Tim, what happens between the board, Vivendi and the government

Tim, what happens between the board, Vivendi and the government

All the latest news in Tim including Vivendi's expectations, government wishes and decisions of the board of directors on a list for the next meeting of the former Telecom Italia

What happens in the Telecom home? Here are the latest news with yesterday's decisions of the board of directors.

FIBERCOP DOSSIER FOR TIM

The marriage between the Telecom subsidiary, FiberCop , and Open Fiber, owned by Enel and Cdp, is still on the high seas. With the precarious balance of the government then, Vivendi's French fear they will lose more precious time.

THE SMOOTH INTENTIONS OF VIVENDI

For this reason, the leaders of Vivendi, owner of 23.9% of Tim and partner with 29.9% of Mediaset, according to rumors in recent days, were considering the possibility of questioning the current structure of the former board. monopolist by presenting its own list for the board expiring with the approval of the 2020 budget. "The clock is ticking," Vivendi's president Arnaud de Puyfontaine would have explained to the Messenger .

WHAT IS SAYING IN FRANCE ABOUT TIM

In truth, there was no split unanimously the Telecom board yesterday sent the chairman Salvatore Rossi to "coordinate the preparatory activities for the definition of a list of candidates proposed by the board itself", making use of an option provided for by the statute .

THE CANDIDATES FOR THE NEXT BOARD

The goal is to arrive at a list of candidates in time for the board of directors on February 23, which will also approve the business plan. Also because, as the former monopolist explains, "the state does not have the will of any shareholder to present a list aimed at appointing the majority of directors".

THE ROLE OF ELLIOT

However, the French who are losing 3 billion in the Italian adventure. And the activist fund Elliott, which together with the CDP expressed the current majority in the council, is more secluded than in the past.

CHAPTER UNITARY NETWORK OF TIM AND OPEN FIBER

The executive has for some time been pushing for the creation of the single network, which Telecom would also like. Provided to keep the majority in the capital. And this is precisely the biggest problem since a large part of the M5s is in favor of a new generation network under public control.

THE MEDIASET MATCH

In this context, the game for the control of Mediaset is grafted, which is the real prey to which the Breton financier Vincent Bolloré has always aimed. The French did not go down with the Mediaset save launched by the government just before Christmas. De Puyfontaine also met with Conte and the Minister of Economy, Roberto Gualtieri, to protest against the rule that has secured the Berlusconi family group by entrusting Agcom with the task of monitoring information pluralism.

THE ROLE OF THE GOVERNMENT

A rule that is, however, a sort of ace up the sleeve of Conte struggling with the precarious balance of the Senate. The French protest would therefore have been worthless.


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/tim-che-cosa-succede-fra-board-vivendi-e-governo/ on Thu, 21 Jan 2021 08:44:18 +0000.