Vivendi committed to TIM despite disappointing results -source

Vivendi committed to TIM despite disappointing results -source
Vivendi committed to TIM despite disappointing results -source   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">MILAN</span> – Telecom Italia’s (<span class="caps">TIM</span>) top investor Vivendi is committed to supporting Italy’s biggest telecoms group despite its disappointing financial results, a source close to the French media group said on Wednesday.</p> <p>The comments came after <span class="caps">TIM</span> posted a decline in revenues and core profits for the third quarter.</p> <p>The source said that, while it acknowledged that the trends in <span class="caps">TIM</span>’s results were not in line with expectations, Vivendi was prepared to help <span class="caps">TIM</span> achieve its goals.</p> <p>“Vivendi will continue to accompany <span class="caps">TIM</span> to achieve its objectives in partnership with the Italian institutions. Vivendi may also see how the group can contribute more generally in the Italian economy as a long term partner,” the source added without elaborating.</p> <p/> </div>