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General

Vivendi denies controlling TIM's financial and operating policies

Friday 1 September 2017 | 11:32 CET | News
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Telecom Italia's leading shareholder, French media giant Vivendi, has reiterated in its second-quarter results statement that it doesn't currently have power over the Italian operator's financial and operating policies. "Vivendi considers that it does not exercise any de facto control of Telecom Italia under Article 93 of the Consolidated Law on Finance and Article 2359 of the Italian Civil Code given that Vivendi's interest in Telecom Italia is not sufficient to allow it to exercise, on a stable basis, a dominant influence at Telecom Italia shareholders' meetings," said the French company,

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