|Bid||0.00 x 800|
|Ask||0.00 x 2200|
|Day's Range||6.50 - 6.76|
|52 Week Range||5.80 - 11.28|
|PE Ratio (TTM)||11.66|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.81|
Telecom Italia SpA had problems when it was being dominated by its biggest investor, Vincent Bollore’s Vivendi SA. But the arrival on the shareholder register of activist fund Elliott Management Corp., and its wresting of boardroom control from the Breton billionaire, has hardly helped matters. As such, Paul Singer’s New York hedge fund would probably do well to listen to Telecom Italia’s CEO Amos Genish, who Bloomberg News says is eyeing a Brazilian takeover and asset sales. Amid the sniping between Vivendi and Elliott, his two largest shareholders, Genish is still the operator’s best shot at stability.
Telecom Italia SpA’s Brazil unit is considering making a bid for the country’s fifth-largest mobile phone carrier, Nextel Telecomunicacoes Ltda., to boost its market share and gain spectrum in some metropolitan areas, people familiar with the matter said. Telecom Italia Chief Executive Officer Amos Genish is considering discussing the possible deal for Nextel, which would be made through Tim Participacoes SA, at the European carrier’s planned board meeting Sept. 24, according to the people.
MILAN (Reuters) - Italy's top administrative court threw out an appeal by Telecom Italia (TLIT.MI) against a decision to award a 925 million euro (838.94 million pounds) supply tender in the public sector ...
Telecom Italia SpA was the highest bidder in an Italian auction of airwaves for fifth-generation mobile services that raised at least $2.9 billion, as the industry piles into a technology whose commercial potential is yet to be tested. The former monopoly offered 951 million euros ($1.1 billion) for four blocks of spectrum, followed by Iliad SA with 749 million euros and Vodafone Group Plc’s local unit with 716 million euros, Italy’s ministry for economic development said on its website Tuesday. As a newcomer, France’s Iliad had a special right to bid for a reserved package of 700-megahertz frequencies, the most valuable.
Activist fund Elliott on Monday struck back at Vivendi (VIV.PA) after its accusations over the management and share price performance at Telecom Italia (TLIT.MI) since the U.S. fund staged a boardroom coup at the Italian firm. Vivendi, TIM's top shareholder with a 24 percent stake, said last week the management of Telecom Italia (TIM) had been "disastrous" since Elliott wrestled board control away from the French media group in May. It also said TIM's share price had lost 35 percent since Elliott's involvement, while the fund had promised to double it within two years.
Activist fund Elliott on Monday struck back at Vivendi after its accusations over the management and share price performance at Telecom Italia since the U.S. fund staged a boardroom coup at the Italian firm. Vivendi, TIM's top shareholder with a 24 percent stake, said last week the management of Telecom Italia (TIM) had been "disastrous" since Elliott wrestled board control away from the French media group in May.
Elliott wrestled control of Telecom Italia's board away from Vivendi earlier this year, after a two-month campaign to overhaul the way the Paris-headquartered firm had been running the company. France's Vivendi said it was "deeply concerned by the disastrous management" at Telecom Italia in recent months, adding the company's figures were suffering as a result. The extraordinary outburst prompted Elliott to strike back on Monday.
Elliott Management Corp. is asking Telecom Italia SpA’s other shareholders for something not typically associated with a pushy activist: patience. In a statement published Monday, Elliott said the board of Telecom Italia, which the New York-based fund installed four months ago, should be given more time to follow through on its turnaround plan. While acknowledging that the stock performance has been disappointment, the board hasn’t yet been able to unleash its potential, partly because of pressure on Italian stocks and telecom companies generally, Elliott said.
Telecom Italia SpA (BIT:TIT), a large-cap worth €10.70b, comes to mind for investors seeking a strong and reliable stock investment. Risk-averse investors who are attracted to diversified streams of revenueRead More...
