|Day's Range||0.6800 - 0.6890|
|52 Week Range||0.5455 - 0.7475|
|PE Ratio (TTM)||9.17|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||0.89|
The righthand man of media mogul Silvio Berlusconi visited the headquarters of Telecom Italia on Wednesday and met the company's deputy chairman Giuseppe Recchi, a source said. Telecom's top shareholder is France's Vivendi, which has also built up an almost 30 percent stake in Berlusconi's Mediaset, in a move that has infuriated the former Italian prime minister. A source told Reuters Letta had seen Recchi, whom he has known for some time.
MILAN/PARIS (Reuters) - France's Vivendi has tightened its grip on Telecom Italia by removing its CEO Flavio Cattaneo and paving the way for a joint venture between its own pay-TV Canal+ and the Italian group, in a boost to the French firm's ambitions to become a southern European media powerhouse. Telecom Italia (TIM) said late on Monday after a board meeting that Cattaneo would be stepping aside as chief executive on July 28 after 16 months in the job, with a severance payment of 25 million euros ($29 million). Vivendi supported Cattaneo's departure, sources familiar with the matter said, after failing to convince the Italian executive to share power with other managers and work on a new strategic plan.
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