Italy


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 […]

Italian watchdog to probe Mediaset-Sky deal

Italy’s antitrust authority is opening a probe into the sale by Mediaset of its digital-terrestrial pay TV platform, R2, on which its Mediaset Premium offering sits. According to the watchdog, the probe will look into the competition impact of the agreement on the pay TV market, noting that Mediaset Premium has in the past represented […]

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 […]

Netflix testing higher pricing in Italy again

Netflix is once again testing higher prices for its packages in the Italian market, according to a report by Italian website Smartworld.it. According to the report, Netflix is testing two different price ranges with selected potential new subscribers to the service. The first comes with a basic subscription of €7.99, the price of the current […]

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 […]

Mediaset claims victory in legal battle with Facebook

Italian broadcaster Mediaset has claimed victory in a milestone legal battle with Facebook over violation of copyright and defamation, with a Rome court holding the social network responsible for hosting unauthorised links to Mediaset content. The case dates back to 2012. According to Mediaset, anonymous users opened a Facebook page dedicated to a cartoon, Kilari, […]

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 […]

Malta’s Melita hires former Telecom Italia chief to launch service in Italy

Maltese cable operator Melita is to provide broadband services in Italy over the Open Fiber wholesale network and has hired former Telecom Talia CEO Riccardo Ruggiero to head up its efforts in the country. Melita Italia will kick off its high-speed broadband offering in April, using the Open Fiber network to provide services in Catania, […]

Vivendi condemns Elliott’s move to up stake in Telecom Italia

Vivendi has condemned what it sees as a move by its rival for the control of Telecom Italia (TIM), Elliott Advisors, to take advantage of the ongoing decline in TIM’s share price to acquire more stock. Responding to an SEC filing that revealed that Elliott has increased its stake in TIM to 9.4%, up from […]

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