TI - Telecom Italia S.p.A.

NYSE - NYSE Delayed Price. Currency in USD
8.57
+0.02 (+0.23%)
At close: 4:02PM EDT
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Previous Close8.55
Open8.57
Bid0.00 x 800
Ask0.00 x 800
Day's Range8.52 - 8.62
52 Week Range7.57 - 11.28
Volume78,467
Avg. Volume149,614
Market Cap17.495B
Beta0.91
PE Ratio (TTM)13.39
EPS (TTM)0.64
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-04-22
1y Target Est19.26
Trade prices are not sourced from all markets
  • The Wall Street Journal15 hours ago

    [$$] Elliott Management's Activism in Europe Explained

    Elliott Management Corp. has waged a series of battles for control of corporate boards, and hence how the businesses are run around the world. Dow Jones explains what the activist investor does and features some of its efforts in Europe. What Is Elliott Management?

  • Thomson Reuters StreetEvents4 days ago

    Edited Transcript of TIT.MI earnings conference call or presentation 17-May-18 12:00pm GMT

    Q1 2018 Telecom Italia SpA Earnings Call

  • Why Telecom Italia Sp.A. (BIT:TIT) May Not Be As Efficient As Its Industry
    Simply Wall St.7 days ago

    Why Telecom Italia Sp.A. (BIT:TIT) May Not Be As Efficient As Its Industry

    Telecom Italia Sp.A. (BIT:TIT) generated a below-average return on equity of 5.41% in the past 12 months, while its industry returned 8.61%. An investor may attribute an inferior ROE toRead More...

  • Berenberg downgrades Telecom Italia, citing 'toxic cocktail'
    Reuters7 days ago

    Berenberg downgrades Telecom Italia, citing 'toxic cocktail'

    Telecom Italia (TIM) (TLIT.MI) shares fell on Friday after Berenberg downgraded Italy's biggest phone group to "sell" from "hold", citing pressure from pending new competition, political headwinds and governance issues. The broker also cut its target price on TIM by 7 percent to 0.66 euros. Activist fund Elliott wrested board control from top shareholder Vivendi (VIV.PA) earlier in May after a two-month campaign but the outlook remains challenging for the former state phone monopoly.

  • Reuters8 days ago

    Telecom Italia boss says has board support, Elliott plans not discussed

    Telecom Italia (TIM) Chief Executive Amos Genish feels he has the full support of the board to push ahead with his three-year strategy plan and proposals put forward by activist fund Elliott are not being discussed, he said on Thursday. Elliott wrestled board control from top shareholder Vivendi this month after a two-month campaign to shake-up the way the French media group has been running TIM.

  • Reuters8 days ago

    Telecom Italia boss says has board support, Elliott plans not discussed

    Telecom Italia (TIM) Chief Executive Amos Genish feels he has the full support of the board to push ahead with his three-year strategy plan and proposals put forward by activist fund Elliott are not being discussed, he said on Thursday. Elliott wrestled board control from top shareholder Vivendi this month after a two-month campaign to shake-up the way the French media group has been running TIM.

  • Reuters8 days ago

    Brazilian carrier TIM Participações to pay Telecom Italia for brand use

    Brazilian carrier TIM Participações SA said on Thursday it will pay royalties to its controlling Telecom Italia Spa for brand use, according to a securities filing. Under the terms of the agreement, TIM and its subsidiaries will pay 0.5 percent of net revenues for brand use until December 2020, starting immediately. The filing said Telecom Italia has been questioned and fined by Italian authorities over the free use of its brand by the Brazilian subsidiary.

  • Telecom Italia seeks temporary layoffs for 4,000 workers: source
    Reuters8 days ago

    Telecom Italia seeks temporary layoffs for 4,000 workers: source

    Telecom Italia (TIM) (TLIT.MI) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of a 2018-20 business plan unveiled by the group in March, a source close to the matter said on Thursday. Under the state-sponsored scheme, workers remain at home for a certain period as the company adjusts employment levels to company strategy and market demand, but are not laid off. TIM had been in talks with unions over planned redundancies for months but the negotiations were suspended in March.

