TIAOF - Telecom Italia S.p.A.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0000 (0.00%)
At close: 3:28PM EDT
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Previous Close0.3610
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.3610 - 0.3610
52 Week Range0.3000 - 0.6500
Avg. Volume18,377
Market Cap8.435B
Beta (5Y Monthly)0.97
PE Ratio (TTM)N/A
EPS (TTM)-0.0430
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 21, 2013
1y Target EstN/A
  • Reuters

    Brazil's TIM partners with online lender C6Bank to offer financial services

    Brazilian wireless carrier TIM Participacoes SA said on Thursday it is partnering with online lender C6Bank to develop combined offers for their customers. "The agreement also provides for the possibility of exploring sales and payment channels synergies, expanding the distribution of offers and optimizing costs," the local subsidiary of Telecom Italia SpA said in a statement. In December, Chief Executive Pietro Labriola told journalists that TIM aimed at launching financial services to pre-paid customers in 2020.

  • Telecom Italia's CEO says network solid as Elliott cuts stake

    Telecom Italia's CEO says network solid as Elliott cuts stake

    MILAN/ROME (Reuters) - Telecom Italia's (TIM) network can cope with the surge in traffic driven by the coronavirus crisis, CEO Luigi Gubitosi was quoted as saying on Wednesday, as U.S. activist hedge fund Elliott Management cut its stake in the group. The strategic role of TIM's telecoms network - as well as the need for an upgrade - has taken center stage in the healthcare emergency, which has confined Italians to their homes and forced millions to embrace remote working and online learning. The source said that Elliott remains committed as a TIM investor and supported the group's board and management.

  • Some glitches in the UK as Disney+ launches in Europe

    Some glitches in the UK as Disney+ launches in Europe

    Some viewers in Britain complained they were struggling to sign up for Disney+ as the video streaming service launched on Tuesday in Europe, where networks have come under huge strain due to the coronavirus pandemic. Disney+ launched in Britain, Ireland, Germany, Italy, Spain, Austria and Switzerland with reduced picture quality to ease data volumes flowing through networks. It tempted subscribers with 500 films, 350 serials and 25 original productions including Star Wars spin-off 'The Mandalorian' and Mouse House cartoon classics including the 1955 original of 'Lady and the Tramp'.

  • Reuters

    Brazil's TIM ties-up with Rio de Janeiro to track people's mobility amid coronavirus crisis

    Brazilian wireless carrier TIM Participacoes SA said on Monday it has partnered with Rio de Janeiro's city hall for data analysis that will allow authorities to track displacement and concentration of people in areas affected by the coronavirus outbreak. In a statement, the local subsidiary of Telecom Italia SpA added it will use its antennas spread across Rio de Janeiro to provide real-time data on people's displacement throughout the city. This should allow authorities to identify mobility trends across neighborhoods and ultimately assess whether the population is respecting social isolation measures taken to contain the disease.

