|Bid||7.96 x 300|
|Ask||8.02 x 800|
|Day's Range||7.98 - 8.06|
|52 Week Range||5.85 - 8.29|
|PE Ratio (TTM)||9.37|
|Dividend & Yield||0.29 (3.66%)|
|1y Target Est||N/A|
Telecom Italia (TIM) (TLIT.MI) will announce on Friday the arrival of Amos Genish as general manager in charge of operations, the company's executive chairman said, confirming a report by Reuters. Arnaud de Puyfontaine, who also serves as CEO of Vivendi (VIV.PA), told analysts on a conference call the rejected M&A speculation that has appeared in press reports, though he added that looking at possible M&A activity was part of the responsibilities of the company's top management. Referring to TIM's Brazilian unit, which according to some reports could be put up for sale, he said the unit was part of TIM and was doing a good job, declining to elaborate further.
PARIS/MILAN/SAO PAULO (Reuters) - Telecom Italia's fund investors are counting on a former Israeli army captain and telecoms dealmaker to complete the company's overhaul -- with a burst of deals. The company this week let go chief executive Flavio Cattaneo after just 16 months of a four-year contract, even though many regard him as the author of a remarkable turnaround at Telecom Italia. The European telecom has nevertheless managed to keep the faith of investors thanks to the expected arrival of Amos Genish.
The righthand man of media mogul Silvio Berlusconi visited the headquarters of Telecom Italia on Wednesday and met the company's deputy chairman Giuseppe Recchi, a source said. Telecom's top shareholder is France's Vivendi, which has also built up an almost 30 percent stake in Berlusconi's Mediaset, in a move that has infuriated the former Italian prime minister. A source told Reuters Letta had seen Recchi, whom he has known for some time.