Vivendi committed as TIM shareholder

29 Oct 2021

French media and communications firm Vivendi says it is committed to supporting Telecom Italia (TIM) as its largest shareholder, despite disappointing financial results from the Italian telco. A report from Reuters cites an unnamed Vivendi source as saying: ‘Vivendi will continue to accompany TIM to achieve its objectives in partnership with the Italian institutions. Vivendi may also see how the group can contribute more generally in the Italian economy as a long term partner.’ TIM this week reported declines in third quarter revenues and core profits.

Italy, Telecom Italia Group (TIM Group), Vivendi