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Vivendi CEO denies company wants to call Telecom Italia shareholder meeting on board

Published 10/19/2018, 03:57 AM
Updated 10/19/2018, 04:00 AM
© Reuters. FILE PHOTO: Vivendi's Chairman of the Management Board Arnaud de Puyfontaine attends the media group company's shareholders meeting in Paris, France

ROME (Reuters) - A report Vivendi (PA:VIV) is thinking of calling a shareholder meeting at Telecom Italia (MI:TLIT) to appoint four more board members are off the mark, the French media group's CEO said.

"What I read is not a reality of the moment," Arnaud de Puyfontaine said on Friday on the sidelines of a conference.

Vivendi is Telecom Italia's leading shareholder.

Last May activist fund Elliott wrestled board control from the media giant after a two-month campaign to shake up the way the French group had been running the former telecoms monopoly.

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