0954 GMT - Vivendi's rejected claim against Telecom Italia by a Milan court isn't surprising, Equita analyst Domenico Ghilotti writes in a note. The ruling rejected a request by Vivendi, a major investor in TIM, to submit the sale of the latter's fixed network to a vote. The move is positive for TIM as it removes distractions for management, Ghilotti says. "The appeal would not have had a substantial impact on the group in any case as the sale of the network would not have been cancelled," he adds. Vivendi shares are up 1.3% at 2.54 euros, while TIM shares are down 1.9% at 25 European cents. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 04:54 ET (09:54 GMT)
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