Elliott Management


Telecom Italia chairman Conti may exit

Telecom Italia (TIM) chairman Fulvio Conti is considering resigning after just over a year in the role. Conti on Thursday confirmed a report by Italian daily newspaper La Repubblica that he was considering quitting, citing easing tensions between warring Telecom Italia shareholders Vivendi and Elliott Management. According to a separate report by Reuters, Conti’s resignation could […]

Elliott invests US$3.2bn in AT&T, slams DirecTV investment and WarnerMedia strategy

Activist investor Elliott Management’s funds have invested US$3.2 billion in AT&T and called for a radical overhaul of the US telco in the interests of “value creation”, including a potential sale of DirecTV. Elliott currently said that the US telco was underperforming the S&P 500 index by over 100 percentage points at a time when […]

Genish resigns from Telecom Italia board

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 moves towards Open Fiber talks

Telecom Italia (TIM) has revealed that it has signed a non-disclosure agreement with Cassa Depositi e Prestiti (CDP) and Enel with a view to starting talks about the possible sale of its fibre network. The discussions will centre around the potential integration of TIM’s fibre network with the Open Fiber infrastructure, owned by CDP and […]

Vivendi abandons move to replace Telecom Italia board

Vivendi has abandoned attempts to replace Telecom Italia (TIM) board members nominated by arch-foe Elliott Advisors and has said it is “prepared to give credit” to CEO Luigi Gubitosi’s request for it to withdraw its motion. Vivendi did not provide details about what Gubitosi had promised. The meeting of TIM shareholders requested by Vivendi as […]

Vivendi and Telecom Italia trade blows as shareholder meeting approaches

Vivendi and Telecom Italia (TIM) have again traded blows in the run-up to the March 29 shareholders meeting called by the French media group – TIM’s largest shareholder – in an attempt to wrest control of the company from a board dominated by members nominated by hedge fund Elliott Advisors. Vivendi has called on the […]

Elliott and Vivendi trade insults as Telecom Italia battle rages on

Media giant Vivendi and activist investor Elliott Management are continuing to engage in an increasingly aggressive war or words as the pair battle for the future of Telecom Italia (TIM), in which Vivendi remains the largest single shareholder. Responding to an appeal by Elliott to shareholders to reject Vivendi’s move to wrest control of the […]

Vivendi: Telecom Italia auditors’ report justifies claims

Vivendi has claimed that a statutory auditors’ report on Telecom Italia (TIM), released at the end of last week, confirms that the Italian telco’s chairman violated corporate laws and fundamental governance principles. Vivendi said that the report confirmed the existence of serious irregularities related to governance of the company and to its board, dominated by […]

TIM board approves talks with Open Fiber for possible sale of network

Telecom Italia’s (TIM) board has approved a new strategic plan that includes the opening of discussions with wholesale fibre network provider Open Fiber, with “all possible options” including a sale of the TIM network, on the table. CEO Luigi Gubitosi presented the three-year plan, which was accepted by the board with two abstentions. TIM said […]

TIM auditors board rebuffs Vivendi shareholder meeting move

Telecom Italia’s (TIM) board of statutory auditors has rebuffed Vivendi’s call for a shareholders’ meeting this month to discuss its call for the ejection of board members supported by hedge fund Elliott Management and the appointment of new auditors. Vivendi triggered a request for a meeting of the telco’s shareholders in December, following the dismissal […]

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