\tElliott Management is set to compromise with Vivendi on board representation to end a long-running battle for control of Telecom Italia and thrash out a common strategy for the operator, Bloomberg reported.<\/p>\n
The treaty would be the final chapter in a vicious row for control of the Italian operator after more than a year [1] of sporadic fighting.<\/p>\n
Details on the compromise are vague, but board changes are apparently scheduled for discussion by the operator\u2019s directors later this month. Vivendi is reportedly \u201curging caution\u201d on the issue.<\/p>\n
Telecom Italia\u2019s board is currently led by a slate of directors nominated by Elliott Management, which wrestled control from the operator\u2019s previous Vivendi-led executive team in May 2018.<\/p>\n
Vivendi was on the war path against the Italian incumbent\u2019s executive team as recently as the eve of the operator’s shareholder meeting in March. There it had prepared a motion to remove several board members before abandoning the move on the morning of the event [2].<\/p>\n
Subsequently Vivendi was accused at its own AGM of \u201closing its war in Italy [3]\u201d, a claim dismissed by company chairman Arnaud de Puyfontaine. Since then the French media giant has been muted on criticism of Elliott Management and Telecom Italia.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/vivendi-set-for-telecom-italia-battle-reports\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/vivendi-makes-11th-hour-u-turn-on-tim-demand\/
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/vivendi-refutes-claims-of-telecom-italia-defeat\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Elliott Management is set to compromise with Vivendi on board representation to end a long-running …<\/p>\n
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