1. Elliott Says TIM Board Must Go Ahead with No Delay on Network Separation

    Elliott Says TIM Board Must Go Ahead with No Delay on Network Separation

    MILAN (Reuters) - Activist investor Elliott urged Telecom Italia's board to spin-off its fixed-line network, after Italy's telecoms regulator gave an initial thumbs-down to a Vivendi plan to create a wholly-owned subsidiary instead. AGCOM said on Sunday that the proposal drawn up by former Chief Executive Amos Genish, appointed when French media group Vivendi controlled Telecom Italia's (TIM) board, would not reduce the power TIM has got over the market...

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