Vivendi will not agree sale of TIM's network if true value not recognised – paper

This post was originally published on this site

“I want to be clear on the subject of the value of the network. Vivendi will never support the sale of the network at (analysts’ estimated value of between 17-21 billion euros ($40.70 billion)) and this is in the best interest of TIM,” Arnaud de Pufontaine told daily la Repubblica in an interview.

He added “if the real value (of TIM’s network) will not be recognised, given we are a long-term industrial investor, we are ready to evaluate other opportunities.”

($1 = 0.9337 euros)