Roberto Capone was re-elected as
the chairman of Telecom Italia's (TIM) board of auditors on
Tuesday in a defeat at the general meeting for the company's
biggest stakeholder, French group Vivendi.
The holders of over 58% of TIM's capital voted for Capone to
stay on, while 39.29% were against, including Vivendi, which has
a 23.94% stake.
The development is part of a battle between TIM's top two
stakeholders that is expected to see a showdown over board
appointments at another meeting in 10 days.
Activist fund Elliott had called for six board members
nominated by Vivendi to be replaced.
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