TIT.MI - Telecom Italia S.p.A.
| Previous Close | 0.7615 |
| Open | 0.7635 |
| Bid | 0.7670 x 2780200 |
| Ask | 0.7760 x 16578600 |
| Day's Range | 0.7595 - 0.7795 |
| 52 Week Range | 0.6670 - 0.9160 |
| Volume | 114,330,185 |
| Avg. Volume | 77,463,171 |
| Market Cap | 15.31B |
| Beta | 0.47 |
| PE Ratio (TTM) | 12.01 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.00 (0.00%) |
| Ex-Dividend Date | 2013-04-22 |
| 1y Target Est | N/A |
- Reuters•yesterday
Telecom Italia's network should be spun off and listed - minister
Italian Industry Minister Carlo Calenda said on Friday that Telecom Italia's (TIM) (TLIT.MI) fixed-line network should be spun off from the rest of the company and listed. Italian politicians have been calling off and on since 2006 for TIM's network to be transferred to a state-controlled entity as Rome considers it a strategic asset that should be a neutral platform open to all phone companies. The network issue returned to the forefront of political debate when French media group Vivendi (VIV.PA) built a 24 percent stake in TIM, becoming its top investor and increasingly calling the shots at Italy's biggest phone group.
- Financial Times•3 days ago
[$$] Fund managers face shortage of European junk bonds
A blockbuster bond buyback by Tesco comes at a pivotal moment for fund managers owning European high-yield debt, with more companies vacating the speculative rated debt universe. The shrinking of the European ...
- Bloomberg•4 days ago
This is How a French Billionaire Retires
Vincent Bollore makes $50 billion worth of deals
- Reuters•5 days ago
Italy moves to rein in Vivendi's influence over Telecom Italia
ROME/MILAN (Reuters) - Italy told Telecom Italia (TLIT.MI) on Monday that it wants to have a say in all its strategic decisions, in the strongest sign so far that Rome intends to rein in the growing influence of French group Vivendi over the former state monopoly. Prime Minister Paolo Gentiloni signed a decree activating the so-called "golden power" on Telecom Italia (TIM) after Vivendi (VIV.PA), now TIM's biggest investor with a 24 percent stake, tightened its grip on the company.
- Reuters•5 days ago
Vivendi declines comment on Italy's exercise of 'golden power'
PARIS (Reuters) - French media group Vivendi (VIV.PA) said it had no comment on Italy's decision on Monday to exercise its so-called "golden power" to protect former state telephone monopoly ...
- Reuters•5 days ago
Italy's undersecretary not aware of talks with Telecom Italia over network spin-off
PRATO, Italy - (Reuters) - The Italian government is not currently talking to Telecom Italia about the idea of spinning off the group's fixed-line network, a junior minister said on Monday. After French media company Vivendi became Telecom Italia's top shareholder, Italy's government has been discussing if and how to intervene over Telecom Italia's assets it considers strategic, including the group's network as well as its Telsy and Sparkle units. "Not that I'm aware of," telecommunication undersecretary Antonello Giacomelli said when asked about potential talks between the government and the company on separating the network.
- Reuters•5 days ago
Italy's undersecretary not aware of talks with Telecom Italia over network spin-off
PRATO, Italy - (Reuters) - The Italian government is not currently talking to Telecom Italia about the idea of spinning off the group's fixed-line network, a junior minister said on Monday. After French media company Vivendi became Telecom Italia's top shareholder, Italy's government has been discussing if and how to intervene over Telecom Italia's assets it considers strategic, including the group's network as well as its Telsy and Sparkle units. "Not that I'm aware of," telecommunication undersecretary Antonello Giacomelli said when asked about potential talks between the government and the company on separating the network.
- Financial Times•6 days ago
[$$] Power struggles and politics dog Telecom Italia revival efforts
Telecom Italia has lurched from crisis to crisis over the two decades since it was Europe's most valuable telecoms company. Tossed between foreign suitors and government interventions, it has ended up ...
