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Telecom Italia CEO discusses future with Vivendi executives

2016-03-04 10:28:00| Telecompaper Headlines

(Telecompaper) Telecom Italia CEO Marco Patuano has held a meeting with Vivendi executives in Paris to discuss strategy issues amid signs that the French media group is reviewing his position, according to unnamed sources cited by Bloomberg. Patuano's term as CEO is due to end in a year and Vivendi is said to be losing patience with his leadership after investing some EUR 3.5 billion to increase its stake in the Italian operator to 23.8 percent. The sources said the executives discussed issues such as cutting costs, revamping Telecom Italia's domestic business as well as options for Brazilian unit Tim Participacoes.

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