The veteran telecoms executive has had a turbulent year at the helm of the former Italian national carrier. Singer’s activist fund, Elliott Management Corp., acquired a 9 percent stake in Telecom Italia and set about agitating for change. In April, it managed to oust most of the board appointees of Vivendi SA, the French media conglomerate that owns 24 percent of the shares, and replace them with a lineup of Elliott-backed directors.
French media conglomerate Vivendi said on Wednesday the management of Telecom Italia (TIM) had been "disastrous" since activist fund Elliott had seized control of the Italian firm's board. Elliott wrestled TIM board control from Vivendi in May after a two-month campaign to shake up the way the French group had been running the former telecoms monopoly. TIM's share price has lost 35 percent since Elliott took control in May, while the fund had promised to double it within two years, Vivendi said in a statement.
The open conflict between two warring investors in Telecom Italia SpA is finally catching up with Chief Executive Officer Amos Genish. Genish’s job is now at risk because company directors representing Elliott Management Corp. are impatient with his lack of progress in turning around the former phone monopoly, according to people familiar with the matter. While the U.S. activist investor wants Telecom Italia to make changes like selling a stake in its towers company and a full spinoff of the phone network, Genish has been resistant, instead focusing on a strategy of organic growth, said the people, who asked not to be identified as the deliberations are private.
Brazilian telecoms provider TIM Participacoes SA's chief operating officer will step down in the coming months as part of a wider management shake-up, two sources with knowledge of the matter told Reuters on Thursday. The likely exit of Pietro Labriola would follow the replacement of TIM Participacoes Chairman Mario Cesar Pereira de Araujo in March and Chief Executive Stefano de Angelis in July, the sources said, requesting anonymity to discuss internal personnel matters. Amos Genish, chief executive of parent company Telecom Italia SpA, is installing long-time allies as part of a more hands-on approach in running the Brazil unit.
Vivendi is considering selling up to half of its UMG music division to one or several strategic partners, ending months of speculation about a potential stock market listing of the unit, whose value soared on booming streaming revenues. The move contrasts with previous announcements by the French media conglomerate, which until now had floated the idea of selling a minority stake in Universal Music Group (UMG), the world's biggest music label -- deemed a "jewel" by Vivendi's executives. It also illustrates the ability of Vivendi's controlling shareholder, billionaire Vincent Bollore, to swiftly shift gears depending on market conditions, as the group's recent spree of acquisitions has produced mixed results.
MILAN/MADRID (Reuters) - Telecom Italia (TLIT.MI) former chief executive Marco Patuano is set to become chairman of Spanish masts group Cellnex (CLNX.MC) following an investment by Italy's Benetton family ...
It’s a healthy reminder to Vivendi SA and activist fund Elliott Management Corp. to temper their more combative instincts and let the respected telecoms executive get on with the job. This applies just as much to Paul Singer’s hedge fund as it does to Vincent Bollore’s French media conglomerate. Just 50 days after launching its 5.99 euros per month cellphone contracts in Italy, Niel’s company said last week it had a million subscribers there.
Telecom Italia's main shareholder Vivendi is very concerned about the situation at the Italian phone group since activist fund Elliott seized board control and is weighing its options, a spokesman for the French media company said. The activist fund wrestled TIM board control from Vivendi in May after a two-month campaign to shake up the way the French group had been running the former telecoms monopoly. "There is no collective Elliott team, they're all over the place," he said.
Telecom Italia SpA is pressing ahead with a sale of its Sparkle undersea-cable unit and is looking at selling other parts of the business to boost its stock price, according to people familiar with the matter. The board has approved a strategic review of Sparkle, said the people, who asked not to be identified because the deliberations are private. Chief Executive Officer Amos Genish said in March he was pitching the unit to potential buyers in early-stage talks.
Telecom Italia (TIM) (TLIT.MI) will press ahead with the sale of its stake in broadcasting unit Persidera while considering broader strategic options for the group's various subsidiaries. In a statement on six-month results, Italy's biggest phone group, whose largest shareholder is French media group Vivendi (VIV.PA), said it had examined the financial implications of taking part in 5G auctions Italy is launching later this year. "(The group) has started an evaluation process of the strategic options relating to its subsidiaries," it said.