Amos Genish, the Vivendi-backed former CEO of Telecom Italia (TIM) who was ousted in a dramatic boardroom coup last November, has resigned from the TIM board. Genish, who was removed as CEO after a series of moves engineered by activist investor Elliott Management and its backers, will be replaced as a Vivendi representative on the […]
Telecom Italia (TIM) has named Alitalia president and former Wind CEO Luigi Gubitosi as its new CEO, replacing Amos Genish, who was ousted in a boardroom coup last week. Following his appointment, Gubitosi will sit as a non-independent executive director and will no longer sit on the company’s control and risk committee. Gubitosi joined the […]
Telecom Italia (TIM) has issued an assurance that it has no plans to call an extraordinary session of its administrative board that could see a move to oust CEO Amos Genish, according to multiple press reports. According to a report by Italy’s Il Messagero, a number of members of the board, supported by hedge fund […]
Telecom Italia CEO Amos Genish has welcomed a decision by communications regulator AGCOM to launch a public consultation on the telco’s plans for the separation of its network arm. Speaking on the sidelines of a meeting for the presentation of the company’s annual report, Genish said that he was nevertheless concerned about moves to push […]
Vivendi is looking into convening a new Telecom Italia (TIM) shareholders meeting to “reorganise” the telco’s board of directors following its loss of control of the telco’s board to a slate supported by activist investor Elliott Advisors. Speaking to analysts after Vivendi posted its Q1 numbers, CEO Arnaud de Puyfontaine, who was also TIM chairman […]
Vivendi lost control of Telecom Italia (TIM) at the end of last week, with its bitter rival Elliott Advisors securing a bigger share of votes and hence a majority for its slate of proposed board members. Elliott’s victory meant that its slate secured two thirds of the seats on the TIM board. Fulvio Conti, one […]
Telecom Italia has contested a headline in the Sunday Telegraph that implied interim chief executive Amos Genish would quit if hedge fund Elliott Advisors wins its battle with Vivendi for control of the strategic direction of the telco. Telecom Italia characterised the headline – “Telecom Italia boss ‘ready to quite’ over activist” – rather than […]
Telecom Italia (TIM) has named Elisabetta Romano as its new chief technology officer. Romano, who will join the company on July 1, will report to CEO Amos Genish. She previously headed up Ericsson’s TV and media division before taking over as head of the technology outfit’s core networks division, focusing on the development of connectivity […]
Vivendi scored a partial victory at the first of Telecom Italia’s (TIM) two shareholders’ meetings that will decide the destiny of the operator, which confirmed the appointment of Amos Genish as TIM’s CEO. The ordinary shareholders’ meeting also approved the company’s 2017 financial statements and the distribution of a dividend of 2.75 cents a share […]
Telecom Italia (TIM) expects the number of subscribers to its TIMVision on-demand service to triple by 2020, up from 1.3 million on its fixed network at the end of 2017. TIM set the objective as part of its 2020 strategic plan, approved this week by the company’s board. TIM said that convergence and growing demand […]
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