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Telecom Italia CEO Is Discussing Possible Exit With Vivendi

  • Vivendi is said to eye Genish to help run Italian carrier
  • Cattaneo is said concerned he can’t run carrier as he wants

Telecom Italia SpA Chief Executive Officer Flavio Cattaneo is negotiating a possible exit from the company after tensions increased in recent weeks with top shareholder Vivendi SA, according to people familiar with the matter.

Concerned that he can no longer manage Italy’s largest phone carrier the way he wants, Cattaneo doesn’t want to risk tarnishing his image and reputation by staying, said the people, who asked not to be identified discussing private talks. Vivendi, meanwhile, is unhappy with recent politically charged comments by Cattaneo that didn’t meet the company’s standards, the people said. Cattaneo may leave Telecom Italia after reporting first-half results on July 27, two of the people said.