TIM bins CEO despite overseeing ‘major and extraordinary turnaround’
TIM has officially parted ways with its CEO Flavio Cattaneo, with forced smiles and uncomfortably firm handshakes.
TIM has officially parted ways with its CEO Flavio Cattaneo, with forced smiles and uncomfortably firm handshakes.
Italian mini-state San Marino is set to become the first ‘country’ to go 5G, with Telecom Italia using it as a testing ground for the next generation of wireless tech.
The potentially controversial Vivendi seizure of power at TIM is almost complete, as rumours circulate that CEO Flavio Cattaneo is heading towards the door.
Telefonica is reported getting creative in its battle to reduce debts as it backs Mediaset in an on-going legal battle against Vivendi.
Having got the green light from the European Commission Vivendi has replaced the artist formerly known as Telecom Italia’s Chairman with its own CEO.
The European Commission has said it’s got no problem with Vivendi acquiring ‘de facto control’ over Telecom Italia so long as the latter flogs its stake in a services group.
Vivendi seemed to take another step towards control of Telecom Italia, with two thirds of the Italian operator’s Board now comprised of Vivendi nominees.
Vivendi has been hoarding stakes in both Telecom Italia and Mediaset and the Italian communication authority – Agcom – has said it’s got to pick one or the other.
French conglomerate Vivendi is thinking of making its own Chief Exec – Arnaud de Puyfontaine – Chairman of Telecom Italia, according to a Reuters report.
Apparently inspired by L’Oreal, Telecom Italia (TIM) CEO has responded to criticisms of his ample remuneration by effectively saying ‘because I’m worth it.’
Telecom Italia has confirmed the appointment of Vivendi CEO Arnaud de Puyfontaine to the board as deputy chairman.
French conglomerate Vivendi has entered into a strategic partnership with Italian media company Mediaset, with the aim of taking on the likes of Netflix and Sky in the OTT and premium video markets.
Telecom Italia wasted little time in appointing experienced Italian Flavio Cattaneo to the CEO role vacated when Marco Patuano resigned nine days ago.
Besieged operator Telecom Italia has been forced to admit it is in negotiations with CEO Marco Patuano over the terms of his expected resignation.
French conglomerate Vivendi has further increased its shareholding in Telecom Italia to 24.9%, just below the level that would require a formal takeover bid to be made.
The big Telecom Italia shareholder showdown concluded decisively in favour of French conglomerate Vivendi, which owns a fifth of its shares.
Ahead of the Telecom Italia AGM scheduled for tomorrow the company and its largest shareholder – Vivendi – have been adopting increasingly antagonistic public positions.
Telecom Italia’s top shareholder Vivendi has demanded four seats on the telco’s board as the strategy of the telecoms group could become a point of contention among shareholders.
French media conglom Vivendi has been linked with a takeover of European pay TV giant Sky, in a deal that could be worth as much as £28 billion (US$41.8 billion), reports TBI Vision.
French cable group Altice has announced it has made a formal bid to acquire the remaining 20% of its recently acquired subsidiary SFR’s shares from previous majority owner Vivendi. The billionaire Patrick Drahi-led company and the newly formed Numericable-SFR have made an offer to pay €40 per share.
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