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General

Vivendi reiterates long-term strategy for Telecom Italia

Tuesday 17 April 2018 | 14:42 CET | News
French media giant Vivendi has called on Telecom Italia (TIM) investors to confide in its long-term strategy for the company in a document released to shareholders and seen by Reuters. Vivendi, which is TIM's leading shareholder with a stake of just under 24 percent, said it provided "stability and expertise" to TIM as opposed to the "quick fixes" offered by rival investor Elliott. Activist fund Elliott holds around 9 percent of TIM's ordinary shares and has proposed to replace six Vivendi-nominated board members at TIM's upcoming AGM to be held on 24 April.

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