August 6, 2014 / 1:20 PM / 3 years ago

Telefonica cutting Telecom Italia stake eases concerns-official

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

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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