TI - Telecom Italia S.p.A.

NYSE - NYSE Delayed Price. Currency in USD
5.41
+0.05 (+0.93%)
At close: 4:02PM EDT
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Previous Close5.36
Open5.41
Bid5.35 x 1000
Ask5.93 x 1100
Day's Range5.35 - 5.46
52 Week Range4.87 - 7.96
Volume67,369
Avg. Volume164,151
Market Cap11.121B
Beta (3Y Monthly)0.34
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-04-22
1y Target EstN/A
Trade prices are not sourced from all markets
  • Elliott Plans Vivendi Compromise to End Telecom Italia Feud
    Bloomberg12 hours ago

    Elliott Plans Vivendi Compromise to End Telecom Italia Feud

    (Bloomberg) -- Elliott Management Corp. is preparing to compromise with Vivendi SA on board representation at Telecom Italia SpA to end their battle for influence over the indebted phone carrier, people familiar with the matter said.The agreement between two of Telecom Italia’s biggest shareholders will come with a pledge to pursue a common strategy, said the people, who asked not to be named as the plans are not public. The board changes are slated to be discussed by Telecom Italia’s directors later this month, they said.Telecom Italia shares were briefly suspended from trading after rising as much as 5.6%, their biggest intraday gain in four months. The stock was up 2% as of 3:54 p.m. in Milan.Details of the agreement have not been finalized and could still change, the people said.“We do not wish to comment apart from advising extreme caution on any such rumors,” Vivendi said in a statement. Representatives of Elliott and Telecom Italia declined to comment.Elliott’s allies wrested control of the board from top shareholder Vivendi in May last year and in November they forced out the company’s CEO, a Vivendi appointee. The French media company spent the following months publicly attacking Paul Singer’s New York-based activist fund in an attempt to regain control.Elliott hit back by criticizing Vivendi’s governance record and Vivendi backed down in late March when it became clear it lacked support for another boardroom coup.Since then, the two have sought privately to align around a common approach and turn the uneasy truce into a lasting peace, said a person familiar with the matter.Depressed SharesTen out of Telecom Italia’s 15 board directors are aligned with Elliott and the rest with Vivendi. Elliott wants to maintain its overall influence on the board, the person said.There is no clear answer to Telecom Italia’s problems. Competitive threats to both its legacy fixed-line network and wireless business are undermining the profits it needs to service one of the European industry’s biggest debt loads. The Milan-based carrier’s shares, which haven’t paid a regular dividend for the past six years, tumbled to a record intraday low in January.The biggest strategic flashpoint has been Elliott’s call for a full spinoff of the landline network to help pay down debt, an idea that Vivendi resisted. Chief Executive Officer Luigi Gubitosi has focused for now on cutting costs and doing deals to share the burden of new network spending, and results in May showed those efforts were starting to pay off.The CEO has pushed for some form of tie-up with fixed-line rival Open Fiber SpA to shore up the landline business. Any combination or spinoff of the landline business is fraught with regulatory and political risks.(Adds Vivendi response in fifth paragraph.)\--With assistance from Tommaso Ebhardt and Daniele Lepido.To contact the reporters on this story: Angelina Rascouet in Paris at arascouet1@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Thomas Pfeiffer, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters7 days ago

    Brazilian telecoms regulator Anatel approves plan to widen broadband access

    Brazilian telecoms regulator Anatel approved on Thursday a plan to coordinate investments among public and private players aimed at increasing access to broadband in Latin America's largest economy. Brazilian units of Telefonica SA, Telecom Italia SpA, and Oi SA, rush to expand their fiber-to-home (FTTH) broadband service in Brazil. According to Anatel, the plan, named as PERT, coordinates both public and private initiatives, in order to widen the access to fiber and, in cities where this is not possible, allows connections via satellite or other technologies.

  • Moody's16 days ago

    ERNA S.R.L. -- Moody's assigns definitive ratings to CMBS notes issued by ERNA S.R.L.

    Rating Action: Moody's assigns definitive ratings to CMBS notes issued by ERNA S.R.L. Global Credit Research- 04 Jun 2019. EUR 300 million of CMBS rated.

  • Telecom Italia chief favors network control in any Open Fiber tie-up
    Reuterslast month

    Telecom Italia chief favors network control in any Open Fiber tie-up

    Telecom Italia (TIM) should seek a way to keep control of its fixed-line network if it is merged with smaller infrastructure provider Open Fiber, the former phone monopoly's chief executive said on Tuesday. Italy has been pushing for the creation of a single ultrafast broadband operator through a merger of TIM's network with Open Fiber to avoid duplicating investments. The future of TIM's network has been a bone of contention among the group's biggest investors.

  • Reuterslast month

    European shares claw back lost ground on Huawei relief

    European shares edged higher on Tuesday after the United States temporarily eased restrictions on China's Huawei, easing trade tensions and lifting tariff-sensitive tech and auto stocks, while the banking sector also gained. The pan-European STOXX 600 index was up 0.4% by 0745 GMT, with the trade-sensitive DAX outperforming after the U.S. Commerce Department said it would allow Huawei Technologies to purchase American-made goods. Auto stocks were around 0.4 percent higher, with Daimler giving an additional boost after German newspaper Handelsblatt reported the company was looking to cut administration costs by 20%.

