UPDATE 2-Niel disclosure quells speculation of Telecom Italia stakebuilding

miércoles 4 de noviembre de 2015 09:28 GYT

* Says has call options, call spread options on TI shares

* Had potential Telecom Italia stake of 15.14 percent as of Nov. 3

* Stake carries no voting rights until shares handed over

* A 5 pct stake can only be settled in cash (Adds details on options, comments)

By Valentina Za

MILAN, Nov 4 (Reuters) - French tycoon Xavier Niel dampened speculation that he is taking a strategic stake in Telecom Italia on Wednesday, saying that he had acted alone in buying call options on shares in the Italian group and that this gave him no influence over voting rights.

Niel, founder of low-cost French telecoms group Iliad , emerged last week as a potential leading investor in Telecom Italia when regulatory filings disclosed he held derivative positions relating to 15.14 percent of TI's share capital.

That placed him immediately behind top shareholder Vivendi , the French media group that owns just over 20 percent of Telecom Italia, raising questions over the relationship between the two investors.

Italian market regulator Consob is investigating whether Niel and Vivendi are acting in concert since any proof of that would oblige them to make a full takeover offer.   Continuación...