Finance
Telecom Italia considers delaying annual general meeting, sources say
Published by Global Banking and Finance Review
Posted on February 26, 2025
2 min readLast updated: January 25, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 26, 2025
2 min readLast updated: January 25, 2026
Telecom Italia is considering delaying its AGM to June due to strained relations with Vivendi, affecting key shareholder decisions.
MILAN (Reuters) - Telecom Italia (TIM) is considering pushing back to as late as June its annual shareholder meeting currently scheduled for April 10, two sources close to the matter told Reuters.
TIM's directors could discuss the potential postponement at a board meeting on Friday, one of the sources said. TIM declined to comment.
At the annual meeting, in addition to its full-year earnings and top management pay, TIM could put to a shareholder vote actions on its share capital that would help it restart investor remuneration, the two sources said.
A delay would buy TIM time at a moment when relations with its top shareholder Vivendi are strained, which increases uncertainty around the outcome of the vote on the items TIM will include in the general meeting's agenda.
After failing to stop TIM's landmark disposal of its landline grid, Vivendi has challenged the deal in court.
It is now considering selling its stake in the phone group, and has held talks with private equity firm CVC, sources have previously said.
The potential transaction, however, has been put on hold by the Italian government, which has special vetting powers on TIM and must clear any stake acquisition in the group bigger than 3%.
Meanwhile, state-controlled Poste Italiane this month became a TIM shareholder by taking a 9.8% stake which was previously held by state lender Cassa Depositi e Prestiti.
(Reporting by Elvira Pollina; Editing by Valentina Za)
The main topic is Telecom Italia's consideration to delay its annual general meeting amid tensions with its top shareholder, Vivendi.
The delay would allow more time to address strained relations with Vivendi and uncertainties regarding shareholder decisions.
Vivendi is Telecom Italia's top shareholder and is considering selling its stake, adding to the uncertainty of the AGM outcomes.
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