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General

Vivendi may propose De Puyfontaine as TIM chairman - report

Thursday 30 March 2017 | 08:59 CET | News
French media giant Vivendi is considering nominating its CEO Arnaud de Puyfontaine as the next chairman of Telecom Italia (TIM), according to unnamed sources cited by Reuters. The French company has a 24 percent stake in TIM valued at around EUR 3 billion and its board is due for renewal on 04 May, with lists detailing the proposed candidates due to submitted by 09 April. "There are only two rational choices: either keeping Recchi or replacing him with someone who represents the interests of the No. 1 shareholder," said one source. A recent Bloomberg report cited other sources suggesting Luca

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