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InvestmentsVivendi open to TIM's chairmanship role in boardroom war

Vivendi open to TIM’s chairmanship role in boardroom war


© Reuters. FILE PHOTO: A Vivendi signal is seen on the firm’s headquarters in Paris, France, April 8, 2015. REUTERS/Gonzalo Fuentes/File Photo

ROME (Reuters) – France’s Vivendi (OTC:) is open to the opportunity of putting in its CEO Arnaud de Puyfontaine as chairman of Telecom Italia (MI:) (TIM) in order to talk about with Italy’s authorities methods to relaunch the telephone group, sources mentioned.

Reuters reported this week the French media large, in demanding a change in fact at Italy’s largest telecoms firm after two revenue warnings in three months, wished to act in settlement with the Italian authorities.

Rome is TIM’s second-biggest investor by means of its state lender Cassa Depositi e Prestiti (CDP).

The chairmanship role is an possibility beneath dialogue in the boardroom war which sees Vivendi difficult the role of TIM’s Chief Executive Luigi Gubitosi, the 2 sources, shut to the matter, advised Reuters.

Vivendi and TIM each declined to remark.

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