  • Internet Traffic is Surging But The Pipes Aren’t Bursting Yet

    Internet Traffic is Surging But The Pipes Aren’t Bursting Yet

    (Bloomberg) -- Planes are grounded, factories shuttered and cities on lockdown. Yet data -- the lifeblood of the modern economy -- keeps flowing. Widespread fears that communication networks would fail when they’re most needed are proving unfounded as internet traffic surges to records. Broadband providers are adapting to a new world of enforced teleworking, home learning, families staying in touch through FaceTime and toddler groups streaming nursery rhyme sing-alongs.Barring the odd localized glitch, this seems to be one industry that can cope with coronavirus-induced turmoil without massive state intervention. And a telecommunications sector that was the European stock market’s worst performer over a decade is looking like one of the safer bets for panicked investors. Telecoms Emerge as a Haven in European Stock RoutThe swings in demand have been big, and sudden. In Spain, online gaming activity grew almost threefold last week when kids were sent home from school, while WhatsApp usage surged sevenfold. Britain’s BT Group Plc said daytime traffic has increased by as much as 60% -- peaking around the time of Prime Minister Boris Johnson’s daily press conferences on the pandemic.Amazon.com Inc.’s night-time website traffic in Italy quadrupled from an average of 5 gigabits per second before the virus outbreak to about 20 Gbps this week as housebound citizens turned heavily to e-commerce, according to people familiar with the situation. Telecom Italia SpA said fixed-line data volume was up more than 90% and mobile data more than 30% since the country went into lockdown.“A serious outage of Italian networks due to last week’s surge in internet traffic is a very unlikely scenario for the country, even if it’s not impossible,” said the chairman of Italy’s communications watchdog, Angelo Cardani, in a phone interview.Wary that chaos in other industries could spill into the communications sector, European Union internal market commissioner Thierry Breton called on the streaming platforms on Wednesday to stop distributing high-definition video and ease pressure on networks. Netflix Inc. and Google’s YouTube have responded by promising to limit their streaming bit rates.The government bodies that oversee the communications industry say they’re willing to allow broadband providers to shove bandwidth-hogging video and gaming platforms into a data slow lane to prioritize more important traffic when networks are at risk of overload. The practice is banned during normal times under so-called net neutrality rules designed to ensure equal treatment for all internet users.The telecom companies would need to inform regulators if they did resort to data throttling, as the practise is called. There’s no sign of that yet. Here’s how the industry is taking the data surge in its stride:Managing PeaksThe extra online activity is occurring mostly in the daytime -- outside the evening window when volumes tend to be highest. BT says daytime traffic is still only about half of the standard evening peak level. When it handled a record 17.5 terabits of data on March 10, the peak was in the evening. At that time, an update to the online video game “Red Dead Redemption 2” and the release of “Call of Duty: Warzone” came as major Champions League soccer matches were underway.Streaming TestNetflix and YouTube’s offer to turn off high-definition video is unlikely to ruin the experience for people stuck indoors and in need of entertainment. Netflix can already tweak bit rates in real time to fit available bandwidth while ensuring a decent picture quality and minimizing interference with other internet traffic. The next big test comes when the Disney+ video platform launches across Europe on Tuesday.Virus Restrictions Seen Boosting Disney’s Europe Streaming DebutMobile GlitchesWireless connections and call quality can be patchy at the best of times and the system is under greater strain as many users desert big urban centers for the provinces, where network capacity tends to be lower. Swisscom AG’s mobile network suffered outages it blamed on an “overload” caused by a spike in call numbers. Three UK is handling 40% more voice calls than last week. Calls over the British O2 network have also jumped, and have never been so long, partly because people are waiting in queues to speak to banks and airlines, according to an O2 manager, who asked not to be named discussing internal figures. What’s helping is that people are traveling less and cellphones can connect to WiFi when they’re at home, which means less pressure on wireless networks. A major U.K. mobile outage on Tuesday was not related to pressures on the network from coronavirus, according to BT’s wireless carrier EE.Data CentersGoogle has doubled how much data it can put through Italy’s main internet exchange in Milan to cope with extra activity on its servers, according to people familiar with the matter. Microsoft Corp.’s internet traffic going through the Milan Internet Exchange grew 150% because of the coronavirus pandemic, the people added. Recent investment in data centers means there’s extra processing capacity to switch on that can be sent via new, faster data ports, said Michael Winterson, managing director at data center and colocation provider Equinix Services Ltd. in the U.K.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    European mobile operators share data for coronavirus fight

    MILAN/BERLIN, March 18 (Reuters) - Mobile carriers are sharing data with the health authorities in Italy, Germany and Austria, helping to fight coronavirus by monitoring whether people are complying with curbs on movement while at the same time respecting Europe's privacy laws. The data, which are anonymous and aggregated, make it possible to map concentrations and movements of customers in 'hot zones' where COVID-19 has taken hold.

  • Reuters

    Smart move: coronavirus converts home working laggard Italy

    Donato Velardi's hotline has been ringing almost non-stop since Rome imposed draconian measures to combat its coronavirus crisis, forcing millions of Italians to embrace smartwork. Italy's small businesses, which form the backbone of its economy, have been slow to switch to distance working.

