0
General

Telecom Italia board situation 'becoming unsustainable' - CEO

Monday 8 October 2018 | 09:10 CET | News
Tensions between management, board and shareholders at Telecom Italia (TIM) are "creating a lot of trouble and becoming unsustainable," according to the company's CEO Amos Genish. In an interview with Italian daily La Repubblica, Genish committed to staying with the group in spite of rumours about his future, but referred to a "problematic situation" within TIM that "needs to be resolved". TIM's leading shareholder Vivendi has slammed Elliott's performance since the activist fund seized control of the operator's board from the French media group in May.

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

Activist fund Elliott eyeing Telefonica stake - report

Published 14 Dec 2018 15:07 CET | Spain
US activist fund Elliott Management has been exploring the possibility of following up its recent intervention in Telecom Italia ...

Former Wind chief Gubitosi named new Telecom Italia CEO

Published 19 Nov 2018 08:35 CET | Italy
Telecom Italia (TIM) announced that its board of directors appointed Luigi Gubitosi as chief executive in a meeting held a few ...

TIM board to hold 18 November meeting on new CEO

Published 16 Nov 2018 11:07 CET | Italy
Genish was stripped of his executive powers earlier this week after he reportedly lost the support of US activist fund Elliott ...

Sacked CEO Genish wants to stay on TIM board

Published 14 Nov 2018 08:37 CET | Italy
The CEO of Telecom Italia (TIM) responded to his sacking by declaring that he was determined to remain on the board as a director ...

Telecom Italia CEO Genish ousted by board, chairman takes over

Published 13 Nov 2018 11:32 CET | Italy
Telecom Italia (TIM) has announced that its chief executive Amos Genish has been relieved of his powers following a majority vote ...

Vivendi blasts TIM's EUR 2 bln writedown

Published 09 Nov 2018 11:48 CET | Italy
Vivendi has again criticised the performance of Telecom Italia (TIM) since activist fund Elliott seized control of the operator's ...

Italian 5G tender comes to a close with EUR 6.55 bln raised

Published 03 Oct 2018 08:42 CET | Italy
Italy's Ministry of Economic Development announced the completion of the national 5G spectrum tender, with the total amount ...

TIM still discussing asset sales, Nextel bid

Published 25 Sep 2018 08:37 CET | Italy
Telecom Italia (TIM) confirmed that it analysed possible investments and asset divestitures at a board meeting held on 24 ...

'Iliad effect' intensifies ARPU fall in Italian mobile market in Q2

Published 24 Sep 2018 08:50 CET | Italy
New research from Telecompaper casts fresh doubt on the long-term sustainability of the price war launched by Italy's mobile ...

Elliott accuses Vivendi of 'short-termism' in war of words over Telecom Italia

Published 10 Sep 2018 14:06 CET | Italy
US activist shareholder Elliott has issued a statement strongly rejecting Vivendi's recent criticism of the company's performance ...

Di Maio rules out sale of TIM's Sparkle unit

Published 10 Sep 2018 08:31 CET | Italy
Italy's industry minister Luigi di Maio has categorically ruled out a sale of Telecom Italia's international services arm Sparkle ...

Vivendi slams TIM's 'disastrous' performance since Elliott takeover

Published 06 Sep 2018 08:42 CET | Italy
French media giant Vivendi has slammed the performance of Telecom Italia (TIM) since activist fund Elliott seized control of the ...

Telecom Italia revenues down 2.7% in H1, starts evaluating asset sales

Published 25 Jul 2018 08:25 CET | Italy
Telecom Italia (TIM) reported a 2.7 percent year-on-year decline in first-half revenues to EUR 9.51 billion on a comparable ...

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

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