purchase means that over a third of Telecom Italia is in French hands as French media group Vivendi has 20.03%. This prompted Milan stock-market regulator Consob to announce it was looking at possible links between Niel and Vivendi. NJJ "confirms that it is working for itself and is not acting in concert with third parties" a statement said.
   

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