Sunday, February 14, 2016

Vivendi says telecommunication Italia's debt no obstacle to growth



Top investor Vivendi (VIV.PA) doesn't see telecommunication Italia's (TLIT.MI) debt level as standing within the approach of the Italian phone group's investments or growth plans, in line with written comments by Vivendi Chief govt Arnaud Delaware Puyfontaine.
De Puyfontaine appeared before the Italyn Senate earlier this month to answer questions about his company's investments in telecommunication Italia, within which it's engineered up a stake of twenty one.4 % to become its prime capitalist.
The executive later submitted further written comments that were printed on the Senate's web site on Friday.
Asked whether or not telecommunication Italia's internet debt level of twenty seven billion euros was property or whether or not the corporate required to be recapitalised, the French govt same Vivendi did "not see the company's debt level as a drawback for its ability to speculate and finance developments it needs to undertake".

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