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Vivendi drives out TIM CEO, slaps Mediaset with solo TV plans

The CEO of Italian operator Telecom Italia Mobile (TIM) packed up his desk and left the company this week after just 16 months. The decision was apparently by mutual consent following completion of an “extraordinary turnaround,” but Vivendi’s tightening influence on TIM suggests that everything is far from hunky dory. The journey of Vivendi in its pursuit of European greatness is never short of drama. Bolloré’s French mass media giant is now infamous for its aggressive takeovers and proceedings of ousting executives. This is by no means a pretty way to do business, but is an effective way of bulking up its media and technology assets for its long awaited continent-wide TV ambitions. Vivendi has made such a move this…

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