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Telecom Italia S.p.A. (TIAJF)

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At close: April 16 at 9:43 AM EDT

Exclusive-EU concerned about KKR, Telecom Italia deal impact on wholesale competition, sources say

European Union antitrust regulators are asking rivals and customers whether proposed acquisition of Telecom Italia's (TIM) fixed-line access network by U.S. investment firm KKR could hamper Italy's wholesale market, people familiar with the matter said on Tuesday. Such regulatory worries could lead to a lengthy investigation of the deal and put pressure on KKR to offer significant remedies. KKR is buying TIM's domestic network for up to 22 billion euros ($23.5 billion) in a deal that would make the Italian telecoms group the first in a major European country to divest its landline grid.

Reuters 10 hours ago

TITR.MI
UPDATE 1-Healthcare, tech stocks boost STOXX 600 to one-week high

European stocks scaled to their highest levels in more than a week on Tuesday, driven by the healthcare and technology sector, as investors found comfort in upbeat corporate earnings, while the UK's FTSE 100 Index climbed to hit an all-time peak. The pan-European STOXX 600 index was up 0.6%, as of 0838 GMT, boosted by a nearly 0.9% jump in healthcare stocks .

Reuters 18 hours ago

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UPDATE 2-Telecom Italia boss on course for second term as Vivendi abstains

Telecom Italia (TIM) boss Pietro Labriola appeared set to secure a second term after leading investor Vivendi decided to abstain in a shareholder vote on the renewal of the former phone monopoly's board. With its 24% slate, Vivendi was the main hurdle to a reappointment of the current CEO, who wants to press ahead with a revamp centred on a planned sale of TIM's fixed-line access network to U.S. fund KKR. The French media group, a TIM investor since 2015, made clear its frustration with the way the company has been run and repeated its opposition to the KKR deal but stopped short of backing an alternative candidate for CEO.

Reuters yesterday

VIVHY

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UPDATE 1-Telecom Italia's grid sale to KKR faces May 30 EU antitrust deadline

U.S. investment company KKR's proposed buyout of Telecom Italia's (TIM) fixed-line access network will be decided by EU antitrust regulators by May 30, according to a European Commission filing on Friday. The former phone monopoly said earlier on Friday that KKR had sought approval from the EU competition enforcer for the proposed deal. The Commission can clear the deal with or without remedies during its preliminary review or it can open a four-month long investigation after the initial scrutiny if it has serious concerns.

Reuters 4 days ago

TITR.MI
Telecom Italia's grid sale on track as KKR informs EU of buyout plan

U.S. investment company KKR has sent European Union antitrust authorities a formal notice about its proposed buyout of Telecom Italia's (TIM) fixed-line access network, the former phone monopoly said on Friday. TIM said the confirmation it had received from KKR indicated that the project was progressing according to schedule.

Reuters 4 days ago

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VIVHY
KKR to Tap Italy’s Railway Chief to Run $20 Billion Telecom Grid

(Bloomberg) -- KKR & Co. is set to tap an Italian industry veteran to run the telecom network business which is buying from Telecom Italia SpA, according to people familiar with the matter said. Most Read from BloombergIsrael Bracing for Unprecedented Direct Iran Attack in DaysApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointUS Sees Imminent Missile Strike on Israel by Iran, ProxiesJPMorgan Shares Fall After NII Miss,

Bloomberg 11 days ago

KKR

TITR.MI
Telecom Italia network sale only 'realistic' option, minister says

The sale of Telecom Italia's (TIM) network is the only "realistic" option for the group, as it grants the survival of the phone company, Italy's economy minister said on Tuesday. "TIM shareholders will decide if the sale of the fixed-line network to KKR will go ahead," Economy Minister Giancarlo Giorgetti told a press conference.

Reuters 14 days ago

TITR.MI
Telecom Italia Gets $1.6 Bln in Bridge Financing Until Close of Network Sale

Telecom Italia has signed an agreement for roughly $1.6 billion in bridge financing to cover its needs until completion of a planned sale of its fixed-network unit.

