Italy’s communications regulator (AGCOM) has opened an inquiry into Vivendi’s stakes in both Mediaset and Telecom Italia.
Vivendi is TIM’s biggest shareholder with a 23.9 per cent stake and Mediaset’s second-largest with 28.8 per cent, although its voting rights in the broadcaster have been limited to 10 per cent.
AGCOM said is has also launched a similar probe into SKY Italia’s telecoms and media assets.
Both investigations are expected to last for four months.
The probe could delay an administrative court decision on Vivendi’s request to scrap restrictions on its Mediaset holding, reports Reuters. A hearing on the case is due to take place today.
It’s not been the best of weeks for the French company. Its former chairman and current CEO have both been indicted in a market manipulation probe.