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.
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