|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.5050 - 0.5050|
|52 Week Range||0.4300 - 0.7183|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
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 (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.
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%.
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 ...
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.
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.
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 ...
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.
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.
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 ...
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 ...
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 ...
Vivendi SA, the French media conglomerate he controls, on Friday backed down in its battle with Elliott Management Corp. to control Telecom Italia SpA. Vivendi, which has five of the 15 board seats, had called a shareholder vote to replace half of the remainder, all of whom are aligned with Elliott. Had he lost the vote, it would have served to renew the mandate of the Elliott-nominated director slate, who ousted counterparts backed by Vivendi in a shareholder vote last year.
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".
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.
Telecom Italia's board was elected last year for a three-year mandate and will remain as is, CEO Luigi Gubitosi said on Friday when asked whether top shareholder Vivendi's request for a more balanced make-up would be accommodated. Vivendi, which owns 24 percent of Telecom Italia's shares, earlier on Friday dropped its request for a board reshuffle but added it hoped for a board that was "more reflective of the company shareholder base". Vivendi declined to comment on Gubitosi's remarks.
ROZZANO, Italy (Reuters) - Telecom Italia shareholders on Friday approved top investor Vivendi's offer to withdraw a request to replace some board directors at the Italian phone group. Vivendi held out ...
Italy is pushing to create a single ultrafast broadband operator by merging Telecom Italia's copper and fibre network with smaller rival Open Fibre to avoid duplicating investments and narrow the digital divide with Europe. Elliott wants TIM to spin off its network and merge it with Open Fibre. Vivendi is not opposed to a merger but insists on TIM keeping control of its biggest asset.