Yahoo Finance Vivendi asks judge for new documents in Telecom Italia network sale case
MILAN (Reuters) -Telecom Italia's (TIM) biggest investor, Vivendi, asked an Italian judge for further documentation to be provided in a case challenging the planned sale of the phone group's landline grid to U.S. fund KKR, a lawyer for the French company said on Tuesday.
Worth up to 22 billion euros ($23.9 billion) and backed by the Italian government, the proposed sale is a key plank of TIM Chief Executive Pietro Labriola's strategy to revamp the debt-laden telecoms company.
Vivendi, which was seeking a higher price, filed a complaint with a Milan court in December to annul the decision by TIM's board to sell the network without a shareholder vote.
A date for the next hearing was not set by the judge, who on Tuesday met the parties behind closed doors.
Tim has defended the validity of the decision by its board to dispose of the network.
A lawyer for the telecoms group said on Tuesday that the judge already had all the required elements to decide on the case.
($1 = 0.9200 euros)
(Reporting by Elvira PollinaEditing by David Goodman)
