TI Telecom Italia S.P.A. New

   By Alberto Delclaux 
 

Activist investor Elliott Management Corp. has raised its stake in Telecom Italia SpA (TIT.MI) to 8.8%, according to a regulatory filing on Monday.

The news comes as Elliott pressures Vivendi SA (VIV.FR), holder of a 24% Telecom Italia stake, for changes at the telecoms company. The power struggle between the two recently triggered the resignation of eight Vivendi-affiliated board members, forcing a complete reshuffle of the board.

Shareholders will vote for a new board on May 4.

Read more about the Telecom Italia tug-of-war on: https://on.wsj.com/2GKAIUX

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

April 09, 2018 09:20 ET (13:20 GMT)

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