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General

Elliott calls for TIM to sell off network assets and Sparkle unit

Monday 19 March 2018 | 08:58 CET | News
Activist fund Elliott has called for Telecom Italia (TIM) to list or partially sell off its international services arm Sparkle as well as its national fixed access network (Netco) as part of a bid for major change at the operator. In a letter to shareholders published on its website, the fund said a ""truly independent" board is required to improve governance and performance at Telecom Italia. "Poor stewardship under the Vivendi-controlled board has resulted in deeply troubling corporate governance issues, a valuation discount and strategic failures," said Elliot, adding that it would also

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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