19:13 (Il Sole 24 Ore Thomson Plus) – Milan, July 26 – “We do what we say and we say what we we do. ” It ‘a kind of motto of Vivendi what Arnaud de Puyfontaine cites early morning meeting with the Italian press, the day that will see’ busy on the board of Telecom and especially in a question and answer away with Mediaset. Poised between the tones of the duel, and those of a complicated game of chess, Italians plots of the group chaired by Vincent Bollore ‘held the bank. To make it, heavily, the costs of time and ‘the title Mediaset which closes the session at the Milan down 6.93% to 3,006 Euros. The detonator of sales and ‘the press in which Cologno Monzese announced that Vivendi July 25 Ceo has “verbally notified that Vivendi does not intend to comply with the binding agreement signed with Mediaset” and proposed an alternative scheme. Confirmed it by 3.5% exchange between the French group and Mediaset, but instead to purchase 100% of premium, Vivendi wants to only 20%, while pointing to rise in three years to 15% of Mediaset’s capital with a convertible bond . “A news ‘absolute’,” a major communication “, stigmatizes Mediaset,” firmly determined to enforce all their rights in every home “. De Puyfontaine reacts with a ‘aplomb’ almost British. It does not delve into the details of concise notes made in turn by Vivendi that there are “significant differences in the analysis of results of Mediaset Premium”, but rather insists on being optimistic about the outcome of the negotiation. “The will ‘to make the agreement remains more’ than ever, we have proposed a different form, but with even more ‘ambitions in our relations with Mediaset,” assures the CEO transalpine, which points out that he has never said that there will respect’ the contract. Indeed, “We want an alliance even more ‘big.” It takes the field while Fininvest that “denounces the exceptional gravity ‘and the absolute wrongness of Vivendi” behavior, whose “real, undeclared goal” and’ “to form themselves into a surreptitious and unacceptably an extremely important position in ‘ownership of Mediaset. ” Fininvest has in fact 34.7% of Mediaset, but if he accepted the Vivendi floor with the convertible, in practice it would dilute below 30%, while Vivendi would flourish well beyond the 5% agreed upon in April. But De Puyfontaine ensures that “there is no ‘no intention of taking control of Mediaset” and sings the praises of the company’ ( “a large group, we’re still friends, we have positive relations”), while admitting that there ‘ “a different approach to the numbers that we have been made.” So while the Mediaset front emphasizes the break, Vivendi holds a conciliatory profile. Inevitably, it passes also talk about possible links with Telecom, of which Vivendi and ‘leading shareholder with 24.7%. “I have no preconceptions about possible future merger between Telecom and Mediaset,” she says de Puyfontaine, explaining that “there ‘sa trend that brings the companies’ media and content to be more’ related to telecoms operators” in as distributors. “Open mind”, but “nothing on the table.” For the future we’ll see ‘. Miscellaneous, moreover, the records of Telecom, beginning with the share that Vivendi does not intend to do ‘increase, it’ sell. “We do not do the work for Orange, we are not his Trojan horse” precise de Puyfontaine, defining “grotesque” the voices in this sense (and also the number one the former France Telecom, Stephane Richard, today, said he did not have plans in the Italian market and not to have discussions with Vivendi). In terms Telecom, de Puyfontaine expresses satisfaction with “the momentum” imprinted with the arrival of the new a.d. Flavio Cattaneo and by Chairman Giuseppe Recchi, a new direction “very encouraging”. There are particular concerns, then, for the landing of the Iliad Xavier Niel in the Peninsula. “The situation in Italy and ‘very different from that which Iliad has found in France” in 2012 when he actually gave a jolt to the mobile market. Alps, “Iliad had then already ‘a solid foundation in the hard, which is not’ in Italy”, prices in Italy are lower than they were then in France and the Italian market and ‘mostly pre-paid, while in France this segment and ‘weak, lists of Puyfontaine. Tim Brasil, there are no plans to sell, but things can change for the future, also launches the CEO of Vivendi, which promises to be very happy with the communications that Telecom Italy will ‘day. Meanwhile, the increase in tension on the premium each other, the ‘Sole 24 Ore site’ writes that Mediaset and ‘willing to to take legal action against Vivendi, with a claim-billion damage. French side not leaked anything after morning notices. The views transalpine and ‘state for more summarized by de Puyfontaine during the meeting: “only fools do not change opinion, if there is reason to do so.” glycol (RADIOCOR) 26/07/16 19:13:21 (0685) 5
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