Telefonica cutting Telecom Italia stake eases concerns-official

BRASILIA Wed Aug 6, 2014 9:18am EDT

Personale tecnico di Telecom Italia per le strade di Roma. REUTERS/Alessandro  Bianchi

Personale tecnico di Telecom Italia per le strade di Roma.

Credit: Reuters/Alessandro Bianchi

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BRASILIA (Reuters) - An offer by Telefonica SA (TEF.MC) to pass its stake in Telecom Italia SpA (TLIT.MI) to France's Vivendi SA (VIV.PA) would help to resolve concerns raised by Brazilian antitrust regulator Cade, the head of the agency said on Wednesday.

Telefonica offered the Telecom Italia shares to Vivendi on Tuesday as part of its offer for the French group's Brazilian broadband unit, GVT SA.

(Reporting by Leonardo Goy)

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