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General

Vivendi blasts TIM's EUR 2 bln writedown

Friday 9 November 2018 | 11:48 CET | News
Vivendi has again criticised the performance of Telecom Italia (TIM) since activist fund Elliott seized control of the operator's board in May. Shortly after TIM published its quarterly results, the French media giant revealed that it voted against a decision by the operator's board to proceed with a EUR 2 billion writedown on the goodwill of its core domestic business. The move was described as "shocking ... sudden, very unusual and very destabilising" by a spokesman for the French group cited by Reuters.

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