Vivendi pushes for bigger role in Telecom Italia in challenge to CEO: Sources

MILAN/ROME: Telecom Italia’s top investor Vivendi wants to play a bigger role at Italy’s largest telecoms group, calling into question the position of CEO Luigi Gubitosi after two profit warnings in the span of months, two sources close to the matter said.

French media giant Vivendi, which holds a 23.8% stake in Telecom Italia (TIM), wants to discuss proposals to relaunch the group and extract value from its key landline grid with the Italian government, they added.

Vivendi declined to comment, reiterating its commitment to contribute to the long term success of TIM.