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General

TIM describes Elliott 'break-up plan' as unfeasible

Wednesday 18 April 2018 | 13:59 CET | News

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The management of Telecom Italia (TIM) has followed leading shareholder Vivendi in defending its strategy against proposed changes by activist fund Elliott, describing the latter's "break-up plan" as premature and unfeasible. In a presentation to investors seen by Reuters, TIM's management said it had evaluated all the actions proposed by Elliott, but decided they were incompatible with the business plan unveiled last month by CEO Amos Genish and "would carry material financial and execution implications" in the current context and regulatory environment.

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Brazil / Italy
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