Activist Fund Elliott Has 6 Percent Of Telecom Italia: La Repubblica Website - FbiCables Network | The News that Shapes World Opinion

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Tuesday, March 06, 2018

Activist Fund Elliott Has 6 Percent Of Telecom Italia: La Repubblica Website


FILE PHOTO: Telecom Italia logo is seen at the headquarters in Milan
FILE PHOTO: FILE PHOTO: Telecom Italia logo is seen at the headquarters in Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo/File Photo
March 6, 2018
MILAN (Reuters) – Activist investor Elliott Management has bought 6 percent of Telecom Italia <TLIT.MI> and plans to challenge top shareholder Vivendi <VIV.PA> by presenting an alternative business plan for the Italian phone group, la Repubblica daily reported on its website.
Bloomberg reported on Monday Elliott was building a stake in Telecom Italia.
Both Telecom Italia, whose board meets on Tuesday to approve a new business plan, and Elliott declined to comment.
Shares in Telecom Italia rose 5.3 percent by 0912 GMT.

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