Vivendi says is long-term investor in Telecom Italia amid KKR takeover talk

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“Vivendi is a long-term investor in Telecom Italia and has been since the beginning,” a company spokesperson said ahead of an official statement to be released shortly.

The spokesperson added that Vivendi “strongly denies having had discussions with any Funds, and more specifically with (private equity firm) CVC,” and wants to work alongside Italian authorities to ensure TIM’s long-term success.