Telecom Italia CEO seems to think separating network is not easy: Vivendi

Telecom Italia`s main shareholder Vivendi notes that the phone group`s chief executive seems to view separation of its fixed line network as not that easy, a Vivendi spokesman said on Tuesday.

Italian regulator AGCOM said over the weekend a proposal to legally separate the network drawn up by ex-chief executive Amos Genish, who was appointed when Vivendi controlled Telecom Italia`s (TIM) board, would not reduce its market sway.

U.S. activist fund Elliott, which seized control of TIM`s board last year in a battle with Vivendi, has pushed for the spin off of the network.

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Elliott-backed Luigi Gubitosi took over as CEO in November.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)