Wednesday, 26 July 2017

Telecom Italia defends itself as Vivendi rejects share conversion

By Mary Lennighan, Total Telecom
Monday 14 December 15

Tension mounts at Italian telco as its major shareholder seeks to derail savings share conversion plan on the back of opposition to its proposal to appoint new directors.

Telecom Italia is sticking to its guns on the logic of its planned share conversion, despite the fact that biggest shareholder Vivendi has indicated that it will abstain from voting on the issue. The savings share conversion plan is in the interests of Telecom Italia as well as holders of its ordinary and savings shares, the Italian incumbent insisted on Saturday…

Telecom Italia is sticking to its guns on the logic of its planned share conversion, despite the fact that biggest shareholder Vivendi has indicated that it will abstain from voting on the issue. The savings share conversion plan is in the interests of Telecom Italia as well as holders of its ordinary and savings shares, the Italian incumbent insisted on Saturday…

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