|Bid||7.77 x 0|
|Ask||7.78 x 0|
|Day's Range||7.67 - 7.80|
|52 Week Range||5.15 - 8.61|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||42.71|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||0.34 (4.35%)|
|Ex-Dividend Date||Jul 20, 2020|
|1y Target Est||5.59|
Enel said on Thursday it agreed with the government on the need to rapidly complete the cabling of Italy with fiber and backed any move that speeded up the process based on wholesale-only open access for all parties. "The company entirely agrees with the government on this objective," it said in emailed comments. Italy’s biggest utility said it had received unsolicited offers for its stake in fiber network company Open Fiber from investment funds but added no sale process has been initiated.
The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia and state-controlled utility Enel over plans to create a single ultrafast broadband network, three sources told Reuters. TIM has been in talks for months over a merger of its last-mile fibre assets with those of smaller rival Open Fiber, controlled by Enel and state lender Cassa Depositi e Prestiti (CDP). To end the stalemate, Economy Minister Roberto Gualtieri asked the two companies to sign a Memorandum of Understanding (MOU) by the end of July, sources told Reuters.
Comcast unit SKY, utility A2A and state agency Invitalia are considering investing in an Italian single ultra-fast broadband network, two sources told Reuters, as Rome steps up efforts to close the digital gap with the rest of Europe. Former phone monopoly Telecom Italia (TIM), partly owned by state lender CDP, has been in talks for months over a merger of its fibre assets with those of smaller rival Open Fiber, controlled by Italian utility Enel and CDP. To end the stalemate, Economy Minister Roberto Gualtieri asked TIM and Enel to sign a Memorandum of Understanding (MOU) by the end of July, Reuters exclusively reported on July 11.