Advertisement
Advertisement
U.S. Markets open in 7 hrs 30 mins
Advertisement
Advertisement
Advertisement
Advertisement

Telecom Italia S.p.A. (TIT.MI)

Milan - Milan Delayed Price. Currency in EUR
Add to watchlist
0.4081-0.0015 (-0.37%)
At close: 05:35PM CET
Advertisement
Sign in to post a message.
  • D
    Daniel
    The rich seen an economic crisis as a garage sale also the rich stays rich by investing and diversifying their portfolio with trading currency and forex trading which is the wisest thing every individual needs to do and it's real profiting
  • T
    Tony
    Investing is the wisest thing to do, especially with the current fall, when you allow a good trader to handle your investment, all you see is win and win
  • R
    Ralph
    True, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance that lack and investment value. this means, if you have to plan you must be an investor, that's why investing with Annabelle Ryan stand to be the best
    Bullish
  • P
    PMA
    Fiber Corp/Open Fiber Multiple * EBITDA AL - Net Debt AL == 8.5 x 5.5 - 17.4 ~= 1.45/share. So, if KKR pays $1/share, Vivendi will exit without losses and KKR will still get discount of 45 cents/share.
    Fitch mentions TDC acquisition in 2018 at 8 x EBITDA. Fiber Corp deal was made at 8.5x. So, I would say 7.5-8.5 is the fair value range for the deal.
  • P
    PMA
    Fitch:
    TI is the subject of a ‘non-binding and indicative’ approach by KKR aimed at taking the company private. The offer values TI at EUR33 billion and represents an enterprise value (EV)/EBITDA multiple of 5.0x. The offer is conditional on due diligence and clearance by the Italian government. If it proceeded, we would review TI’s rating, with probable negative implications.

    TI could separate fixed network assets and achieve market consolidation by merging with network infrastructure competitor Open Fiber, which, along with some scope to cut costs through operating restructuring, full-fibre deployment and all-IP networks, are likely to be key to creating value.

    TDC’s 2018 acquisition by DKT, for an EV/EBITDA multiple of 8x, eventually led to a rating downgrade to ’B+’ from ‘BBB-’. The multi-notch downgrade reflected a significant debt component in the funding structure with FFO net leverage increasing to 6.7x from about 3.6x. Some new debt was secured and ranked above residual unsecured debt, while other new instruments were structurally subordinated. DKT’s strategy is to manage the company’s telecoms network infrastructure in a separate company from its retail arm reflecting their differing operating requirements and risk-return profiles.

    Telecoms infrastructure assets have a greater capacity to support higher leverage than their fully vertically integrated peers, reflecting greater stability and visibility of their cashflow due to their captive customer base and limited alternative infrastructures. For example, NBN in Australia could have FFO net leverage of up to 6.0x for a standalone rating of ‘BBB-‘. CETIN, an infrastructure provider operating in central and Eastern Europe, has a negative FFO net leverage sensitivity of around 4.5x for a ‘BBB-’ rating (see What Investors Want to Know: European Telecoms Infrastructure Sales). This compares to a negative rating sensitivity of 3.8x for vertically integrated incumbent telecoms operators with low geographic diversification.

    Potential investors could play a significant role in separating TI’s retail and mobile operations from its local access infrastructure and merging with Open Fiber. This would create an infrastructure company with a strong operating profile that has a similar leverage capacity to NBN. However, the regulatory approach in Italy would also need to evolve to ensure that competitiveness and innovation are maintained, while achieving economies of scale for a single fibre-based network infrastructure. The strategic nature of telecom networks involves political considerations and national controls.

    We believe that TI has to accelerate its cost-reduction programme in the short to medium term to mitigate competitive pressures in the mobile and fixed wholesale segments. The company’s recent revision of 2021 guidance is broadly in line with Fitch’s base-case forecasts and we do not expect significant changes to it. TI still has limited headroom at its current ‘BB+’ rating with FFO net leverage broadly stable at 4.1x.

