CVC Capital Partners Considers Acquisition of Vivendi's Stake in Telecom Italia

CVC Capital Partners (WA:CPAP) Plc is contemplating the acquisition of Vivendi (OTC:VIVHY) SE's 24% stake in Telecom Italia (BIT:TLIT) SpA, according to a Bloomberg report from Monday.

The private equity firm is currently in early-stage discussions to purchase Vivendi's interest in the Italian telecom operator, a stake valued at approximately €950 million ($996 million). If CVC successfully acquires this stake, it would become the largest shareholder of Telecom Italia.

Additionally, the report suggests that CVC may consider a complete takeover and restructuring of the company, which includes a key wireless operation in Italy, an enterprise services division, and a publicly traded subsidiary in Brazil valued at around $6.1 billion.

Other potential buyers are also expected to show interest in Vivendi's holding in Telecom Italia.

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