TIM top investor Vivendi keen to discuss network plan with govt


© Reuters. FILE PHOTO: The logo of French media giant Vivendi is seen in Paris, France, January 31, 2022. REUTERS/Violeta Santos Moura

MILAN (Reuters) – Telecom Italia (BIT:)’s (TIM) top investor Vivendi (OTC:) is keen to start talks with Italy’s new right-wing government on a new plan to create a national broadband company, people close to the French media conglomerate said on Sunday.

Debt-laden Telecom Italia has been embroiled for months in negotiations over the sale of its prized landline grid to state lender Cassa Depositi e Prestiti (CDP).

The potential sale was part of a plan sponsored by the previous government to combine TIM’s fixed network assets with those of smaller broadband operator Open Fiber in order to create a national network champion under CDP control.

However, regulatory and valuations issues have thwarted efforts so far and the project to create a single network company is now being reassessed by the new government, which was sworn in last month.

On Saturday, cabinet undersecretary Alessio Butti told Sky broadcaster he considered creating a single broadband company a “priority”, adding he would start soon talks with all stakeholders, including CDP, over a new version of the project.

Butti had previously called on CDP to pursue the single network project taking over TIM, under a plan dubbed “Minerva”.

Under the plan, TIM would retain the network while hiving off its services operations and its Brazil-listed unit to cut its debt pile.

People close to the French media group said on Sunday that Vivendi appreciated Butti’s openness to dialogue and reiterated the Paris-listed company’s willingness to start discussions to find a quick solution.

In her inaugural speech to parliament, new Italian Prime Minister Giorgia Meloni vowed to ensure national strategic networks to be state-owned while enabling telecoms companies to compete on services.

Treasury-owned CDP, which controls Open Fiber, is TIM’s second largest investor with a 10% stake. Vivendi holds a 24%stake in TIM.

Leave a Comment

Leading the way

Let's build a better world together

Project planning
Design expertise
Great qualifications

Nullam vestibulum finibus sapien, id consequat mauris tempus auctor.


90 Newport St., Natick, MA 01760

83 Taylor Street, Kings Mountain, NC 28086

22 Birch Hill St., Villa Rica, GA 30180

Support requests


Nullam scelerisque leo felis, quis congue mauris tristique in. Suspendisse pulvinar, felis eu facilisis mattis, turpis odio luctus nisi, et ultrices velit enim quis lacus.

Request a quote

[Insert your contact form here]


Vivamus vehicula dictum elit at bibendum. Etiam finibus eros ut urna auctor ullamcorper. Sed at erat eget nisl rutrum ultrices sed eu ex.


Sign up to receive the latest news and trends from our company.

More questions? Get in touch