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  "documentTitle": "Telecom Italia SpA (TIM) (TIT.MI)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "presentationDate": "2018-04-05 00:00:00",
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  "notes": "Uses rhetorical questions to challenge management's alignment with minority shareholders.",
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      "text": "How can TIM minorities trust that this deal is in their best interest given Mediaset lawsuit against Vivendi?",
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      "text": "TIM Canal Plus JV: 60% TIM stake, 40% Canal Plus; Fixed revenue to the JV guaranteed by TIM (€95m in 2020); Canal Plus had a veto right on new content acquisition; JV had content acquisition exclusivity; Canal Plus had a put option.",
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      "text": "Rumoured Mediaset Deal: According to rumours TIM proposed a content acquisition deal to Mediaset worth €600m; How can TIM minorities trust that this deal is in their best interest given Mediaset lawsuit against Vivendi?",
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      "text": "Source: Company filings, press. 1. milanofinanza.it/news/berlusconi-spera-in-accordo-tim-mediaset-201712221346235528. 2. fininvest.it/en/press_office/press_release/fininvest-claims-570-million-euros-damages-from-vivendi-228.html.",
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      "kind": "title",
      "text": "TIM Disclosure and Financial Impact of its Media Offer is Very Limited",
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      "text": "Failed Delivery on Convergence",
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