0
General

Elliott raises Telecom Italia stake to 9.9% - report

Wednesday 4 April 2018 | 15:07 CET | News
Activist fund Elliott has increased its stake in Telecom Italia (TIM) to 9.9 percent following its call to replace six Vivendi-nominated board members, including chairman Arnaud de Puyfontaine, with its own candidates, reports La Repubblica. TIM has officially announced that it will supplement the agenda of the upcoming Annual Shareholders' Meeting to be held on 24 April with Elliott's motion but the report indicates that Vivendi and funds association Assogestioni are also expected to submit a slate with their board candidates. Shareholders could even request that the board be enlarged from

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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

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

TIM CEO Genish 'in it for the long run'

Published 18 May 2018 09:10 CET | Italy
The newly-confirmed Telecom Italia (TIM) chief executive Amos Genish has the full support of the company's board to implement the ...

TIM to challenge Elliott call for board changes with legal action

Published 10 Apr 2018 08:38 CET | Italy
Telecom Italia (TIM) has announced that a meeting of its board of directors resolved to "take every legal action" to challenge a ...

Telecomindex week 14: overnames stuwen de koersen

Published 09 Apr 2018 13:20 CET | Europe
Afgelopen week verliep positief voor de Europese telecomsector. De Telecompaper aandelenindex steeg met 1,1 procent, iets minder ...

Last week in telecoms: M&A developments at TIM, Forthnet, others boost TP stock index

Published 09 Apr 2018 08:01 CET | Europe
The European telecoms sector had a positive week. The Telecompaper telecoms index rose by 1.1 percent during week 14, just shy of ...

Italian state bank confirms intention to buy 5% TIM stake

Published 06 Apr 2018 08:21 CET | Italy
Italian state lender Cassa Depositi e Prestiti (CDP) announced that its board approved a plan to acquire a stake of up to 5 ...

CDP to buy stake of up to 5% in Telecom Italia - report

Published 05 Apr 2018 08:23 CET | Italy
Italian state lender CDP is preparing to acquire a stake of up to 5 percent in Telecom Italia (TIM), according to two unnamed ...

TIM board to discuss Elliott AGM proposal on 09 April

Published 29 Mar 2018 16:57 CET | Italy
Telecom Italia (TIM) has announced that its board of directors will meet on 09 April to discuss "potential actions to be taken" ...

No need to choose new TIM board if AGM backs proposal - Elliott

Published 29 Mar 2018 11:40 CET | Italy
Activist fund Elliott Advisors announced that shareholders of Telecom Italia (TIM) won't need to elect a new board in May if they ...

TIM auditors agree to add Elliott motions to shareholder meeting

Published 28 Mar 2018 10:16 CET | Italy
Telecom Italia (TIM) has announced that its statutory auditors have unanimously decided to supplement the agenda of a 24 April ...

TIM notifies regulator of plan to spin off fixed network

Published 28 Mar 2018 09:20 CET | Italy
Telecom Italia (TIM) has notified Italian communications regulator Agcom that it has formally begun the procedure to spin off its ...

Elliott, independent directors mulling complaint over Vivendi's TIM move - report

Published 26 Mar 2018 08:59 CET | Italy
Activist investor Elliott Management together with statutory auditors and independent directors at Telecom Italia (TIM) are ...

Majority of TIM board resigns following Elliott pressure

Published 23 Mar 2018 09:12 CET | Italy
Telecom Italia (TIM) has announced the resignation of the majority of its board of directors, in what has been seen as a way of ...

Elliott hikes Telecom Italia stake to potential 5.75%

Published 22 Mar 2018 08:44 CET | Italy
Activist fund Elliott has increased its equity stake in Telecom Italia (TIM) to 3.75 percent and holds a further 1.99 percent in ...

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

Published 19 Mar 2018 08:58 CET | Italy
Activist fund Elliott has called for Telecom Italia (TIM) to list or partially sell off its international services arm Sparkle as ...

Elliott formally asks TIM to replace 6 board members

Published 15 Mar 2018 14:16 CET | Italy
Telecom Italia (TIM) has confirmed the receipt of a request from activist fund Elliott and other investors to include a motion to ...

Telecom Italia talks with unions break down over job cuts, governance

Published 14 Mar 2018 10:37 CET | Italy
Telecom Italia (TIM) has interrupted a new round of talks with unions over plans to cut its 60,000-strong domestic workforce by ...

Activist investor Elliott increases TIM stake to counter Vivendi - report

Published 06 Mar 2018 09:51 CET | Italy
Activist investor Elliott Management is increasing its stake in Telecom Italia (TIM) in a bid to counter how the operator's ...





Calendar   /   Industry Events

17 Jul Limelight Networks Q2 2019
17 Jul Netflix Q2 2019
17 Jul Ericsson Q2 2019
17 Jul Crown Castle Q2 2019
17 Jul Wipro fiscal Q1
17 Jul Brightcove Q2 2019
17 Jul Tele2 Q2 2019
17 Jul Infinera investor webcast
17 Jul Fiber Optic Expo
18 Jul Nordic Entertainment (NENT) Q2 2019
18 Jul Microsoft fiscal Q4
18 Jul CrowdStrike fiscal Q1
18 Jul Millicom Q2 2019
18 Jul Telia Q2 2019
19 Jul DNA Q2 2019
22 Jul NOS Q2 2019
22 Jul Logitech fiscal Q1
23 Jul Megacable Q2 2019
23 Jul AudioCodes Q2 2019
23 Jul Calix Q2 2019
23 Jul Iridium Q2 2019
23 Jul Snap Q2 2019
23 Jul Vodafone AGM
24 Jul Telekom Slovenije Q2 2019
24 Jul Orange Poland Q2 2019
24 Jul AT&T Q2 2019
24 Jul Mellanox Technologies Q2 2019
24 Jul Orange Belgium Q2 2019
24 Jul Telefonica Deutschland Q2 2019
24 Jul Technicolor H1 results
::: More Calendar Items