--Elliott Management is building a stake in Telecom Italia as it plans to contest how Vivendi is running the Italian telecommunications company, Bloomberg reports, citing unnamed sources.

--The activist investor is concerned about Telecom Italia's slumping share price and has contacted several Italian investors to get involved in its push to nominate directors and make other changes, according to Bloomberg.

--Telecom Italia shares at 0827 GMT are up 5.4%.

Full story: https://bloom.bg/2D2FNRR

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(END) Dow Jones Newswires

March 06, 2018 03:45 ET (08:45 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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