PARIS (Reuters) - Vivendi said on Thursday that a vote by activist fund Elliott Advisors in favour of Telecom Italia's boss Amos Genish on April 24 showed its "inconsistency".
Genish was backed by nearly all shareholders at a general meeting on Tuesday.
Elliott has built a stake of 9 percent in the former state telecom monopoly to try to shake up the way the French media group - which owns 24 percent - runs it.
"Vivendi notes the inconsistency of the activist fund Elliott Advisors in voting for Amos Genish on April 24, even though it contests the industrial plan which both he and all his management team support," the group said in a document online.
Elliott had not immediate comment to make.
(Reporting by Mathieu Rosemain; editing by Michel Rose)
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
