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Vivendi SA (VIV.PA)

VIV.PA on Paris Stock Exchange

25.89EUR
18 Apr 2019
Change (% chg)

€0.21 (+0.82%)
Prev Close
€25.68
Open
€25.79
Day's High
€25.94
Day's Low
€25.62
Volume
3,817,260
Avg. Vol
3,151,135
52-wk High
€26.69
52-wk Low
€20.40

Latest Key Developments (Source: Significant Developments)

Altice Europe Expects Group Net Debt to Reduce "Significantly" in 2019 - CEO
Thursday, 11 Apr 2019 

April 11 (Reuters) - Altice Europe NV ::ALTICE EUROPE CEO SAYS HE EXPECTS GROUP NET DEBT TO REDUCE "SIGNIFICANTLY" IN 2019.ALTICE EUROPE CEO SAYS FRENCH UNIT WILL "FOR SURE" BROADCAST THE COUNTRY'S NATIONAL SOCCER CHAMPIONSHIP, WHOSE RIGHTS ARE OWNED BY MEDIAPRO.ALTICE EUROPE CEO SAYS FRENCH UNIT HAS THE FINANCIAL CAPACITY TO DISTRIBUTE NEXT YEAR THE BRITISH PREMIER LEAGUE, WHOSE RIGHTS ARE OWNED BY VIVENDI'S CANAL PLUS.  Full Article

Fitch cuts Telecom Italia's debt rating to 'BB+'
Monday, 8 Apr 2019 

April 8 (Reuters) - Telecom Italia::FITCH DOWNGRADES RATING TO 'BB+' OUTLOOK STABLE.FITCH SAYS DOWNGRADE REFLECTS BREACH OF OUR FUNDS FROM OPERATIONS (FFO)-ADJUSTED NET LEVERAGE THRESHOLD FOR A 'BBB-' RATING.BREACH PRIMARILY DRIVEN BY SPECTRUM COSTS AND LOWER-THAN-EXPECTED FREE CASH FLOW GENERATION.TELECOM ITALIA'S FUNDS FROM OPERATIONS IN 2018 AROUND 10 PERCENT LOWER THAN EXPECTED.COMPETITIVE PRESSURES ON EBITDA, RESTRUCTURING COSTS AND NEGATIVE WORKING CAPITAL REQUIREMENTS LIKELY TO CONSTRAIN TELECOM ITALIA'S DELEVERAGING CAPACITY IN NEXT 2-3 YRS.  Full Article

Vivendi Calls For Independent Board After Telecom Italia Audit Report
Monday, 11 Mar 2019 

March 11 (Reuters) - VIVENDI SA ::SAID ON FRIDAY IT IS EXTREMELY CONCERNED ABOUT THE OUTCOME OF THE TELECOM ITALIA <<>> STATUTORY AUDITORS REPORT CONFIRMING SERIOUS IRREGULARITIES TO GOVERNANCE OF COMPANY .REPORT REVEALS CHAIRMAN OF TIM BOARD VIOLATED CORPORATE LAWS AS WELL AS BASIC GOVERNANCE RULES .REPORT CONFIRMS EXISTENCE OF A "SHADOW BOARD OF DIRECTORS" COMPRISED OF ONLY ELLIOTT-NOMINATED BOARD MEMBERS.REPORT SAYS "SHADOW BOARD OF DIRECTORS" WAS ASSISTED FOR THE OCCASION BY LEGAL ADVISORS HAVING PREVIOUS ADVISED ELLIOTT.CO SAYS THE FACTS DESCRIBED IN THE REPORT SHOW A DISSEMINATION OF PRIVILEGED INFORMATION TO THIRD PARTIES PRIOR TO A BOARD MEETING.CO CONFIRMS BELIEF THAT TIM SHAREHOLDERS MUST PUT IN PLACE A TRULY INDEPENDENT BOARD AT MARCH 29 MEETING.  Full Article

Elliott Associates - Believe Securities Of Telecom Italia Are Undervalued, Represent Attractive Investment Opportunity
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Elliott Associates: :ELLIOTT ASSOCIATES - BELIEVE THE SECURITIES OF TELECOM ITALIA ARE UNDERVALUED AND REPRESENT AN ATTRACTIVE INVESTMENT OPPORTUNITY - SEC FILING.ELLIOTT HAS INCREASED STAKE IN TELECOM ITALIA TO 9.4 PERCENT FROM 8.8 PERCENT - SEC FILING.ELLIOTT ASSOCIATES-AS OF JAN 30, 2019 ELLIOTT, ELLIOTT INTERNATIONAL,EICA HAVE BENEFICIAL OWNERSHIP OF ABOUT 9.4% OF TELECOM ITALIA'S ORDINARY SHARES.ELLIOTT ASSOCIATES-HAVE INCREASED THEIR BENEFICIAL OWNERSHIP OF TELECOM ITALIA FROM THEIR LAST REPORTED 13D FILING ON APRIL 9, 2018 FROM 8.8% TO 9.4%.  Full Article

