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Elliott Advisors (UK) Limited Statement on Telecom Italia

Apr 26, 2018 - Business Wire
Board and Executive Moves

Elliott Advisors (UK) Limited ("Elliott") today sent a new letter and a presentation to Telecom Italia ("TIM" or the "Company") shareholders calling upon shareholders to uphold best practice governance principles at TIM's upcoming shareholder meeting on May 4th.

Inadequate governance and poor stewardship have imposed a heavy cost on TIM's stakeholders for too long. Vivendi's repeated missteps and self-serving behaviour have eroded the value of TIM's shares and destroyed shareholder trust. ...