Rocco Panetta takes position on the ‘Vivendi – Telecom Italia’ case

Rocco Panetta made a declaration for the main Chinese news agency Xinhua, stating that the real challenge is to understand how Vivendi is using its influence towards Telecom Italia, and that is not an easy task.

The matter is not a trivial one, if found guilty of failing to notify the government of having acquired a controlling stake in Telecom Italia Vivendi could face a fine of up to 300 million euros. It could also be forced to take on some of Telecom Italia’s 25 billion euros (30 billion U.S. dollars) in debt, or to sell some of its shares in the company.

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