Telecom Italia Puts Off Action on Bid With Key Investor Absent
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Telecom Italia SpA’s board of directors delayed action on the multibillion-euro sale of its network after a key investor was unable to attend their meeting, according to people familiar with the matter.
The board postponed action Friday because representatives of French media conglomerate Vivendi SE, the company’s largest shareholder, couldn’t attend, said the people, who asked not to be identified because the deliberations aren’t public.