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Vivendi to abstain in Telecom Italia board renewal vote
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Vivendi to abstain in Telecom Italia board renewal vote
Apr 22, 2024 9:52 AM

MILAN, April 22 (Reuters) - Telecom Italia (TIM)

top investor Vivendi has decided to abstain

from voting for any slate of candidates for the board renewal at

the former phone monopoly, the French media group said in a

statement on Monday.

The move puts outgoing TIM Pietro Labriola on course for a

second term where he will focus on a revamp centred on a planned

sale of the former phone monopoly's fixed-line access network to

U.S. fund KKR. TIM shareholders will vote on Tuesday on

the board renewal.

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