Vivendi Reduces Shareholding in Telecom Italia

On March 18, 2025, Vivendi announced a decrease in its shareholding in Telecom Italia (TIM). The company's stake fell below the 20% threshold, reaching 19.32% of ordinary shares and voting rights, and 13.87% of TIM's share capital. This change has been duly notified to Consob, the Italian markets authority.

The reduction results from Vivendi's sale of shares on the market, following its previously stated intention to exit its involvement in TIM under advantageous financial conditions. As of the close of trading on the announcement day, Vivendi's holdings in TIM further decreased to 18.37% of ordinary shares and 13.19% of share capital.

The sales signify Vivendi's strategic move to consolidate its portfolio and focus efforts on other ventures, with compliance to regulatory requirements and financial prudence emphasized throughout the process.