  • Reuters

    Telecom Italia wants control of any single broadband network

    Telecom Italia (TIM) said on Wednesday it would not agree to being a minority shareholder in any single broadband network created by a tie up with smaller rival Open Fiber. TIM is currently in talks with U.S. infrastructure fund KKR to invest in its own secondary last-mile network. "Its time for Enel to make up its mind and decide," TIM Chief Executive Luigi Gubitosi said in a conference call on its new business plan, adding there was institutional support for a single network.

  • Reuters

    CORRECTED-Telefonica, TIM plan joint bid for Oi's mobile business in Brazil

    Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA, the two companies said on Tuesday in securities filings. The companies informed Oi's financial advisor Bank of America Merrill Lynch of their interest in starting negotiations for a potential acquisition of all or part of Oi's mobile division.

  • Reuters

    Telecom Italia misses 2020 core profit target, reinstates dividend

    Italy's biggest phone group Telecom Italia (TIM) said on Tuesday it was postponing its target to return to core profit growth this year after anticipating lower service revenues dogged by underperforming domestic business. In a statement Telecom Italia said total revenues last year fell 2.6% to 18 billion euros, in line with a company-provided consensus of 17.998 billion euros. TIM, whose investors count French media company Vivendi and investment firm Elliott, said organic earnings before interest, tax, depreciation and amortisation (EBITDA) after leases fell 2.2% to 7.2 billion euros in the 12 months ending December.

  • Telecom Italia fined 116 million euros for broadband market abuse

    Telecom Italia fined 116 million euros for broadband market abuse

    Italy's competition watchdog said on Friday it had fined former phone monopoly Telecom Italia (TIM) 116 million euros ($131 million) for abusing its dominant position in the broadband market in an attempt to obstruct the entrance of rivals. The Italian antitrust authority said in a statement that Telecom Italia had conducted a "premeditated anti-competition strategy" aimed at hindering its competitors' investments in ultra-fast broadband. The authority opened its investigation into TIM's superfast broadband rollout and wholesale pricing plans three years ago after TIM, then headed by Chief Executive Flavio Cattaneo, announced a plan, dubbed Cassiopea, to roll out fast broadband in so-called uneconomic areas.

  • Reuters

    Vodafone, TIM win conditional EU approval for tower deal

    Vodafone and Telecom Italia (TIM) on Friday secured conditional EU antitrust approval to create Europe's biggest mobile towers company, part of a strategy to roll out lucrative 5G services. The European Commission said Vodafone and Tim will make available to rivals 4,000 towers in cities with more than 35,000 people as part of concessions to address competition concerns, confirming a Reuters report on Thursday. Under the deal announced in July last year, Vodafone will transfer its Italian mobile masts to INWIT, which is 60% owned by TIM.

  • Telecom Italia picks KKR as partner for Italian broadband

    Telecom Italia picks KKR as partner for Italian broadband

    Telecom Italia (TIM) on Thursday picked KKR as an exclusive partner to develop its ultra-broadband business, saying its board had taken positive note of a non-binding proposal by the U.S. investment firm. The alliance could give TIM Chief Executive Luigi Gubitosi more firepower in negotiations to create a single national fiber network with smaller rival Open Fiber. Open Fiber is jointly owned by state utility Enel and Cassa Depositi e Prestiti (CDP), the state lender which is also a key investor in TIM with a 10% stake.

  • Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper

    Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper

    Vodafone and Telecom Italia have offered to allow rivals access to sites in some cities for up to nine years, a proposal aimed at allaying EU antitrust concerns over the creation of Italy’s largest mobile tower company, according to an EU document seen by Reuters. The companies announced the deal in July last year which will see Vodafone transfer its Italian mobile masts to INWIT , TIM’s 60%-owned subsidiary. For the telecoms industry, combining towers or sharing networks to reduce debt and share costs are seen as an alternative to counter EU antitrust regulators’ tough line on telecoms mergers that reduce the number of players in a market from four to three.

