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Italy to put Golden Power rules into operation at TIM.

Authors :
Burkitt-Gray, Alan
Source :
Global Telecoms Business; 11/6/2017, p10-10, 1p
Publication Year :
2017

Abstract

The article reports on the move by the Italian Council of Ministers to impose corporate governance rules on TIM, formerly known as Telecom Italia, in response to French company Vivendi's shareholding. The Golden Power instruction from the council requires TIM and its subsidiaries Sparkle and Telsy to assign national security functions to a member of the board of directors who is an Italian citizen, among other requirements. Vivendi owns a 24% stake in TIM.

Details

Language :
English
ISSN :
09697500
Database :
Complementary Index
Journal :
Global Telecoms Business
Publication Type :
Periodical
Accession number :
126144987