ROME (Reuters) – France’s Vivendi is open to the potential of putting in its CEO Arnaud de Puyfontaine as chairman of Telecom Italia (TIM) to be able to focus on with Italy’s authorities methods to relaunch the cellphone group, sources mentioned.
Reuters reported this week the French media big, in demanding a change after all at Italy’s largest telecoms firm after two revenue warnings in three months, needed to behave in settlement with the Italian authorities.
Rome is TIM’s second-biggest investor via its state lender Cassa Depositi e Prestiti (CDP).
The chairmanship function is an possibility below dialogue within the boardroom conflict which sees Vivendi difficult the function of TIM’s Chief Government Luigi Gubitosi, the 2 sources, near the matter, informed Reuters.
Vivendi and TIM each declined to remark.
(Reporting by Elvira Pollina in Milan and Giuseppe Fonte in Rome, further reporting by Agnieszka Flak, enhancing by Giulia Segreti)