Vivendi open to TIM’s chairmanship role in boardroom war – sources

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Reuters reported this week the French media giant, in demanding a change of course at Italy’s largest telecoms company after two profit warnings in three months, wanted to act in agreement with the Italian government.

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

The chairmanship role is an option under discussion in the boardroom war which sees Vivendi challenging the role of TIM’s Chief Executive Luigi Gubitosi, the two sources, close to the matter, told Reuters.

Vivendi and TIM both declined to comment.

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