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Exclusive: Vivendi ready to support other investor-backed strategy at Telecom Italia to boost share price

Reuters  |  MILAN 

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.Last week activist fund Elliott Advisors said it had taken a stake in Telecom Italia (TIM) and was ready to replace board members in a drive to improve strategy, value and governance.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 ...

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First Published: Wed, March 14 2018. 23:31 IST