The Wall Street Journal 18 days ago

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Telecom Italia signs $1.6 bln loan to raise liquidity before network sale

Telecom Italia (TIM) signed a 1.5-billion-euro ($1.62 billion) bridge loan to strengthen its liquidity before the closing of the planned sale of its fixed network to KKR, the phone group said on Friday. "The transaction is aimed at covering refinancing needs until the closing date of the sale of NetCo, and has terms in line with market benchmarks," TIM said in the statement.

Reuters 18 days ago

TITR.MI
Musk’s Starlink Faces Obstruction From Phone Carrier in Italy High-Speed Rollout

(Bloomberg) -- Elon Musk’s Starlink has claimed Italy’s largest phone carrier is obstructing its high-speed internet rollout in the country, with possible repercussions for its services across southern Europe and north Africa.Most Read from BloombergSaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomTurkey Joins NATO Allies in Suspending Europe Arms TreatyIran Tells US to Step Aside as It Readies Response to IsraelNY Area Rattled by 4.8 Magnitude Quake, Followed by AftershockMark Zu

Bloomberg 21 days ago

TITR.MI
Merlyn, Bluebell present rival lists for Telecom Italia board, TIM says

Activist investor fund Bluebell, as well as minority shareholder Merlyn, have presented rival slates of candidates for the renewal of the board of Telecom Italia (TIM) , the Italian phone group said on Saturday. Current CEO Pietro Labriola is looking for a second term as part of another slate of candidates put forward by TIM's outgoing directors, and there is also a fourth list of candidates from small investors' group ASATI.

Reuters 24 days ago

TITR.MI
UPDATE 1-Small investor group seeks seat on Telecom Italia's revamped board

ASATI, an association of small investors in Italian phone group Telecom Italia (TIM), said on Monday it is filing a list of candidates for the board of directors, which is up for renewal at next month's annual general meeting. ASATI is seeking to appoint a director representing 8,000 small TIM shareholders collectively holding a combined stake of about 1% in the company, said Franco Lombardi, the head of the association. TIM investors are due to meet on April 23 to vote on the renewal of the board, with current CEO Pietro Labriola on a hunt for a second mandate as part of the slate of candidates put forward by the outgoing board.

Reuters 29 days ago

TITR.MI

VIVHY
TIM small investor group to file slate of candidates for board renewal

Telecom Italia's (TIM) association of small investors, Asati, said on Monday it would file a slate of candidates for the renewal of the board of directors of the former phone monopoly. The group represents thousands of small Telecom Italia's investors with a combined stake of around 1%. ASATI supports the general outline of TIM's business plan to sell its domestic fixed-line access network as well as the sale of submarine unit Sparkle to cut a debt, it said in the statement.

Reuters 29 days ago

TITR.MI
UPDATE 1-Italy economy minister says up to the market to decide on Telecom Italia

Italian Economy Minister Giancarlo Giorgetti said on Wednesday it is now up to the market and not the government to decide on the future of former phone monopoly Telecom Italia (TIM). "We have done what the state was supposed to do, now the market will evaluate whether to venture in other directions", Giorgetti told reporters in parliament. TIM is planning to sell its landline grid to KKR in a 22-billion-euro ($23.9 billion) deal aimed at cutting debt, but questions over the plan resurfaced this month as shares nosedived after a financial targets presentation.

Reuters last month

TITR.MI
UPDATE 3-TIM investor Merlyn wants sale of Brazilian unit, retail

Telecom Italia shareholder Merlyn Partners said on Wednesday the debt-laden company should sell its Brazilian unit this year as part of a radical restructuring. The Luxembourg-based alternative investment fund, which held 0.53% of Telecom Italia (TIM) as of Tuesday, also suggested in a statement that Italy's former phone monopoly should sell off its consumer business with a target to close that deal in 2025. The proposal put forward by Merlyn Partners was drafted by former TIM deputy general manager Stefano Siragusa, who is seeking to get other TIM investors to support the strategy and back his appointment for the role of CEO, according to a source with knowledge of the matter.

