Niel's stake in Telecom Italia rises to 15.1% (2)

Over 30% of telecommunications company now in French hands

(ANSA) - Milan, October 30 - French tycoon Xavier Niel has increased his stake in Telecom Italia to 15.14%, Milan stock-market regulator Consob said on Friday. Niel, founder of low-cost French mobile operator Iliad, hit the headlines on Thursday when it emerged that he had acquired a 11.2% stake in Telecom. Friday's announcement means that over a third of Telecom Italia is in French hands as French media group Vivendi has 20.03%. Consob said Thursday it was looking at possible links between Niel and Vivendi.


Change cookie consent