- Reuters•8 days ago
Italy passes decree to ward off foreign takeovers
Italy's cabinet on Friday passed a decree to force investors that build up minority stakes of at least 10 percent in Italian listed companies to disclose what their intentions are on final ownership. The change, aimed at warding off hostile foreign takeovers, comes as French media company Vivendi is under scrutiny in Italy for its stake-building in Telecom Italia and in broadcaster Mediaset. The new rules on takeovers signals protectionist sentiment is on the rise in Italy after years of relatively open approach to foreign acquisitions which French companies, in particular, have taken advantage of.
Reuters•8 days agoItaly regulator explores forced Telecom Italia network split: sources
MILAN/ROME (Reuters) - Italy's communications regulator is considering whether it could force Telecom Italia (TIM) (TLIT.MI) to put its fixed-line network into a separate company to address competition concerns, three sources close to the matter said. Such a move would result in the network becoming a legal entity in its own right, with its own governance and management structure although the company would still be fully controlled by TIM, the sources told Reuters on Friday. Politicians and rival phone companies have long called for TIM to separate its network, but pressure has increased since Rome took issue with the growing influence of French media group Vivendi (VIV.PA), which is its top investor with a 24 percent stake and recently appointed two of TIM's top managers.
- Reuters•8 days ago
Italy regulator explores forced Telecom Italia network split - sources
MILAN/ROME (Reuters) - Italy's communications regulator is considering whether it could force Telecom Italia (TIM) (TLIT.MI) to put its fixed-line network into a separate company to address competition concerns, three sources close to the matter said. Such a move would result in the network becoming a legal entity in its own right, with its own governance and management structure although the company would still be fully controlled by TIM, the sources told Reuters on Friday. Politicians and rival phone companies have long called for TIM to separate its network, but pressure has increased since Rome took issue with the growing influence of French media group Vivendi (VIV.PA), which is its top investor with a 24 percent stake and recently appointed two of TIM's top managers.
- Reuters•8 days ago
Italy likely to discuss use of 'golden power' over Telecom Italia on Monday: government source
Italy's Cabinet is likely to discuss on Monday the use of its so-called "golden power" that allows it to intervene to protect strategic companies, a government source said on Friday, amid concern over ownership of Telecom Italia. French media group Vivendi's became Telecom's top investor with a 24 percent stake last year, but it denies controlling the company. In a related move, the government passed a decree on Friday that will regulate the use of the "golden power" in the future, the source said.
Reuters•8 days agoItaly likely to discuss use of 'golden power' over Telecom Italia on Monday: government source
Italy's Cabinet is likely to discuss on Monday the use of its so-called "golden power" that allows it to intervene to protect strategic companies, a government source said on Friday, amid concern over ownership of Telecom Italia. French media group Vivendi's became Telecom's top investor with a 24 percent stake last year, but it denies controlling the company. In a related move, the government passed a decree on Friday that will regulate the use of the "golden power" in the future, the source said.
- Reuters•10 days ago
Italy ruling party proposes state role for T.Italia network
Italy should play a role in resolving the gridlock over Telecom Italia's (TIM) (TLIT.MI) network assets, possibly by involving state lender Cassa Depositi e Prestiti (CDP), the president of the ruling PD party said in a position paper. Italian politicians have been calling on and off since 2006 for TIM's network to be transferred to a state-controlled entity as Rome considers it a strategic asset that should be a neutral platform open to all phone companies. The heavily-indebted company has been criticised for putting off costly upgrades to its ageing copper network and is now facing competition from Open Fiber, jointly controlled by utility Enel (ENEI.MI) and CDP.
Reuters•11 days agoVivendi offers compensation to settle dispute with Mediaset: sources
MILAN/PARIS (Reuters) - French media group Vivendi has offered to pay compensation to Mediaset to settle a dispute with the Italian broadcaster over a soured pay-TV deal, three sources close to the matter said on Tuesday. The two companies have been at loggerheads since July last year when Vivendi, in an unexpected U-turn, pulled out of a 800 million euro ($945 million) contract that would have given it full control of Mediaset's pay-TV arm Premium, saying the unit's business plan was unrealistic. One of the sources said Vivendi would pay a first tranche of 250 million euros as part of a wider tentative agreement.