    Fitch believes TI has a strong asset base with a sustainable leading position in the Italian telecom market. We think TI has absorbed over 50% of the financial impact caused by competition with Iliad Italy and Open Fiber. Italy’s telecom market dynamics are not new and we expect the company’s operating profile to remain strong over the next three to four years. However, it may need a more ambitious operational restructuring to sustain its rating if competition puts further pressure on its financial performance.
  • f
    femal
    I couldn’t be happier with the daily emails I get from (http://trademarketview.tech). They give me the best daily advice based on stock market news and help me make wiser decisions when it comes to investing. An absolute must for any investor!
  • R
    RouletteWheel
    When Private Equity interested it must really be cheap, must be good news for a lot of other lowly priced telecom stock
    Bullish
  • P
    PMA
    Tim Brazil - Virtually 0 net debt, brl 8.5 Billion ebitda, exp. growth, BRL at lows. KKR will make a ton of profits from TIM SA. It would almost pay all the cash they're paying for all equity in Group TIM.
  • Y
    Yahoo Finance Insights
    🚨 Top Gainers 🚨
    TIAOF - Vol 721892, Price 0.5500, Change +0.1701 (+44.77%), https://finance.yahoo.com/quote/TIAOF?source=topgainer
    DY - Vol 1738679, Price 97.61, Change +14.11 (+16.89%), https://finance.yahoo.com/quote/DY?source=topgainer
    EVGRF - Vol 250475, Price 0.5800, Change +0.0800 (+16.00%), https://finance.yahoo.com/quote/EVGRF?source=topgainer
    DLTR - Vol 5367613, Price 148.06, Change +15.50 (+11.69%), https://finance.yahoo.com/quote/DLTR?source=topgainer
    TIIAY - Vol 523834, Price 5.57, Change +0.56 (+11.18%), https://finance.yahoo.com/quote/TIIAY?source=topgainer
  • Y
    Yahoo Finance Insights
    🚨 Top Gainers 🚨
    TIAOF - Vol 721892, Price 0.5500, Change +0.1701 (+44.77%), https://finance.yahoo.com/quote/TIAOF?source=topgainer
    DY - Vol 1738679, Price 97.61, Change +14.11 (+16.89%), https://finance.yahoo.com/quote/DY?source=topgainer
    EVGRF - Vol 250475, Price 0.5800, Change +0.0800 (+16.00%), https://finance.yahoo.com/quote/EVGRF?source=topgainer
    DLTR - Vol 5367613, Price 148.06, Change +15.50 (+11.69%), https://finance.yahoo.com/quote/DLTR?source=topgainer
    TIIAY - Vol 523834, Price 5.57, Change +0.56 (+11.18%), https://finance.yahoo.com/quote/TIIAY?source=topgainer
  • Y
    Yahoo Finance Insights
    🚨 Top Gainers 🚨
    MPLN - Vol 18184144, Price 4.7240, Change +1.2040 (+34.20%), https://finance.yahoo.com/quote/MPLN?source=topgainer
    TIIAY - Vol 1207091, Price 5.01, Change +1.17 (+30.47%), https://finance.yahoo.com/quote/TIIAY?source=topgainer
    VG - Vol 103410447, Price 20.60, Change +4.23 (+25.84%), https://finance.yahoo.com/quote/VG?source=topgainer
    ASTR - Vol 70515426, Price 11.20, Change +1.67 (+17.54%), https://finance.yahoo.com/quote/ASTR?source=topgainer
    GOEV - Vol 18469194, Price 11.78, Change +1.75 (+17.51%), https://finance.yahoo.com/quote/GOEV?source=topgainer
  • L
    Leo
    Many people are seeking for stability in this unstable crypto space and A lot of people are wondering if now is a good time to buy because of where the price is at right now . I'd say it's wrong to just sit back hold and wait maybe incur some losses along the line , that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profits should be the way of life that being said , the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of the Mr. Steve program , an establishment that handles people who lack understanding on how maneuver the crypto space , to help them recover loss from the crash and also accumulate more positive returns , with their program i went from having 1.4btc to 7btc in just 9 weeks.

    if you're interested in getting started just send Steve a message on whats<<<>>App + 1 ( 8 1 3 ) 6 8 3 ‑ 6 3 1 0 OR Te** le*gram @SteveFX01
    Bullish
  • a
    alexx
    Telecom Italia is a great buy at these levels of approx. EUR 0.60
  • A
    Antti
    I see this company as a deep value play at the current price and bought a few thousand shares. Do you agree?
    Bullish
  • M
    Matt
    Will it ever go up?
  • c
    cattan
    I’ve been day trading for years and I’m so glad I finally found (http://Pick-stocks.com). They’re pre-market watchlists cover all the latest market-moving news, and they don’t beat you down with tons of ads. Highly recommend!
  • K
    KingStocks
    Very competent CEO Gubitosi will take the stock to new all time high, and will definitely resolve the problem of debt in this company. Enter now and you will be happy in the future not so far.
    Bullish
  • Y
    Yahoo Finance Insights
    TI-A is down 6.75% to 5.25
  • B
    Bipul
    Bullish
  • j
    john
    0.4990 today....the problem is that this isn't a real company. it is more like a state-owned enterprise. just look at Venezuela and their SOE's.
Advertisement
Advertisement