Coming in France Telecom: Niel 11% between options and derivatives – The Republic

Milan – The French Xavier Neil holds 11% of Telecom: 6% in options, 5% in derivatives. A news that caused a strong current of purchases on the stock of the company TLC Stock Exchange, with the actions that arrive to tear up to 8% and then be frozen in volatility auction. The entrance of the French billionaire, founder of Internet operator Iliad (which has 55% and operating with Free Mobile), was reported by Bloomberg , which cited two unnamed sources familiar with the each other. The evaluation of a 11% share of the Italian telephony operator is about 1.7 billion euro, at market value. According to Forbes , Neil – born in 1967 – has a personal fortune of $ 8.3 billion, making him the ninth richest man in France and the 136esimo in the 2015 ranking of global McDuck.

From Consob communications about major holdings it emerges as Niel has long positions in Telecom Italy (call options) or 11.2% of the share capital with voting rights. The French entrepreneur holds from October 21 through the portion Rock Investment. The package consists of a potential holding of 6.1% resulting from option contracts call that have different settlement dates. In particular, a first package of 4,888% required by Regulation 21 June 2016; a second of 0.606% under the rules in five tranches “of a business day before the three days following the September 21, 2017″; 0.606% on the third contract will be governed “in a day preceding three business days following the 21 November 2017″. In addition to these calls, Niel has long positions amounting to 5.109% always with voting rights.

Niel is with man in business French Matthieu Pigasse, the co-owner of the newspaper Le Monde and, according to press reports in recent days, is working with the same Pigasse the launch of an investment fund dedicated specifically to operations in the media sector. His presence potentially open to a challenge of transalpine with Bolloré, since Vivendi that already have a market share of approximately 20% of Telecom. Vivendi wants to revitalize the Italian company under a plan that provides for the creation of a media group focused on South. The backbone should be Canal-Plus, in partnership with telecoms operators for the distribution of content and TV film. Niel, still remembers Bloomberg , is a number of investments in successful startup, as Deezer, and has also made investments in telecommunications via staff outside France: Orange Switzerland has bought 2.9 billion, the last year. At home, his Iliad started a price war on rates that accelerated the process of restructuring of the sector; went wrong, however, the attempted acquisition of T-Mobile from Deutsche Telekom Us.

Looking forward to reactions to the news agency launched the US, new developments for Telecom also coming from South America, where long letter – investment company of Russian tycoon Mikhail Fridman, based in Luxembourg – has sent a proposal to Oi investment of 4 billion dollars aimed at the merger with TIM Brasil. According to the newspaper Globe , in fact, the board of directors of Oi said yes by a unanimous vote to the proposed long letter, but asked the company of Russian Friedman to ensure a capital injection of $ 4 billion instead a figure of “up to” 4 billion of the initial proposal. The board then asked to up the tempo from 9 months to just 60 days to agree with Tim. For the Brazilian press, Oi and the advisor Battalion Pactual will now begin work on a proposal for a merger with Telecom Italy Tim-Oi.

Topics:

Telecom Italy

TLC companies

Telecom

Starring:

Xavier Niel