0
General

Vivendi drops demand to replace TIM board members

Friday 29 March 2019 | 14:23 CET | News
Update: 29 March 2019 | 18:36 CET
Vivendi's move is set to be approved by shareholders and follows a war of words with activist fund Elliott lasting several months after the French company called for the removal of TIM chairman Fulvio Conti and four other Elliott-appointed directors on grounds of a "substantial lack of independence" and for conspiring to replace TIM CEO Amos Genish, a former Vivendi executive.

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?


[29/03/2019 18:36 - Update: Adds TIM statement confirming shareholder approval.]


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: Telecom Italia / TIM / 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

Former CEO Genish resigns from Telecom Italia board

Published 28 Jun 2019 08:59 CET | Italy
Telecom Italia (TIM) has confirmed that its former chief executive Amos Genish has resigned from the company's board around eight ...

Elliott, Vivendi looking to end TIM feud with board reshuffle - report

Published 20 Jun 2019 09:31 CET | Italy
Two of the main shareholders of Telecom Italia (TIM) – France's Vivendi and US fund Elliott – are attempting to find a compromise ...

Vincent Bollore remains on Vivendi's supervisory board, joined by son Cyrille

Published 16 Apr 2019 12:50 CET | World
Vivendi said that shareholders have approved the appointment of Cyrille Bollore as a member of the supervisory board for a ...

Vivendi posts 5.7% organic revenue growth in Q1 helped by strong music sales

Published 15 Apr 2019 10:14 CET | World
Vivendi reported first quarter revenues of EUR 3.46 billion, up 5.7 percent year-on-year organically. While the organic growth ...

Vivendi move to drop board reshuffle bid 'courageous' - TIM CEO

Published 01 Apr 2019 09:28 CET | Italy
The chief executive of Telecom Italia (TIM) Luigi Gubitosi described the decision of leading shareholder Vivendi to withdraw its ...

TIM small shareholders association set to reject Vivendi board changes

Published 19 Mar 2019 14:39 CET | Italy
Telecom Italia's minority investors association Asati has issued a statement confirming that it intends to vote against a ...

Italian state lender CDP ups Telecom Italia stake to 9.8%

Published 18 Mar 2019 10:06 CET | Italy
Italian state lender CDP has further increased its stake in Telecom Italia (TIM) to close to 10 percent around a month after ...

Vivendi urges Consob to probe TIM governance issues

Published 18 Mar 2019 08:58 CET | Italy
French media giant Vivendi has again urged the auditors of Telecom Italia (TIM) and Italian market regulator Consob to further ...

TIM board backs chairman ahead of crunch shareholder vote

Published 15 Mar 2019 09:07 CET | Italy
The board of Telecom Italia (TIM) has fully backed its chairman Fulvio Conti following a meeting to respond to a report by its ...

Glass Lewis advises TIM shareholders to reject Vivendi changes

Published 14 Mar 2019 09:09 CET | Spain
Glass Lewis has become the latest proxy advisory firm to issue a statement saying shareholders in Telecom Italia (TIM) should ...

Proxy adviser ISS tells TIM investors to back Elliott in board fight - report

Published 12 Mar 2019 09:59 CET | Italy
Proxy advisory firm International Shareholder Services (ISS) has recommended that investors in Telecom Italia (TIM) vote against ...

Italian state lender CDP to up TIM stake to 10% this month - report

Published 06 Mar 2019 16:05 CET | Italy
Italian state lender CDP intends to increase its stake in Telecom Italia (TIM) to over 10 percent just a few weeks after passing ...

Vivendi may back TIM-Open Fiber network merger if conditions are 'fair'

Published 24 Feb 2019 16:58 CET | Italy
French media giant Vivendi, the main shareholder of Telecom Italia (TIM), said it's prepared to support a proposed merger of the ...

Telecom Italia revenues down 2.5% in Q4, launches new 3-year business plan

Published 22 Feb 2019 09:14 CET | Italy
Telecom Italia (TIM) posted a 2.5 percent year-on-year fall in organic revenues to EUR 4.8 billion in the fourth quarter, with ...

TIM to hold shareholder vote on new board on 29 March

Published 14 Jan 2019 15:34 CET | Italy
Telecom Italia (TIM) confirmed that it will finally hold a shareholder meeting to review the composition of the company's board ...

Telecom Italia CEO Genish ousted by board, chairman takes over

Published 13 Nov 2018 11:32 CET | Italy
Telecom Italia (TIM) has announced that its chief executive Amos Genish has been relieved of his powers following a majority vote ...