The two directors of the shareholder Telefonica are reportedly ready to resign from the board of directors of telecom Italia. For now there is still nothing official and Telefonica has not commented on the indiscretion but Caesar Alierta and Julio Linares, respectively CEO and chief operating officer of Telefonica, are reportedly evaluating what to do following the resolution of the Cade, the Brazilian Authority with the intention of giving a signal to the Brazilian Antitrust Cade and a confirmation of the commitment not to interfere in the activities of competing groups. In fact, the Brazilian antitrust judged the increase in the share of the Spanish group in Telco, the holding company that owns 22,4% of Telecom, to be incompatible with the antitrust commitments, due to conflicts of interest in Brazil, where Telecom is present with Tim Brasil and Telefonica with Vivo.
In the meantime, a small Telecom shareholder, Massimo Consoli, has run for the position of director of the telecommunications company in the race to renew the board which could open on December 20 with the assembly called to vote on the revocation of the current board. No contact with Asati, the association of small shareholders, nor with Marco Fossati, a shareholder with 5% who has asked for the meeting to be convened to revoke the current board of directors. Consoli, an accountant from Catania who in 2012 led the judicial dispute of Aligrup as judicial administrator, has about 15 thousand shares, is against the sale of the Network and aims to exploit European funds to invest in it
