Agcom rules that Vivendi no longer dominant at TIM

25 Oct 2018

French firm Vivendi has been ruled to no longer have control or a dominant influence at Telecom Italia (TIM). Reuters reports that Italy’s Communications Regulatory Authority (Autorita per le Garanzie nelle Comunicazioni, Agcom) made its decision in July, but the ruling has only just been made public.

In May this year Vivendi lost its majority presence on TIM’s board after US investment group Elliott narrowly won a shareholder vote, allowing it to nominate ten of the 15 board members. Vivendi remains TIM’s largest single shareholder, with a stake of around 24%.