MILAN: Top investor Vivendi bought more ordinary shares in Telecom Italia in December after securing four seats on the Italian company's board, a filing by Telecom Italia showed on Friday. Vivendi, led by Chairman Vincent Bollore, bought shares in Telecom Italia between Dec. 16 and Dec. 30 for 134.2 million euros ($147 million), the filing said.

The purchases amount to a 0.86 percent stake in Telecom Italia, according to Reuters calculations.

Vivendi had a 20.5 percent stake in Telecom Italia at a Dec. 15 shareholder meeting of the Italian company.

At that meeting the French group won a vote to appoint four representatives to Telecom Italia's board while also blocking a share conversion plan that would have diluted its stake.

If no shares have been sold in the meantime, the new purchases would take Vivendi's stake to around 21.4 percent.

Copyright Reuters, 2016