Vivendi sees current Telecom Italia CEO as short term solution, sources say


FILE PHOTO: The logo of Vivendi is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, April 22, 2021. REUTERS/Gonzalo Fuentes/File Photo

MILAN (Reuters) -Telecom Italia's top investor Vivendi sees the current CEO of the former phone monopoly as a short-term solution given the company's problems, two sources close the French media giant said on Friday.

TIM Chief Executive Luigi Gubitosi survived a boardroom showdown on Thursday at a meeting sought by Vivendi following two profit warnings in three months, but the French group is still calling his role into question.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read