0
General

TIM chairman unconcerned about Elliott's stake build-up

Thursday 8 March 2018 | 08:38 CET | News
TIM chairman and Vivendi CEO Arnaud de Puyfontaine is not worried about activist investor Elliott Management's move to build up its stake in Telecom Italia (TIM) in a report bid to counter how Vivendi is running the company. "By definition an activist fund's approach implies a degree of disagreement with the way a company is run but we don't know yet in detail what their intentions are," said de Puyfontaine in an interview with Il Messaggero, adding that he didn't regard Elliott's action as an attack against Vivendi.

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: Mediaset / Telecom Italia / TIM / TIM Brasil / 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

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 ...

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 ...

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 ...

Elliott to request resignation of up to 7 TIM directors - report

Published 12 Mar 2018 08:38 CET | Italy
Activist investor Elliott Management may have already increased its stake in Telecom Italia (TIM) to just above 5 percent in its ...

TIM Brasil plans BRL 12 billion in investments by 2020

Published 07 Mar 2018 13:13 CET | Brazil
TIM Brasil plans to invest about BRL 12 billion in the period 2018-2020, its parent company Telecom Italia announced in its new ...

Telecom Italia agrees to network spin-off, posts Q4 sales up 2.8% to EUR 5.1 bln

Published 07 Mar 2018 08:37 CET | Italy
Telecom Italia (TIM) announced that its board of directors approved a plan to voluntarily separate its fixed access network, ...

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 ...

TIM confirms transfer of Persidera stake to trust, retains sale control

Published 05 Mar 2018 08:59 CET | Italy
Telecom Italia (TIM) has announced that it has indeed transferred its majority stake in broadcasting unit Persidera to a trust, ...

Vivendi lodges appeal against TIM 'golden power' decree – report

Published 14 Feb 2018 09:19 CET | Italy
France's Vivendi has lodged an appeal before Italy's head of state against the government's decision to activate the so-called ...

TIM chairman confirms Recchi's departure as deputy chairman

Published 26 Jan 2018 16:38 CET | Italy
Arnaud de Puyfontaine, the chairman of Telecom Italia (TIM) and CEO of its largest shareholder Vivendi, has confirmed that TIM's ...

Italy applies special powers on TIM to scale back Vivendi influence

Published 17 Oct 2017 08:43 CET | Italy
The Italian government has notified Telecom Italia (TIM) that Prime Minister Paolo Gentiloni signed a decree activating the ...

Vivendi secures two-thirds of Telecom Italia board

Published 05 May 2017 08:37 CET | Italy
French media giant Vivendi has succeeded in having its list of 10 candidates appointed to the 15-member board of Telecom Italia ...





Calendar   /   Industry Events

20 Aug Africa Peering and Interconnection Forum
21 Aug Ice Group Q2 results
21 Aug Spark FY results
21 Aug Analog Devices fiscal Q3
21 Aug Zayo fiscal Q4
21 Aug Vodafone Iceland Q2 2019
21 Aug FTTH India Congress 2019
22 Aug China Telecom H1 2019
22 Aug VMware fiscal Q2
22 Aug Sunrise Q2 2019
22 Aug Vocus FY results
22 Aug Sky NZ FY results
23 Aug Mobilezone H1 2019
25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug MNF Group FY results
27 Aug Connected Health Summit
::: More Calendar Items