Previous Close | 0.8888 |
Open | 0.8850 |
Bid | 0.8572 x 0 |
Ask | 0.8720 x 0 |
Day's Range | 0.8572 - 0.8908 |
52 Week Range | 0.8350 - 2.3400 |
Volume | |
Avg. Volume | 733,011 |
Market Cap | 60.018M |
Beta (5Y Monthly) | 1.58 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.4000 |
Earnings Date | May 17, 2021 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 1.00 |
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MILAN (Reuters) -Telecoms operator Tiscali and Linkem Retail, a unit of private broadband group Linkem, have agreed to merge in a deal that would create Italy's fifth largest fixed line telecoms operator, the two companies said on Thursday. The move flags a push for consolidation in Italy's hyper-competitive telecoms sector, which is facing shrinking revenues and margins over the past decade. It comes at a time when Italy is preparing to tap billions of euros of European Union recovery funds to boost broadband connectivity, and as its telecoms industry is in flux following a proposal last month by U.S. private equity giant KKR to take over former phone monopoly Telecom Italia (TIM).