TIT.MI - Telecom Italia S.p.A.

Milan - Milan Delayed Price. Currency in EUR
0.3352
+0.0047 (+1.42%)
At close: 5:36PM CEST
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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.3305
Open0.3340
Bid0.3344 x 0
Ask0.3396 x 0
Day's Range0.3330 - 0.3410
52 Week Range0.2861 - 0.5917
Volume118,416,875
Avg. Volume121,764,851
Market Cap7.12B
Beta (5Y Monthly)1.09
PE Ratio (TTM)5.41
EPS (TTM)0.0620
Earnings DateAug 04, 2020
Forward Dividend & Yield0.01 (3.03%)
Ex-Dividend DateJun 22, 2020
1y Target Est0.69
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Thomson Reuters StreetEvents

      Edited Transcript of TIT.MI earnings conference call or presentation 19-May-20 12:00pm GMT

      Q1 2020 Telecom Italia SpA Earnings Call

    • Reuters

      Telecom Italia shares skid after company omits core profit guidance for 2020

      Shares in Telecom Italia (TIM) fell 7% on Tuesday after Italy's biggest phone group gave no guidance on its 2020 core profit target as it reported a drop in first-quarter earnings. The former monopoly, whose investors include France's Vivendi and investment firm Elliott, said organic EBITDA fell 7.5% in January-March from a year earlier as store and business closures during lockdowns due to the coronavirus hit usage of its services including roaming. The company confirmed its financial guidance for 2021-2022 but made no reference to its 2020 core profit target, leading analysts to believe that this year's EBITDA guidance had been dropped.

    • Reuters

      CORRECTED-Italy's TIM Q1 core earnings drop on coronavirus hit

      Telecom Italia (TIM) on Monday reported a drop in first-quarter core earnings after cost cuts failed to fully offset a slump in domestic revenue caused by the coronavirus pandemic. Italy's biggest phone group said on Monday its organic earnings before interest, tax, depreciation and amortization (EBITDA) fell 7.5% in the January-March period from a year earlier to 1.8 billion euros. Domestic revenue fell 11.3% to 3.11 billion euros in the first quarter, hit by stiffer competition in the mobile business coupled with the effects of shop closures and reduced roaming traffic.

    • Reuters

      RPT-Microsoft to invest $1.5 bln in Italian cloud business

      Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world. Microsoft's rival Amazon Web Services last week opened a datacentre region in Milan, while in March Google's Inc sealed a parternership with former phone monopoly Telecom Italia to expand cloud business operations in Italy. Jean-Philippe Courtois, Microsoft's head of global sales, marketing and operations, said the company saw enormous potential to accelerate innovation through cloud services.

    • Reuters

      Microsoft to invest $1.5 bln in Italian cloud business

      Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world. Microsoft's rival Amazon Web Services last week opened a datacentre region in Milan, while in March Google's Inc sealed a parternership with former phone monopoly Telecom Italia to expand cloud business operations in Italy. Jean-Philippe Courtois, Microsoft's head of global sales, marketing and operations, said the company saw enormous potential to accelerate innovation through cloud services.

    • Reuters

      WRAPUP 1-Telefonica, TIM to move ahead with Brazil M&A plans despite COVID-19

      Brazilian telecoms firms Telefonica Brasil SA and TIM Participacoes SA are moving ahead with a potential joint bid for rival Oi SA's mobile unit despite the challenges of the COVID-19 outbreak, executives said Wednesday. "We're confident that our strategy is the right one," Telefonica Brasil Chief Executive Christian Gebara told investors on a call, noting it is still early to assess the full extent of the global pandemic. "The level of uncertainty is much higher, but we're not willing to cut costs or capital expenditure that will help us grow and compete in the long term," TIM Chief Executive Pietro Labriola said on a separate call.