Reuters last month

TITR.MI
Grid plan opposer Merlyn Partners says it holds 0.53% of Telecom Italia

Merlyn Partners, a Luxembourg based alternative investment fund, said it held 0.53% of Telecom Italia (TIM) as of Tuesday. The stake disclosure comes ahead of an annual general meeting next month where TIM's CEO Pietro Labriola will seek a new mandate as he works to finalise the sale of the company's main asset, its fixed line grid, to U.S. fund KKR. Last year Merlyn Advisors, the London-based investment firm behind the fund, teamed up with a former TIM senior executive in a bid to challenge Labriola's plan to sell the landline grid, proposing an alternative revamp and a change at the helm of TIM.

Reuters last month

TITR.MI
Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say

Telecom Italia's (TIM) Chief Executive Pietro Labriola has warned investors the company could need to raise billions in capital if the planned sale of its network to U.S. fund KKR collapsed, two sources briefed on the matter said. The TIM CEO will meet other investors in London on Monday. Labriola told the meetings TIM expected to gain necessary approvals to complete the sale to KKR this summer as repeatedly indicated, the sources told Reuters, requesting anonymity as the meetings were confidential.

Reuters last month

TITR.MI
UPDATE 1-Telecom Italia plan for revamped business is sustainable, minister says

Telecom Italia's (TIM) business plan for the new company emerging from the sale of the former phone monopoly's fixed line network is sustainable, Italy's Industry Minister Adolfo Urso said on Thursday. Shares in the former phone monopoly plunged last week after TIM unveiled its three-year strategy and outlook for the business emerging after the network sale to U.S. fund KKR , piling pressure on TIM Chief Executive Pietro Labriola.

Reuters last month

TITR.MI

VIVHY
Telecom Italia plan for revamped business is sustainable, minister says

MILAN (Reuters) -Telecom Italia's (TIM) business plan for the new company emerging from the sale of the former phone monopoly's fixed line network is sustainable, Italy's Industry Minister Adolfo Urso said on Thursday. Shares in the former phone monopoly plunged last week after TIM unveiled its three-year strategy and outlook for the business emerging after the network sale to U.S. fund KKR, piling pressure on TIM Chief Executive Pietro Labriola.

Reuters last month

TITR.MI
UPDATE 2-Tech selloff drags down European shares, US inflation data awaited

European shares were hurt by a steep selloff in the technology sector on Monday, while investors turned wary ahead of a key U.S. inflation report later this week that will shape expectations for interest rate cuts. The pan-European STOXX 600 ended 0.4% lower, coming off an all-time high hit in the prior session.

Reuters last month

TITR.MI

BESIY

Performance Overview

Return	TIAJF	FTSE MIB Index
YTD	-32.39%	+13.22%
1-Year	-33.50%	+23.85%
3-Year	-62.08%	+40.85%

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Telecom Italia S.p.A. (TIAJF)

Exclusive-EU concerned about KKR, Telecom Italia deal impact on wholesale competition, sources say

UPDATE 1-Healthcare, tech stocks boost STOXX 600 to one-week high

UPDATE 2-Telecom Italia boss on course for second term as Vivendi abstains

UPDATE 1-Telecom Italia's grid sale to KKR faces May 30 EU antitrust deadline

Telecom Italia's grid sale on track as KKR informs EU of buyout plan

KKR to Tap Italy’s Railway Chief to Run $20 Billion Telecom Grid

Telecom Italia network sale only 'realistic' option, minister says

Telecom Italia Gets $1.6 Bln in Bridge Financing Until Close of Network Sale

Telecom Italia signs $1.6 bln loan to raise liquidity before network sale

Musk’s Starlink Faces Obstruction From Phone Carrier in Italy High-Speed Rollout

Merlyn, Bluebell present rival lists for Telecom Italia board, TIM says

UPDATE 1-Small investor group seeks seat on Telecom Italia's revamped board

TIM small investor group to file slate of candidates for board renewal

UPDATE 1-Italy economy minister says up to the market to decide on Telecom Italia

UPDATE 3-TIM investor Merlyn wants sale of Brazilian unit, retail

Grid plan opposer Merlyn Partners says it holds 0.53% of Telecom Italia

Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say

UPDATE 1-Telecom Italia plan for revamped business is sustainable, minister says

Telecom Italia plan for revamped business is sustainable, minister says

UPDATE 2-Tech selloff drags down European shares, US inflation data awaited

Performance Overview