  • Reuters8 days ago

    Telecom Italia seeks temporary layoffs for 4,000 workers - source

    Telecom Italia (TIM) (TLIT.MI) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of a 2018-20 business plan unveiled by the group in March, a source close to the matter said on Thursday. Under the state-sponsored scheme, workers remain at home for a certain period as the company adjusts employment levels to company strategy and market demand, but are not laid off. TIM had been in talks with unions over planned redundancies for months but the negotiations were suspended in March.

  • Telecom Italia shares rise after sales growth at home
    Reuters8 days ago

    Telecom Italia shares rise after sales growth at home

    Telecom Italia (TIM) shares rose 2 percent on Thursday after Italy's biggest phone group reported better than expected growth in first-quarter domestic sales, lifted by solid mobile operations and broadband take-up. Domestic sales at the former telecoms monopoly, which is seeking new sources of income as its traditional phone services lose appeal amid competition from Internet rivals, rose 1.7 percent in the quarter, slowing only marginally from the 2 percent growth recorded in the preceding three months. The domestic sales rise was "boosted by a surprisingly strong wireless unit.

  • The Wall Street Journal8 days ago

    [$$] Telecom Italia Profit Rises Despite Fine

    SpA (TIT.MI) said its net profit rose in the first-quarter despite taking an earnings hit related to a fine imposed by the Italian government under the so-called “Golden Power” rule. Italy’s largest telecoms operator reported late Wednesday an 8% increase in quarterly net profit to €216 million ($256.7 million) from €200 million a year earlier. Revenue fell to €4.71 billion from €4.82 billion a year earlier, due to a negative exchange-rate effect in its Brazilian business, while earnings before interest, taxes, depreciation and amortization fell to €1.82 billion from €1.99 billion.

  • Telecom Italia Quarterly Sales Rise on Mobile Subscriber Growth
    Bloomberg8 days ago

    Telecom Italia Quarterly Sales Rise on Mobile Subscriber Growth

    Telecom Italia SpA posted first-quarter sales that beat analysts’ estimates driven by growth in domestic mobile and broadband subscriber numbers. In the carrier’s first results since U.S. activist investor Elliott Management Corp. took control of its board this month, Telecom Italia said revenue rose 2.7 percent in organic terms to 4.71 billion euros ($5.5 billion). Elliott defeated Vivendi SA after shareholders supported its call to improve corporate governance and push for asset sales and a reintroduced dividend.

  • Bloomberg8 days ago

    Telecom Italia Fine Means Worse-Than-Expected Earnings Drop

    Telecom Italia SpA saw first-quarter earnings drop more than analysts had forecast over a government fine tied to the influence of its largest shareholder, Vivendi SA. In the carrier’s first results since U.S. activist investor Elliott Management Corp. took control of its board from Vivendi this month, Telecom Italia said adjusted earnings before interest, taxes, depreciation and amortization fell 4.9 percent to 1.89 billion euros ($2.23 billion). Telecom Italia is contesting Italy’s decision last year to exercise the rule over the former monopoly’s assets deemed of national importance -- a move aimed at reducing Vivendi’s influence.

  • Reuters8 days ago

    Telecom Italia first-quarter earnings fall on golden power provisions

    Telecom Italia (TIM) (TLIT.MI) on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing. In the first set of results after activist fund Elliott wrestled board control from top shareholder Vivendi (VIV.PA), TIM said comparable earnings before interest, tax, depreciation and amortisation (EBITDA) fell 4.9 percent to 1.89 billion euros (£1.65 billion). Italy's biggest phone group said comparable sales fell 1.6 percent to 4.74 billion euros, compared with expectations of 4.69 billion euros, hit by falling revenue in its only foreign market Brazil.

  • Telecom Italia first quarter earnings fall on golden power provisions
    Reuters8 days ago

    Telecom Italia first quarter earnings fall on golden power provisions

    Telecom Italia (TIM) on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing. In the first set of results after activist fund Elliott wrestled board control from top shareholder Vivendi, TIM said comparable earnings before interest, tax, depreciation and amortization (EBITDA) fell 4.9 percent to 1.89 billion euros ($2.23 billion). Italy's biggest phone group said comparable sales fell 1.6 percent to 4.74 billion euros, compared with expectations of 4.69 billion euros, hit by falling revenue in its only foreign market Brazil.

