Italian minister suggest 'golden power' will be used on Telecom Italia [Reuters]
TELECOM ITALIA (TI.A)
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telecomitalia.com/tit/en/investors.html
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Source: Reuters
Italian minister suggest 'golden power' will be used on Telecom Italia | Reuters Reuters Staff 2 Min Read ROME, Sept 17 (Reuters) - The Italian government is poised to activate its so-called golden power to intervene with strategic companies, Industry Minister Carlo Calenda said at the weekend amid continuing concern over the ownership of Telecom Italia (TIM). French media group Vivendi’s control of Italy’s main telecoms provider is being examined by the government in a review seeking to establish whether Vivendi complied with legal obligations when it built its stake. “We are heading towards a period when international economic relations will be tougher. Therefore Italy has to have the ability to be assertive when it needs to defend its own assets,” Calenda told a conference on Saturday. “This will be valid when we finally apply for the first time the golden power,” he added, without mentioning Vivendi by name Government officials are due to meet on Sept. 25 to discuss whether to san
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