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Genish told La Repubblica “greater alignment between shareholders, management and the board were needed” to support the company’s growth. Under Genish, who was appointed when Vivendi controlled the board, TIM is working on a three-year turnaround plan focusing on a digital transformation and fixing the group’s finances. The former state phone monopoly has been facing growing challenges in fixed-line and mobile businesses as broadband group Open Fiber rolls out a rival fiber optic network and after French telecoms group Iliad (ILD.PA) entered Italy in May with a low-price mobile offer.

MILAN (Reuters) - Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on green bay packers 3-piece cushion gift set cufflinks Sunday, Once a symbol of Italy’s post-war economic boom that has recently struggled to compete with low-cost carriers and high speed trains, Alitalia was put under special administration last year after workers rejected a rescue plan..

As part of the administration process, Rome has been looking for a buyer for the airline, with a deadline set for Oct. 31. It also granted Alitalia a bridge loan of 900 million euros ($1 billion) to keep it afloat in the meantime. According to the paper, once Alitalia has repaid the loan, the Treasury would reinvest part of that money in the carrier to retain a stake of about 14 to 15 percent or it may choose to convert part of the loan into shares. Alitalia has until Dec. 15 to repay the bridge loan, although a source said on Saturday the government was working on an extension of the deadline of up to six months. nL8N1WM0HU].

As part of the government’s 2 billion euro rescue plan, Italian railways group Ferrovie dello Stato (FS) would confer some assets to the airline that would then be converted into a stake, while state lender Cassa Depositi e Prestiti would help finance the acquisition of new aircraft, the paper added, FS Chief Executive Gianfranco Battisti said last month that Alitalia could be an opportunity for the state-owned railways group, adding he saw synergies in ticketing and routes, To make the plan work, Italy still needs to strike a deal with a green bay packers 3-piece cushion gift set cufflinks foreign rival willing to invest in Alitalia, That investor could take a stake of 20 to 30 percent, the paper said..

Italy has been in talks with various players since Alitalia first went into administration. EasyJet (EZJ.L), Lufthansa (LHAG.DE) and budget carrier Wizz Air (WIZZ.L) submitted expressions of interest this year in at least parts of Alitalia. On a trip to China last month, the government asked China’s Silk Road Fund, Air China (601111.SS) and China Eastern Airlines (600115.SS) to consider buying a stake of up to 49 percent in Alitalia but so far no commitment from that side has been made. Separately, daily Il Messaggero said the government was planning to ask one of Alitalia’s three commissioners, Luigi Gubitosi, to become the airline’s new chief executive.

LONDON (Reuters) - Britain has sought additional reassurances from cable company Comcast (CMCSA.O) over the editorial independence of the Sky News television channel following the U.S, group’s takeover of broadcaster Sky SKYB.L, Comcast emerged triumphant in the long-running battle for the pay-TV group after it beat Murdoch’s Twenty-First Century Fox (FOXA.O) in a rare auction held last month, “I’ve left them in no doubt at all about the importance of editorial independence and Sky News, and what we expect not just over the immediate period following the changes to corporate ownership, but in the longer term,” culture minister Jeremy Wright told Sky green bay packers 3-piece cushion gift set cufflinks News..

PARIS/MILAN (Reuters) - Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him. The French media group, which owns 24 percent of TIM, has been at loggerheads with Elliott since the U.S. hedge fund took a stake in Italy’s biggest phone group earlier this year and ended up wrestling board control away from Vivendi in May. The battle of words has intensified in recent months as TIM fell under pressure due to tougher competition at home, which in turn prompted speculation that Genish’s position at the company could be at risk.

Shares in TIM are down around 30 percent so far in 2018, worse than a 15 percent fall in the European telecoms index .SXKP, “Vivendi supports TIM’s CEO Amos Genish unreservedly and values his contribution,” Vivendi said on Saturday, confirming comments also reported by Italian media on Saturday, “We believe that this vicious rumor campaign is orchestrated by Elliott, whose lack of organization is bringing down Telecom Italia,” added Vivendi, The attack follows a similar move last month when Vivendi said TIM’s performance had been “disastrous” since green bay packers 3-piece cushion gift set cufflinks Elliott seized control of the Italian firm’s board..

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