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Vivendi snubs Telecom Italia share conversion plans

2015-12-14 08:47:00| Telecompaper Headlines

(Telecompaper) French media conglomerate Vivendi, currently Telecom Italia's biggest shareholder with a 20.1 percent stake, has announced that it will abstain from voting on the Italian operator's plan to convert its savings shares into ordinary stock at a 15 December meeting, meaning the plan is unlikely to be approved. If Telecom Italia completes its plan, Vivendi's holding could be diluted to 13.9 percent. Telecom Italia subsequently issued a statement defending the planned conversion, stressing that it was in the interests of all its shareholders and had been welcomed by analysts.

Tags: share plans italia conversion

Vivendi CEO Signals Impatience With Telecom Italia

2015-12-14 01:21:33| Telecom - Topix.net

French media company Vivendi SA signaled its impatience with top management at Telecom Italia SpA on Sunday, as its push to gain seats on the Italian telecom's board risks foundering.

Tags: italia ceo telecom signals

Telecom Italia defends itself as Vivendi rejects share conversion

2015-12-14 01:00:00| Total Telecom industry news

Tension mounts at Italian telco as its major shareholder seeks to derail savings share conversion plan on the back of opposition to its proposal to appoint new directors.

Tags: share italia conversion telecom