CVC Capital Partners (WA:CPAP) Plc is considering acquiring Vivendi (OTC:VIVHY) SE's share in Telecom Italia (BIT:TLIT) SpA, which could lead to a potential takeover of the largest telecom operator in Italy, Bloomberg reported on Monday.
The private equity firm is in early-stage discussions to purchase Vivendi's 24% interest in the Italian company's common shares, a stake valued at around €950 million ($996 million), Bloomberg reported, citing people with knowledge of the matter.
If CVC successfully acquires the stake, it would become the largest shareholder of Telecom (BCBA:TECO2m) Italia, Bloomberg reported.
The report also added that the equity firm might also look into a complete takeover and consider restructuring the company, which includes a core wireless operation in Italy, an enterprise services division, and a publicly traded Brazilian subsidiary valued at approximately $6.1 billion.
Other potential buyers may also show interest in Vivendi's holding in Telecom Italia, according to the report.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.