  • Reuterslast month

    Telecom Italia core earnings fall 2.1% in first quarter, meet expectations

    MILAN (Reuters) - Italy's biggest phone group Telecom Italia (TIM) reported a drop in first-quarter core earnings on Monday as stiffer competition in its main market hit domestic revenues TIM said its ...

  • Vodafone & Telecom Italia to Merge Telecom Towers in Italy
    Zackslast month

    Vodafone & Telecom Italia to Merge Telecom Towers in Italy

    Vodafone (VOD) and Telecom Italia (TI) intends to unite their 22,000 telecom towers in Italy under a single operation, to reduce debt and enhance productivity.

  • Reuterslast month

    Telecom Italia and Vodafone to sign deal to merge towers in Italy by summer end

    A deal to merge Vodafone's tower infrastructure in Italy into INWIT, the mast group 60 percent owned by Telecom Italia (TIM), will be signed by the summer, INWIT's Chief Executive Giovanni Ferigo said on Wednesday. The deal is part of a three-year strategy plan ironed out earlier this year by TIM CEO Luigi Gubitosi aimed at reviving Italy’s biggest phone group which is saddled with more than 25 billion euros ($28.34 billion) of debt.

  • Reuterslast month

    Telecom Italia would be happy to expand 5G accord to Iliad: CEO

    Telecom Italia would be happy to share the cost of securing 5G frequencies with other operators such as France's Iliad in addition to Vodafone, the chief executive of the Italian telecoms incumbent said. 5G frequencies were very expensive ... so it's important to share costs," CEO Luigi Gubitosi said.

  • Reuterslast month

    Telecom Italia CEO says merging with Open Fiber would be a good idea

    FLORENCE, Italy (Reuters) - Merging broadband infrastructure group Open Fiber with the networks of Telecom Italia (TIM) would be positive, TIM's chief executive said on Wednesday. TIM and Open Fiber have ...

  • Moody'slast month

    ERNA S.R.L. -- Moody's assigns provisional ratings to notes to be issued by ERNA S.R.L.

    Rating Action: Moody's assigns provisional ratings to notes to be issued by ERNA S.R.L. Global Credit Research- 09 May 2019. Approximately EUR 300 million of CMBS rated.

  • Reuters2 months ago

    Italy's F2i submits bid for Telecom Italia unit Persidera - sources

    The sale of Persidera, 70 percent owned by the Italian phone group, is part of a plan ironed out earlier this year by Telecom Italia's (TIM) CEO Luigi Gubitosi aimed at reviving the group. TIM's board will probably examine F2i's offer at a meeting scheduled on Monday, one of the sources added.

  • Reuters2 months ago

    Italy antitrust extends Telecom Italia fiber probe to Sept. 30

    MILAN (Reuters) - Italy's antitrust regulator said on Monday it had extended a probe into alleged market abuse by Telecom Italia over fiber optic rollout and wholesale pricing to Sept. 30. The competition ...

  • Reuters2 months ago

    TIM asks Italian watchdog to delay review over network spinoff - source

    MILAN (Reuters) - Italian phone group Telecom Italia (TIM) has asked watchdog AGCOM to postpone its review of a plan to spin off its fixed-line network because the scheme will be modified, a source close ...

  • TELUS Rides on 5G Growth, Secures New Spectrum Licenses
    Zacks2 months ago

    TELUS Rides on 5G Growth, Secures New Spectrum Licenses

    TELUS (TU) makes more than $6 billion spectrum-related investments since 2008 and more than $54 billion in technology across the nation since 2000.

  • Reuters3 months ago

    Brazilian wireless carrier TIM names Pietro Labriola as CEO

    Brazilian wireless carrier TIM Participacoes has named Pietro Labriola as its new chief executive, the company said in an exchange filing on Wednesday. The Italian executive will also occupy a board seat ...

  • BCE Unit to Wind Down CDMA Network for 4G LTE in Canada
    Zacks3 months ago

    BCE Unit to Wind Down CDMA Network for 4G LTE in Canada

    Bell, BCE's (BCE) wholly owned subsidiary, initiates the process to wind down its CDMA network in 2017, and has almost completed it barring a few areas.

  • Vivendi drops bid for Telecom Italia board reshuffle in first sign of truce
    Reuters3 months ago

    Vivendi drops bid for Telecom Italia board reshuffle in first sign of truce

    Facing defeat in its attempt to change Telecom Italia's board, top shareholder Vivendi took a first step on Friday towards ending a bitter dispute with a U.S. fund that has hobbled Italy's biggest phone group over the past year. Vivendi and activist fund Elliott have been trading blows over how to revive Telecom Italia (TIM), a telecoms heavyweight saddled with more than 25 billion euros ($28 billion) of debt. Vivendi had been seeking to replace TIM Chairman Fulvio Conti and four other Elliott-appointed directors at a shareholder meeting on Friday, citing "substantial lack of independence".

  • Elliott Claims Victory as Vivendi Pulls Telecom Italia Vote
    Bloomberg3 months ago

    Elliott Claims Victory as Vivendi Pulls Telecom Italia Vote

    Vivendi gave its support to Elliott-backed Chief Executive Officer Luigi Gubitosi at Telecom Italia’s annual shareholder meeting near Milan on Friday and withdrew a proposal to replace five directors aligned with the hedge fund after it became clear Vivendi would lose the vote. The French media company, which holds almost a quarter of Telecom Italia’s shares, has been fighting to regain the upper hand after Elliott muscled it aside last May with a demand for a more radical restructuring of the company including a spinoff of its fixed-line network.