(Alliance News) - Telecom Italia won a legal battle against partner Vivendi over the sale of the network to the KKR fund for EUR18.8 billion, Il Corriere della Sera wrote Wednesday.

The Milan court rejected Vivendi's appeal, which challenged the resolution of TIM's board of directors on the sale, holding that it should go through the approval of the extraordinary shareholders' meeting and obtain the opinion of the related parties committee, the newspaper continued.

However, the judges deemed the appeal inadmissible, as Vivendi did not show interest in calling the meeting or blocking the sale.

Although Vivendi announced a possible appeal, the ruling reduces uncertainty on TIM stock, which gained 0.6 percent.

In addition, Vivendi could change strategy if the sale of its 23.75 percent stake does not materialize, considering a more active role in managing TIM.

By Claudia Cavaliere, Alliance News reporter

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