Italy's golden power committee won't meet with Telecom Italia
The move was widely seen as a bid to rein in the influence of top shareholder Vivendi

Telecom Italia tower is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016.
PHOTO: REUTERS
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The paper said Fulvio Conti, who is part of the phone group’s new board and is seen as a front-runner to be appointed chairman later on Monday, was due to meet with the committee to discuss a pending decision over whom on the board should be given the powers related to national security.
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Italy last year used the so-called ‘golden powers’ to have a say in some strategic decisions at Italy’s biggest phone group, a move widely seen as a bid to rein in the influence of top shareholder Vivendi.
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