  • Reuters

    Telecom Italia set to pick KKR as partner in Open Fiber deal - sources

    Telecom Italia (TIM) is set to pick private equity firm KKR to help it to create a national fibre-optic champion with Open Fiber, two sources familiar with the matter said on Thursday. One of the sources said TIM was close to selecting KKR because the U.S. investment firm had also expressed an interest in investing in the former phone monopoly's secondary network - the part that connects street cabinets to subscribers' homes - which it values at 7.0-7.5 billion euros ($7.6-$8.2 billion). KKR declined to comment.

  • Telecom Italia Said to Be Near Picking KKR for Fiber Deal

    Telecom Italia Said to Be Near Picking KKR for Fiber Deal

    (Bloomberg) -- Telecom Italia SpA is close to picking the private equity giant KKR & Co. to help it acquire wholesale fiber carrier Open Fiber SpA, according to people familiar with the matter.Telecom Italia is choosing the U.S. investment firm because it’s also open to purchasing a minority stake in a portion of the Italian company’s landline network, the socalled “secondary network” of copper and fiber lines running from street cabinets to premises, that’s valued by KKR at 7 billion euros ($7.6 billion) to 7.5 billion euros, said the people, who asked not to be named because the discussions are private.Telecom Italia shares rose as much as 3.2% at the market open in Milan, their biggest intraday gain since November. The larger goal is building a single national network, an approach favored by the Italian government led by Premier Giuseppe Conte.Since last year, Telecom Italia Chief Executive Officer Luigi Gubitosi has considered enlisting international funds to help finance a potential network deal with rival Open Fiber, people familiar with the matter said at that time. Gubitosi is also looking to boost demand for premium services, work along with rivals on network investments to cut costs, and spin off noncore assets.Open Fiber’s investors include Italy’s state lender Cassa Depositi e Prestiti and the country’s largest utility, Enel SpA. Francesco Starace, CEO of Enel, said last week in an interview with Börsen Zeitung that he isn’t going to sell the company’s stake in Open Fiber. In contrast, Cassa Depositi would be open to selling its Open Fiber stake, another person said.Spokespeople for Telecom Italia and KKR declined to comment. Representatives for Open Fiber and Cassa Depositi weren’t available after business hours.Open Fiber reported full-year 2018 revenue of 114 million euros. Its active customers numbered 500,000 at the end of that year, and the company reached more than 5 million households with its fiber network.(Updates with share price in third paragraph)\--With assistance from Liana Baker.To contact the reporter on this story: Daniele Lepido in Milan at dlepido1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net;Rebecca Penty at rpenty@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Telecom Italia's revenue head to depart in commercial revamp -sources

    Telecom Italia's Chief Revenue Officer Lorenzo Forina is set to leave the company as part of a wider overhaul of its commercial structure, two sources familiar with the matter said. Forina, who joined Telecom Italia (TIM) in 2013, was appointed to his role a year ago, with the task of developing TIM's domestic consumer and business client divisions.

  • Cordiant Capital aims to raise $350 million for telecoms fund, expands team

    Cordiant Capital aims to raise $350 million for telecoms fund, expands team

    Asset manager Cordiant Capital is looking to raise around $350 million for a telecoms infrastructure equity fund and has hired two veteran dealmakers as it looks to benefit from strong growth in mobile data usage. Canadian-based Cordiant is speaking to potential anchor investors for the fund, Cordiant IX, co-Chief Executive Benn Mikula told Reuters.

  • Reuters

    Happy ending still elusive in Italian broadband drama - sources

    Telecom Italia's efforts to recruit investors to help it to create a national broadband champion with Open Fiber have stalled, sources close to the matter say, as it is proving hard to hammer out a deal structure. The former Italian telecoms monopoly has been talking since last June with utility Enel and state lender Cassa Depositi e Prestiti (CDP) on ways of combining their fibre broadband operations. In a bid to get the ball rolling, Telecom Italia (TIM) asked infrastructure funds in December to evaluate an investment in the potential future combined fibre-optic entity.