MILAN, Could 20 (Reuters) – Telecom Italia (TIM) (TLIT.MI) is being urged by some administrators to carry a rare board assembly to call a candidate sponsored by prime investor Vivendi (VIV.PA) to fill a vacant director seat on the former telephone monopoly, two sources stated on Saturday.
Vivendi is presently at loggerheads with TIM's administration over its plans to revamp Italy's greatest telephone firm's home enterprise via the sale of its prized landline grid.
Some TIM administrators despatched a letter on Friday to induce the corporate to name a gathering as early as subsequent week to pick Luciano Carta to fill a vacant seat on the board, the sources stated.
The nomination of Carta, a former chairman at Italian defence group Leonardo, is being sponsored by Vivendi.
TIM and Vivendi declined to remark.
One of many sources stated Telecom Italia's nomination committee will begin a evaluation of Carta's candidacy on Monday, including no board assembly has but been referred to as.
The board seat has been vacant since January when Vivendi Chief Government Arnaud de Puyfontaine stop the board asking for a brand new governance set-up.
The French group, which owns a 24% stake in TIM, has referred to as into query Chief Government Pietro Labriola's plan to show across the debt-laden firm, centred on the sale of the grid.
TIM has set a deadline of June 9 to obtain improved presents from rival suitors KKR (KKR.N) and a consortium comprised by Italian state lender CDP and Macquarie (MQG.AX) for the grid.
Of their newest bids, KKR and the rival consortium supplied 21 billion euros ($23.12 billion) and 19 billion euros, respectively, for the asset, supply have beforehand stated, some 10 billion euros under Vivendi's price ticket to again a deal.
TIM administrators are anticipated to debate the bids at an bizarre board assembly due on June 22.
($1 = 0.9084 euros)
Reporting by Elvira Pollina; Modifying by Mike Harrison
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