Business & Finance

Vivendi ‘awful’ investor in Telecom Italia

Published April 16, 2018 Updated April 16, 2018 02:55pm

Calenda defended the decision of state lender Cassa Depositi e Prestiti (CDP) to take a stake in the phone group and added that Italy should have a single telecom network.

"CDP has intervened to support a project to turn Telecom Italia into a public company and spin off the network," the minister said, adding that CDP did not want to take control of the company.

Talking about the sale of ailing Italian carrier Alitalia, Calenda said the most promising offer was the one from Germany's Lufthansa.

Copyright Reuters, 2018