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Tag: vivendi
Vivendi urges Consob to probe TIM governance issues
2019-03-18 08:58:00| Telecompaper Headlines
(Telecompaper) French media giant Vivendi has again urged the auditors of Telecom Italia (TIM) and Italian market regulator Consob to further investigate a series of governance issues at the operator. Vivendi, which remains TIM's top shareholder with a 24 percent stake, released a statement calling for an in-depth investigation after TIM's auditors issued a report indicating irregularities in the way information was shared with the company's board members prior to the sacking of chief executive Amos Genish in November. Vivendi claims board members appointed by US activist fund Elliott conspired to replace Genish, a former Vivendi executive.
Tags: issues
tim
probe
governance
Vivendi receives setback in its bid to retake TIM boardroom
2019-02-05 01:00:00| Total Telecom industry news
Telecom Italia's biggest shareholder, Vivendi, has suffered a setback in its quest to regain control of Telecom Italia's boardroom, as the firm's auditors denied its request to bring forward a proposed shareholder meeting by a month…read more on TotalTele.com »
Tags: bid
tim
receives
setback
Vivendi calls for shareholders meeting to change TIM board
2018-12-11 09:51:00| Telecompaper Headlines
(Telecompaper) The leading shareholder of Telecom Italia (TIM), France's Vivendi, has announced that it will be calling for a meeting to change the board at the Italian operator. The move comes after TIM's board decided not to convene a shareholders meeting to confirm the appointment of Luigi Gubitosi as the company's new chief executive or choose new auditors, which Vivendi said went against "all rules proper corporate governance" and is "a source of disorganisation".
Tags: change
board
meeting
calls
Vivendi posts 5.6% organic revenue growth in Q3, moves ahead with Universal Music stake sale
2018-11-16 10:23:00| Telecompaper Headlines
(Telecompaper) Vivendi reported group revenues of EUR 3.38 billion for the third quarter, representing an organic growth rate of 5.6 percent year-on-year. Universal Music remained the group's leading revenue-generating business, with sales worth EUR 1.50 billion, and the best performing division, posting an organic growth rate of 13.5 percent.
Vivendi slams TIM's 'disastrous' performance since Elliott took over
2018-09-06 08:42:00| Telecompaper Headlines
(Telecompaper) French media giant Vivendi has slammed the performance of Telecom Italia (TIM) since activist fund Elliott seized control of the operator's board in May. In a statement, the company said it's "deeply concerned by the disastrous management of Telecom Italia" since Elliott took control, describing TIM's market performance since then as "dramatic." TIM's share price has lost 35 percent since May, even though the fund had promised to double it within two years, added Vivendi, which remains largest shareholder with a 24 percent stake.
Tags: performance
took
elliott
disastrous
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