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MILAN (Reuters) - Telecom Italia's main shareholder Vivendi believes in the phone company's new strategic plan but is ready to consider any move supported by shareholders to boost its share price, a Vivendi spokesman told Reuters on Wednesday.
The spokesman said Vivendi CEO and TIM Chairman Arnaud De Puyfontaine was ready to consider suspending his executive functions at the phone incumbent during the period devoted to this strategic debate.
"Elliott Management repeatedly attacks States and companies... and is known for its financial approach focused on short term gains, most probably leading in this case to dismantling TIM," the spokesman said.
Vivendi owns around 24 percent of TIM.
(Reporting by Agnieszka Flak, writing by Stephen Jewkes)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)