Telecom Italia


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 […]

Mediaset faces challenge from holder of ex-Vivendi stock

Simon Fiduciaria, the company in which Vivendi placed the bulk of its shares in Italian broadcaster Mediaset to meet regulatory demands that it reduce its participation in the company, has demanded the suspension of the execution of resolutions passed by the Mediaset shareholders meeting in June relating to the creation of a medium and long-term […]

Elliott responds to Vivendi TIM assault

Activist investor Elliott Advisors has responded to Vivendi’s criticism of the performance of Telecom Italia (TIM) since the hedge fund’s boardroom coup earlier this year by blaming the company’s existing direction, set by Vivendi when it controlled the board. Vivendi last week condemned the “disastrous” performance of TIM since the boardroom coup engineered by private […]

Vivendi slams Elliott record as Telecom Italia shares nosedive

French media group Vivendi has expressed alarm at what it sees as the “disastrous” performance of Telecom Italia (TIM) since the boardroom coup engineered by private equity outfit Elliott earlier this year that saw Vivendi lose control of the company, in which it remains the largest shareholder. In a statement, Vivendi said it is “deeply […]

Vivendi sticking to plan for Canal+, says CEO

Vivendi plans to stick with its existing strategy to secure the future of Canal+, despite the loss of key football rights to Mediapro, and to focus on MyCanal as its flagship non-linear platform in the wake of the collapse in subscriptions to SVOD service CanalPlay, according to CEO Arnaud de Puyfontaine. Speaking to analysts following […]

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