CVC Capital Partners Plc is exploring a potential purchase of Vivendi SE’s stake in Telecom Italia SpA, people with knowledge of the matter said, which could pave the way for a takeover of Italy’s biggest telecommunications company.

CVC Capital Partners is considering purchasing Vivendi's stake in Telecom Italia, a move that could pave the way for a potential takeover of the Italian telecommunications company, Bloomberg News reported on Monday.

Telecom Italia (TIM) has completed the sale of its remaining stake in tower operator Infrastructure Wireless Italiane (Inwit) for €250 million ($263m) to French private equity firm Ardian SAS. The company's asset was a 10 percent stake in Daphne 3, a holding company for Inwit, which owns 29.9 percent of Inwit.

Private equity firm CVC Capital Partners is looking to buy Vivendi SE’s stake in Telecom Italia (NYSE:TIMB), Bloomberg reported Monday, citing people with knowledge of the matter. Sources told Bloomberg that CVC has held preliminary talks with Vivendi about buying its 24% stake in the Italian carrier’s common shares,