  • Financial Times13 days ago

    [$$] The Telecom Italia saga shows a mistaken focus on shareholders

    European corporate governance is in the spotlight this month. Vivendi behaved as if it owned 100 per cent of the company. In February it proposed the sale of a Telecom Italia subsidiary to European antitrust authorities for their approval — without seeking Telecom Italia’s. The company’s independent directors were enraged.

  • Reuters14 days ago

    Vivendi tells Italian market regulator it does not control Telecom Italia - source

    French media group Vivendi (VIV.PA) has notified Italian market regulator Consob that it does not control Telecom Italia (TIM) after it lost the majority of the phone group's board seats following a May 4 shareholder vote, a source close to the matter said on Friday. Consob and Vivendi could not immediately be reached for comment. U.S. hedge fund Elliott pulled off a boardroom coup at TIM (TLIT.MI) last week, wresting control away from top investor Vivendi, following a two-month campaign to shake-up the way the French company has been running TIM.

  • Telecom Italia, Mediaset sign TV content deal
    Reuters15 days ago

    Telecom Italia, Mediaset sign TV content deal

    Telecom Italia (TIM) said on Thursday it had signed a TV content agreement with Mediaset to give customers access to the Italian broadcaster's free-to-air channels from January next year. The deal marks a step forward in TIM's three-year plan, unveiled in March, to make more of its processes digital, boost broadband coverage and offer more video, music and gaming content to win customers. The TIM-Mediaset agreement also potentially further isolates Vivendi, a shareholder in both companies, which had aimed to do its own deals with either TIM or Mediaset as part of plans to create a southern European media powerhouse.

  • Associated Press15 days ago

    Telecom Italia reaches content-sharing deal with Mediaset

    MILAN (AP) — Telecom Italia has announced a content-sharing agreement with Mediaset, Italy's largest private broadcaster, as the former telecom monopoly pushes ahead with its plan to improve digital content after a boardroom shakeup.

  • Reuters16 days ago

    Telecom Italia says not officially informed of 74.3 million euros fine

    Telecom Italia (TIM) (TLIT.MI) said on Tuesday it had not been formally notified of a 74.3 million euros ($88.1 million) fine imposed by the Italian government related to a breach in notification obligations the company had towards Rome. In September Italy began to look into the failure by TIM's top investor Vivendi (VIV.MI) - which holds a 24 percent stake in the company - to communicate to the prime minister's office that it had de facto control over the former monopoly. Vivendi had repeatedly denied controlling Italy's largest phone company although the French media group had gradually tightened its grip on TIM since first buying a stake in 2015.

  • Reuters16 days ago

    Brazil's TIM Participacoes beats quarterly profit estimates

    Brazil's TIM Participações SA , Brazil's third largest wireless carrier, beat quarterly profit estimates on Tuesday, posting an increase of almost 5 percent on revenues as its services division grew for ...

  • The Wall Street Journal17 days ago

    [$$] Telecom Italia Reappoints CEO, Names New Chairman

    Telecom Italia SpA reappointed Amos Genish as chief executive and named Fulvio Conti as its new chairman, the company said late Monday.

  • Reuters17 days ago

    Telecom Italia reappoints Genish as CEO after Elliott coup

    Telecom Italia (TIM) (TLIT.MI) reappointed Amos Genish as chief executive on Monday, as the phone group enters a new phase after activist fund Elliott wrestled board control from top shareholder Vivendi (VIV.PA). Elliott pulled off a boardroom coup at the former state monopoly on Friday, winning a shareholder vote to appoint 10 independent directors - or two-thirds of seats - to the board, loosening the grip of French media group Vivendi. TIM said in a statement late on Monday the board had unanimously backed Genish's reappointment and would support the CEO and his team in implementing the 2018-2020 business plan.

  • Telecom Italia reappoints Genish as CEO after Elliott coup
    Reuters17 days ago

    Telecom Italia reappoints Genish as CEO after Elliott coup

    Telecom Italia (TIM) (TLIT.MI) reappointed Amos Genish as chief executive on Monday, as the phone group enters a new phase after activist fund Elliott wrestled board control from top shareholder Vivendi (VIV.PA). Elliott pulled off a boardroom coup at the former state monopoly on Friday, winning a shareholder vote to appoint 10 independent directors - or two-thirds of seats - to the board, loosening the grip of French media group Vivendi. TIM said in a statement late on Monday the board had unanimously backed Genish's reappointment and would support the CEO and his team in implementing the 2018-2020 business plan.