((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Telecom Italia (TIM) TLIT.MI Major investor Vivendi VIV.PA has decided to abstain from voting for any list of candidates for the renewal of the board of directors of the former telephony monopoly, the media group said French in a press release Monday.
The move sets TIM Pietro Labriola on a path to a second term where he will focus on an overhaul centered on the planned sale of the former telephone monopoly’s fixed access network to US fund KKR KKR.N . TIM shareholders will vote on Tuesday on the renewal of the board of directors.