Telecom Italia


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 […]

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 […]

Telecom Italia names Rai and TivùSat exec as public affairs chief

Telecom Italia (TIM) has appointed Alessandro Picardi, chairman of digital satellite platform TivùSat and director of strategic development for platforms at public broadcaster Rai, as its new chief of public affairs, reporting to CEO Luigi Gubitosi. Picardi replaces Francesco Russo, who is leaving the company. Prior to his current role at Rai, Picardi was Director […]

Vivendi condemns Elliott ‘time-wasting’ as shareholder meeting set for March

Vivendi has condemned what it describes as “time-wasting tactics” employed by Telecom Italia (TIM) board members backed by hedge fund Elliott Advisors who have successfully resisted its call for an immediate shareholders meeting, with the meeting now scheduled to take place on March 29. Vivendi  said that it notified the board on December 11 of […]

Vivendi triggers TIM shareholders meeting request as battle with Elliott heats up

Vivendi has triggered a request for a meeting of Telecom Italia’s   shareholders to appoint new auditors and has called for the dismissal of chairman Fulvio Conti and four other board members nominated by its rival for control of the Italian telco, Elliott Management. Vivendi has proposed the nomination of Franco Bernabè, Rob van der Valk, […]

Vivendi in move to reverse Elliott control of Telecom Italia

Vivendi has taken a step towards forcing a resolution of its battle with hedge fund Elliott Advisors for control of Telecom Italia (TIM) by calling for a shareholders’ meeting to appoint new financial auditors and replace five board members from Elliott’s slate of 10 that the French media giant says were involved in decisions that […]

Telecom Italia integrates Amazon Prime Video

Telecom Italia (TIM) has struck an agreement with Amazon to launch the Amazon Prime Video subscription video-on-demand service on the TIMVision set-top box. The addition of Amazon Prime Video to the TIMVision offering will bring Prime originals and other content to TIMVision customers that have subscripted to Amazon Prime, including The Marvelous Mrs. Maisel, Tom […]

Telecom Italia names new CEO

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 raises threat of legal action against Vivendi

The war between French media giant Vivendi and activist hedge fund Elliott Advisors to determine the future direction of Telecom Italia (TIM) has resumed in earnest following the forced departure of CEO Amos Genish this week. TIM has now issued a statement warning Vivendi against making “further false and misleading announcements whose only effect is […]

Telecom Italia CEO Genish ousted in latest twist in battle for control

Telecom Italia’s (TIM) board has ousted CEO Amos Genish at a meeting called early this morning, despite assurances issued earlier that no such meeting was planned. TIM said that the board had met and “deliberated by a majority vote to revoke with immediate effect all powers conferred to Director Amos Genish” with his powers to […]

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