    • Bloomberg

      It's Politics as Usual in Italy's State-Led Firms

      (Bloomberg Opinion) -- The anti-politics Five Star Movement may be part of Italy’s ruling coalition, but recent nominations to the boards of Italy’s state-backed companies look as pro-politics as ever.Oil major Eni SpA, utility Enel SpA and defense group Leonardo SpA are among those that get a boardroom review every three years. The quixotic hope is that appointments are made via a clear process and at arm’s length from politics. This time around, unfortunately, one gets the impression of low-level horse trading.Nominations seem to have been crudely carved up between the two sides of the ruling coalition, with the Democratic Party choosing the chief executives and Five Star nominating the chairmen. This turns good governance into a political balancing act.The CEOs have mainly been reconfirmed in their roles. Fair enough. Ditching well-regarded executives in a crisis risks creating instability when it can least be afforded. All the same, the Democratic Party could be seen as merely ratifying the candidates it appointed or confirmed last time around.At the chairmen level, new faces abound. Assuming these are Five Star placements, it’s hard to believe there’s no agenda in forcing change. Eni receives a commercial law professor, who is also on the board of the publisher of newspaper Il Fatto Quotidiano. The paper has recently been critical of CEO Claudio Descalzi, who is the subject of litigation relating to corruption allegations. Meanwhile, Enel gets a banking regulation lawyer, who advised the bailed-out Banca Monte dei Paschi di Siena SpA. Over at defense group Leonardo SpA, the new chairman is, sensibly enough, the head of Italy’s foreign intelligence services. But a different board nominee has created controversy over reported ties to foreign affairs minister Luigi di Maio.The acid test is what independent shareholders will make of all this. The Eni appointment sends a message to Descalzi that governance must be taken seriously and that he should not relax even if the litigation against him (which is now concluding) fails. The snag is that the oil industry is facing its biggest operational and strategic challenge in decades, with Brent crude at a lowly $21 per barrel and clean energy an investment imperative. If a crisis of this magnitude isn’t the time to pair Descalzi with an industry veteran, then when is?Over at Enel, outside shareholders will have questions about the strategic implications of installing a new chairman right now. Enel has been under pressure to combine its fiber broadband unit with that of Telecom Italia SpA, to help provide universal internet access — a central Five Star goal. Thus far, CEO Francesco Starace has been cautious about agreeing to a deal. The logic and terms of such a transaction would be a concern to Enel’s non-state investors who own the majority of the group.Of course, the chairman role at Italian state-owned companies is really more administrative than in, say, a U.K. company where the occupant can fire the CEO. At all three of these firms, CEO and chairman alike answer to the state. The government can phone up Starace and dictate aims any time. Besides, finding the perfect chairman or CEO is tough anywhere. The holy grail is someone who has relevant experience, strategic vision and can strengthen the diversity of the board. They don’t exactly grow on trees.But depoliticizing these appointments has to start somewhere. Pandemic bailouts will see more firms taking on the state as a shareholder. If supposedly anti-politics Italy is anything to go by, those holdings will be kept awkwardly close.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • Reuters

      Brazil telecoms watchdog monitoring 5G plan, says delay talk premature

      Brazilian telecoms regulator Anatel said on Thursday it was closely monitoring to decide whether to postpone the country's fifth-generation mobile network (5G) spectrum auction due to the coronavirus outbreak while insisting that it remained premature to discuss a delay. "So far, it is still possible to carry out the bidding process at the end of 2020," Anatel said in a statement, noting it is monitoring "how the current scenario evolves" to decide whether the auction should be put off until the first two months of 2021. The regulator has approved spectrum availability and other bidding rules, which are under a public review expected to be concluded by April 17.

    • 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.

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

      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
      Bloomberg

      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.

    • 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.

    • Reuters

      Telecom Italia board meets to discuss KKR's proposals for Italian broadband

      The board of Telecom Italia (TIM) met on Thursday to discuss proposals by U.S. investment firm KKR for a broadband investment in the country as the government pushes for a unified ultra-fast network. Rome wants the former phone monopoly and smaller fibre-optic operator Open Fiber to create a single ultra-fast broadband player to avoid duplicating investments but a deal has so far proved elusive. As negotiations stall and Open Fiber continues to roll out its network, TIM has invited infrastructure funds to consider an investment in the potential future combined fibre-optic entity.

    • 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
      Bloomberg

      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.

    • Moody's

      Telecom Italia Finance, S.A. -- Moody's announces completion of a periodic review of ratings of Telecom Italia S.p.A.

      Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Telecom Italia S.p.A. Madrid, February 10, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telecom Italia S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

    • 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
      Reuters

      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.