MILAN (Reuters) - Telecom Italia's main shareholder Vivendi notes that the phone group's chief executive seems to view separation of its fixed line network as not that easy, a Vivendi spokesman said on Tuesday.
Italian regulator AGCOM said over the weekend a proposal to legally separate the network drawn up by ex-chief executive Amos Genish, who was appointed when Vivendi controlled Telecom Italia's (TIM) board, would not reduce its market sway.
U.S. activist fund Elliott, which seized control of TIM's board last year in a battle with Vivendi, has pushed for the spin off of the network.
Elliott-backed Luigi Gubitosi took over as CEO in November.
(Reporting by Stephen Jewkes; editing by Francesca Landini)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
