Friday, December 16, 2016

The but wait of the Guarantor: the assault of Vivendi is forbidden by law, – the Newspaper

The government focused on diplomacy, with an eye to the possible countermeasures to stop the climb at Mediaset. The Authority for the guarantee of Communications breaks the silence, and simply remembering what is foreseen by the Italian law, suggests the possibility of a veto. Operations like the one Vivendi “may be prohibited”. In short, if Vincent Bolloré thought, as has been said, to find policy and institutions distracted by the changing of the guard at Palazzo Chigi, has made an error of assessment. After the “let us monitor” of the minister Carlo Calenda, yesterday evening you are made to feel officially the guarantor of Communications. Will follow the operation of the French on the group the Italian media, to verify if it respects the law.

Judgment deferred, but the Authority, chaired by Angelo Marcello Cardans an idea seems to have cracked already. The single text of the audiovisual media Services and radio, has reminded the Guarantor, “establishes a prohibition to the overcoming of the roof of control”. These the general rule: “The business of electronic communications that hold in the Italian market with a share above 40%, they can’t collect revenues in excess of 10% of the integrated System”, consisting of tv, radio and publishing.

the Limits that Vivendi exceeds, according to a preliminary analysis on data by 2015″. Telecom Italia”, whose majority shareholder is the Vivendi group, with a share of the share capital of the 24,68%”, it is “the main operator in the market of electronic communications, holding 44.7% of the share in the market of telecommunications”. Then above the threshold of 40%. At the same time, Mediaset reached in 2015, a share of 13.3% of the Sic”. Then more than the threshold of ten points. For the Nra, “these data show that operations designed to concentrate the control of the two companies may be forbidden”. In other words, you can veto the operation of Vivendì, which in two days has risen from 3 to 20% of the share capital of Mediaset.

Yesterday, after the very tough note from the minister of economic Development Carlo Calenda that has defined hostile and inappropriate purchase of shares in the Italian part of the group Bolloré, with the participation of the minister of Justice Andrea Orlando: “The Government can’t prevent a dynamic of the market, but you can put as made by the minister Calenda, of the stakes”. Mediaset is a company that operates in a particular domain, on concessions and public – has added Orlando – I believe the Government has air conditioning tools which you should use, not looking at who is the owner of that company, but to the 20 thousand employees, and the fact that it is a company that operates in a sector that concerns all italians, that of information”.

But the line to keep is firm and remains the one announced Wednesday: follow step by step the moves of the French financier and defend Mediaset. The support of the premier is there and also yesterday, Paolo Gentiloni has followed the dossier in Brussels, where he was for the european Council. Lacking the tool, and perhaps the hope is that it will serve.

For the moment, prevails and diplomacy, explained yesterday a source in the government. But the tools to stop climbing there are. For example, the golden power, version of the “golden share” applies also to individuals who operate in strategic sectors. An obstacle could come from the european Union, which would prohibit obstacles to a group only for the fact of not being Italian. But the european Commission could also reach a help from the antitrust rules.

However, the policy has made the wall. Yesterday in defense of Mediaset, was pronounced the union, the secretary general of the Cisl Annamaria Furlan, then Left the Italian with Stefano Fassina. Only ones railing against the government for the defense of Mediaset, some of the people in the 5 star Movement. “Antiberlusconismo” of the “Mouvement 5 étoiles” he joked Elvira Savino, Forza Italia.

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