Vivendi has Decided to Abstain From Voting on Telecom Italia’s Board of Directors Renewal at the April 23, 2024 AGM

PARIS--(BUSINESS WIRE)--Regulatory News: Vivendi (Paris:VIV) wishes to reiterate that it has been a supportive shareholder of Telecom Italia (TIM) since May 2015. Following the arrival of the Elliott fund at the 2018 TIM shareholders’ meeting, Vivendi lost influence over TIM which has suffered from the failure of Elliott’s plan. In addition, following the resignation of its two representatives from TIM’s Board of Directors, Vivendi ceased to account for its interest in TIM under the equity meth