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TIM board must press ahead with network spin-off - Elliott

Tuesday 22 January 2019 | 09:11 CET | News

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The board of Telecom Italia (TIM) should continue with plans to separate its fixed-line network after communications watchdog Agcom said it's essentially opposed to a plan put forward by top shareholder Vivendi to set up a fully-controlled subsidiary, according to activist investor Elliott. The regulator said the plan drawn up by former CEO Amos Genish to legally separate the fixed network into a new entity (Netco) would allow TIM to benefit from "a significant competitive advantage". However, the decision did not materially change the market situation, said Elliott, according to Reuters.

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