Vivendi, the disastrous Italian campaign caused a loss of 4 billion but hindering the sale of the Tim network would be the last boomerang

More disastrous than that Italian countryside of Vivendi Family Bolloré it would be difficult to imagine: between Tim e Mfe (formerly Mediaset) cost 4 billion in losses. But thinking of making up for it by making the sale of Tim's network fail would be the ultimate folly. Vincent Bollorè, whose glories at Mediobanca are now a distant memory, thought he would conquer Italy hands down. But it didn't go like this: both in Tim, where he is the largest shareholder with 23,75%, and in Mfe (where he has 22,9%) he lost a lot of money. In the telephone company he lost 3,2 billion euros and in Berlusconi's TV another 800 million. Now the moment of truth has arrived for Vivendi and that is the moment to decide what to do at Tim and whether or not to support Mfe's progressive approach to the German Prosiebiensat. But it is above all in telecommunications that Bollorè is playing his most important cards in view of the Tim assembly on 23 April which must choose the new top management of the company and essentially the future of Tim and what will remain after the planned transfer of the network . Vivendì with its 23,75% holds the balance in Tim and has never made a secret of being against the sale of the network because, at the prices of the operation with the KKR fund, it would never have been able to recover the losses of its investment. But selling the network is the only realistic way to reduce Tim's debt burden and the sale price is that suggested by the vast majority of financial analysts. In theory, Vivendi can try at the meeting to reject the list of Tim's outgoing board of directors which has its flag in CEO Pietro Labriola and to scuttle the sale of the network to KKR which the Meloni government supports. He can try, but it would be the last of the boomerangs because thinking of recovering some money by making Tim swerve would be madness. He boils down from the tower.