Telecom Italia


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 […]

Telecom Italia chief welcomes regulator’s move on network separation

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 […]

Telecom Italia escapes fine over Vivendi control

Telecom Italia (TIM) has escaped being forced to pay a fine of €74.3 million for failing to communicate to the Italian state the fact that Vivendi had effective control of the operator. A Milan court suspended the fine and has said it will set out its reasons on July 4, according to a press report. […]

Telecom Italia strikes deal with Warner Bros for kids content

Telecom Italia (TIM) has struck an agreement with Warner Bros Entertainment Italia to include animated kids content on its TIMVision video offering. The deal means that a range of iconic Warner Bros cartoons, including Scooby Doo, Popeye and Tom & Jerry, will be offered to TIMVision subscribers. Other shows to be made available to TIMVision […]

Vivendi mulls options to recapture initiative in Telecom Italia battle

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 […]

Telecom Italia says content convergence is paying off

Telecom Italia (TIM) said that its “content convergence strategy” contributed to a 6.5% quarter-on-quarter increase in IPTV service TIMVision’s fixed customer base in the three months to March. Telecom italia’s added a total of 314,000 retail fixed subscribers year-on-year, in addition to 319,000 wholesale fixed customers. TIM now has 3.8 million fixed retail and wholesale […]

Mediaset to supply channels to Telecom Italia

Telecom Italia (TIM) and Mediaset have struck a commercial agreement that will result in TIMVision customers having access to Mediaset’s free-to-air linear channels and associated seven-day catch-up services. Under the terms of the deal, from January next year TIMVision subscribers will have access to online programming from Canale5, Italia1 and Retequattro, as well as the free-to-air themed channels La5, TGCom24, Mediaset […]

Vivendi loses control of Telecom Italia, but Genish stays on

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 […]

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