TIM’s grid sale needs extraordinary shareholder vote – source close to Vivendi

MILAN (Reuters) – Telecom Italia (TIM) top investor Vivendi remains convinced that any decision on the sale of the former phone monopoly’s grid needs to be voted at an extraordinary shareholder meeting, a source close to the French media giant said on Friday.

Vivendi has a 24% voting stake in TIM and has expressed reservations on plans to sell Telecom Italia’s most valuable asset.

(Reporting by Elvira Pollina, editing Federico Maccioni)

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