0
General

Elliott cuts Telecom Italia stake to under 7%

Wednesday 25 March 2020 | 09:13 CET | News
US investment fund Elliott has cut its stake in Telecom Italia (TIM) from 9.72 percent to 6.97 percent, according to a filing by market regulator Consob. An unnamed source told Reuters that the move was part of a portfolio rebalancing strategy given the current market situation and does not modify Elliott's commitment as a TIM shareholder and its full support to the company's board of directors and management.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Elliott Management takes stake in F5 Networks - report

Published 09 Nov 2020 10:52 CET | World
US investment fund investor Elliott Management has bought a stake in F5 Networks, and has contacted the company's management to ...

Elliott cuts Telecom Italia stake to 0.27% of voting rights

Published 04 May 2020 14:33 CET | Italy
US investment fund Elliott has again reduced its stake in Telecom Italia (TIM) from 6.97 percent to 5.13 percent, reports Il Sole ...

Telecom Italia sets up new supervisory body

Published 02 Apr 2020 08:54 CET | Italy
The board of directors of Telecom Italia (TIM) has announced the establishment of a new supervisory body following an initiative ...

Vivendi confirms long-term commitment to Telecom Italia

Published 31 Mar 2020 09:48 CET | Italy
French media giant has reiterated its long-term commitment to Telecom Italia (TIM) after activist fund Elliott reduced its stake ...

Rossi appointed new Telecom Italia chairman

Published 22 Oct 2019 08:53 CET | Italy
The board of directors of Telecom Italia (TIM) has announced the appointment of former Bank of Italy senior deputy governor ...

TIM chairman Conti steps down to ease shareholder tension

Published 27 Sep 2019 08:54 CET | Italy
The chairman of Telecom Italia (TIM), Fulvio Conti, has handed in his resignation a couple of weeks after confirming that he was ...

Former CEO Genish resigns from Telecom Italia board

Published 28 Jun 2019 08:59 CET | Italy
Telecom Italia (TIM) has confirmed that its former chief executive Amos Genish has resigned from the company's board around eight ...

Elliott, Vivendi looking to end TIM feud with board reshuffle - report

Published 20 Jun 2019 09:31 CET | Italy
Two of the main shareholders of Telecom Italia (TIM) – France's Vivendi and US fund Elliott – are attempting to find a compromise ...

Rome court extends suspension of TIM's EUR 74 mln fine over Vivendi control

Published 24 May 2019 09:00 CET | Italy
An administrative court in Rome has decided to extend the suspension of a EUR 74.3 million fine imposed on Telecom Italia (TIM) ...

Vivendi drops demand to replace TIM board members

Published 29 Mar 2019 14:23 CET | Italy | Update: 29 Mar 2019 18:36 CET
Vivendi's move is set to be approved by shareholders and follows a war of words with activist fund Elliott lasting several months ...

Italian state lender CDP ups Telecom Italia stake to 9.8%

Published 18 Mar 2019 10:06 CET | Italy
Italian state lender CDP has further increased its stake in Telecom Italia (TIM) to close to 10 percent around a month after ...

Elliott list secures two-thirds of Telecom Italia's board

Published 04 May 2018 15:01 CET | Italy
A list of 10 candidates presented by activist fund Elliott Management has secured two-thirds of Telecom Italia's board seats ...





Calendar   /   Industry Events

04 Aug Intred Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug Digi International fiscal Q3
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug 8x8 fiscal Q1
04 Aug Company profile: NTT/Transatel
04 Aug Report: Dutch Mobile Monitor 2021 Q1
05 Aug DigitalBridge Q2
05 Aug Motorola Solutions Q2
05 Aug Tucows Q2 2021
05 Aug WideOpenWest (Wow) Q2
05 Aug Vonage Q2 2021
05 Aug Gogo Q2 2021
05 Aug CommScope Q2
05 Aug FireEye Q2
05 Aug InterDigital Q2
05 Aug Switch Q2 2021
05 Aug Cogent Communications Q2 2021
05 Aug BCE Q2 2021
05 Aug Uniti Group Q2
05 Aug OTE Q2
05 Aug Starhub Q2 2021
05 Aug United Internet Q2 2021
05 Aug Swisscom Q2 2021
05 Aug Viasat fiscal Q1
05 Aug Frontier Communications investors meeting
05 Aug ON Semiconductor analysts meeting
05 Aug FCC meeting
::: More Calendar Items