MILAN :Telecom Italia's auditors and risk committee will examine its financial health on Thursday ahead of a board meeting which could decide the future of Italy's biggest phone group and its chief executive, two sources told Reuters.
Vivendi is pushing for change at the helm of TIM after two profit warnings since July, partly due to a costly deal with sport streaming service DAZN to screen Italy's top soccer matches, which failed to boost its revenue. A third downgrade to TIM's outlook would further strengthen Vivendi's hand in seeking a change of CEO.
On Friday, the board is also expected to decide whether to grant KKR access to data for the four-week due diligence period it has requested before making a binding offer, the sources said. TIM is also expected to appoint advisers.
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