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Vivendi open to TIM’s chairmanship role in boardroom war

by Mike Robinson

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© Reuters. FILE PHOTO: A Vivendi signal is seen on the firm’s headquarters in Paris, France, April 8, 2015. REUTERS/Gonzalo Fuentes/File Photograph

ROME (Reuters) – France’s Vivendi (OTC:) is open to the potential for putting in its CEO Arnaud de Puyfontaine as chairman of Telecom Italia (MI:) (TIM) so as to talk about with Italy’s authorities methods to relaunch the telephone group, sources stated.

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, wished to behave in settlement with the Italian authorities.

Rome is TIM’s second-biggest investor by its state lender Cassa Depositi e Prestiti (CDP).

The chairmanship position is an choice underneath dialogue within the boardroom battle which sees Vivendi difficult the position of TIM’s Chief Govt Luigi Gubitosi, the 2 sources, near the matter, advised Reuters.

Vivendi and TIM each declined to remark.

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