October 27, 2021
Milan (Reuters) – Vivendi, a top investor at Telecom Italia (TIM), has promised to support Italy’s largest telecommunications group despite its disappointing performance, sources close to the French media group said. Said on Wednesday.
Comments were received after TIM announced a decline in third-quarter earnings and core earnings.
Sources acknowledged that the trend in TIM’s results was not in line with expectations, but Vivendi said it was ready to help TIM reach that goal.
“Vivendi will continue to accompany TIM to work with Italian institutions to achieve its goals. Vivendi will also understand how the Group can contribute more generally to the Italian economy as a long-term partner. It may be, “the source added without elaborating.
(Report by Elvira Polina, Written by Valentina Za, Edited by Leslie Adler)
Despite the disappointing results, Vivendi has committed to TIM-source
Source link Despite the disappointing results, Vivendi has committed to TIM-source