Elliott says Vivendi's request on Telecom Italia is latest bid to take control
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Investment company and Telecom Italia shareholder Elliott says::VIVENDI’S REQUEST FOR TELECOM ITALIA BOARD REPLACEMENT REPRESENTS ITS LATEST EFFORT TO TAKE BACK CONTROL OF TELECOM ITALIA AND RUN THE COMPANY FOR ITS OWN BENEFIT.TELECOM ITALIA SHAREHOLDERS SHOULD NOT TURN THE COMPANY BACK OVER TO VIVENDI, SHOULD INSTEAD GIVE NEW INDEPENDENT BOARD AND NEW CEO TIME TO EXECUTE STRATEGY, CREATE VALUE.  Full Article

TIM Board Accepts Request Of Shareholder Vivendi To Call Shareholders' Meeting
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Telecom Italia ::BOARD APPROVES REQUEST OF SHAREHOLDER VIVENDI TO CALL SHAREHOLDERS' MEETING.CONSEQUENT INCLUSION OF TOPICS REQUESTED TO BE DEALT WITH IN COMBINED MEETING TO BE HELD ON 29 MARCH.SHAREHOLDERS' MEETING TO BE HELD ON 29 MARCH IS ALSO CALLED, SIMULTANEOUSLY, TO REVIEW OF FY 2018 FINANCIAL STATEMENTS.'OBVIOUS' NON-AVAILABILITY AT PRESENT OF FY RESULTS REQUIRES TO RESERVE RIGHT TO ADD TOPIC OF DIVIDEND AT LATER DATE.REVIEW OF DRAFT FINANCIAL STATEMENTS HAS BEEN BROUGHT FORWARD FROM 26 FEB TO 21 FEB.  Full Article

Italy regulator launches public consultation on TIM's network separation plan
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Italian communications regulator AGCOM says: :LAUNCHES PUBLIC CONSULTATION PROCESS ON TELECOM ITALIA'S PLAN TO LEGALLY SEPARATE ITS NETWORK.HAS UPDATED PRICES FOR NETWORK ACCESS FOR PERIOD 2019-21.  Full Article

Italy studying 15-bln-euro broadband company with 30,000 TIM staff - paper
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Italian daily Il Messaggero reports::ITALY GOVERNMENT PLAN VALUES ASSETS TO BE TRANSFERRED TO NEW BROADBAND NETWORK COMPANY AT 15 BLN EUROS - IL MESSAGGERO NEWSPAPER CITING DOCUMENT.TELECOM ITALIA (TIM) WOULD POCKET LARGER PORTION OF 15 BLN EURO FIGURE - PAPER.ITALY GOVERNMENT PLAN EXPECTS NEW COMPANY TO GENERATE REVENUES OF 5 BLN EUROS A YEAR WITH OPERATING MARGIN OF 2 BLN EUROS - PAPER.ITALY GOVERNMENT PLAN ENVISAGES INVESTING 5 BLN EUROS OVER NEXT FIVE YEARS TO FURTHER DEVELOP NETWORK - PAPER.ITALY GOVERNMENT PLAN FOR BROADBAND COMPANY ENVISAGES TRANSFERRING TO NEW ENTITY 30,000 TELECOM ITALIA STAFF - PAPER.  Full Article

Telecom Italia Says Board Appointed Luigi Gubitosi As CEO
Sunday, 18 Nov 2018 

Nov 18 (Reuters) - Telecom Italia ::BOARD OF DIRECTORS APPOINTS LUIGI GUBITOSI CEO.FOLLOWING APPOINTMENT AS CEO, GENERAL MANAGER, GUBITOSI QUALIFIES AS EXECUTIVE DIRECTOR, NO LONGER SITS ON CONTROL AND RISK COMMITTEE.GUBITOSI TO RECEIVE COMPENSATION CORRESPONDING TO THAT ATTRIBUTED TO HIS PREDECESSOR, THEREFORE IN LINE WITH CO'S REMUNERATION POLICY.  Full Article

Italy's govt has no preference on new Telecom Italian CEO - Di Maio
Friday, 16 Nov 2018 

Nov 16 (Reuters) - Italian Deputy Prime Minister and Industry Minister Luigi Di Maio tells reporters::GOVERNMENT HAS NO PREFERENCE OVER WHO SHOULD BE THE NEW CEO OF TELECOM ITALIA.  Full Article

UPDATE 1-Mediaset to make decision on pan-European TV project by July 25 board meeting -CEO

COLOGNO MONZESE, Italy, April 18 Italy's Mediaset will make a decision on a possible pan-European free-to-air television alliance by the time of a July 25 board meeting, its chief executive said on Thursday.