- Reuters•16 days ago
Telecom Italia chairman keeps open mind about possible network spin-off
Telecom Italia (TIM) (TLIT.MI) chairman Arnaud de Puyfontaine is keeping an open mind about possibly separating its fixed-line network, he said on Thursday, a move favoured by some Italian government officials. The strategy of Italy's biggest phone group has become a hot topic among investors after French media company Vivendi (VIV.PA), TIM's largest shareholder, tightened its grip on the firm and appointed one of its top executives as TIM's CEO. Politicians in Rome have also become increasingly concerned about Vivendi's influence over TIM, which is considered a strategic company.
- Reuters•22 days ago
Italy may fine Telecom Italia over Vivendi control: source
Italy has launched a process that could end with Telecom Italia (TLIT.MI) being fined for failing to notify Rome that French media group Vivendi (VIV.PA) had assumed de facto control of the phone company, a government source said. Vivendi denies its 24 percent holding in Telecom Italia has given it effective control of the company. Telecom Italia shares fell 1 percent on Friday morning.
Reuters•23 days agoItaly launches process for possible fine of Vivendi over TIM control: source
Italy began a process on Thursday that could end with French media group Vivendi (VIV.MI) being fined for failing to notify Rome that it had de facto control over Telecom Italia (TLIT.MI), an Italian government source said. Vivendi denies that its 24 percent holding in the Italian phone group has given it effective control of the company. An Italian government panel met on Thursday to conclude its investigation, which began last month, and "launched the process for the possible application of the fine," the source said, without indicating how much it might amount to.
Reuters•23 days agoTelecom Italia picks ex-Israeli army officer as CEO
Telecom Italia has picked a former Israeli army captain and Vivendi top manager as its new chief executive, betting on him to fend off rising competition in Italy, turn around operations in Brazil and appease politicians in Rome. Amos Genish was promoted just two months after being named general manager for operations at the Italian phone group, where Vivendi is an increasingly assertive top shareholder with a 24 percent stake. The choice of the 57-year-old telecoms dealmaker - a former chief convergence officer at Vivendi and a favourite of its chairman Vincent Bollore - comes at a time of growing unease in Rome about the French group's influence over Italy Inc.
Reuters•24 days agoVivendi's role in Telecom Italia not discussed at Italy-France summit: minister
French media group Vivendi's role in Italy's telephone group Telecom Italia was not discussed on Wednesday at a summit between the French and Italian governments, Italian Industry Minister Carlo Calenda told reporters. Rome is considering sanctioning Vivendi, saying the company built a controlling stake in Telecom Italia without informing the government, in contravention of state rules.
Reuters•29 days agoItaly set to fine Vivendi over Telecom Italia control, fine less than 300 million euros: source
Italy is set to fine Vivendi for failing to notify the government of its effective control of Telecom Italia (TIM) with a penalty of less than 300 million euros ($359 million), a source close to the matter said on Friday. Government officials are due to meet on Monday to discuss whether to sanction the French media group on the grounds that it had failed to meet its legal obligations and inform the prime minister's office that it had gained de facto control over TIM. The source said the government will contest Vivendi's failure to notify, "but the fine will be below 300 million euros.
- Zacks•last month
The Zacks Analyst Blog Highlights: Daimler, E.ON, BASF, Telecom Italia and Ipsen
The Zacks Analyst Blog Highlights: Daimler, E.ON, BASF, Telecom Italia and Ipsen
- Zacks•last month
The Zacks Analyst Blog Highlights: Golden Star Resources, Just Energy Group, Telecom Argentina and Telecom Italia
The Zacks Analyst Blog Highlights: Golden Star Resources, Just Energy Group, Telecom Argentina and Telecom Italia
Reuters•2 months agoItalian government to discuss Vivendi's influence on Telecom Italia
The Italian government will meet on Friday to discuss the growing influence of France's Vivendi (VIV.PA) in Telecom Italia (TLIT.MI) and whether Rome can exercise special powers over the phone group, a government source said on Friday. The government is looking into whether Vivendi, which owns 24 percent of the former Italian phone monopoly, breached an obligation to notify Rome of its effective control of a firm considered a strategic national asset. A second source said a bilateral meeting between French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni, scheduled for late September, could be key in deciding the matter.
