|Day's Range||0.853 - 0.873|
|52 Week Range||0.667 - 0.916|
|PE Ratio (TTM)||11.39|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Telecom Italia (TLIT.MI) named Vivendi's Amos Genish as its general manager for operations on Friday as the French media giant tightened its grip on the Italian phone group, where it is the largest shareholder. The appointment comes after Telecom Italia (TIM) parted ways with Chief Executive Flavio Cattaneo, who is leaving the company after only 16 months in the job following clashes with Vivendi (VIV.PA), which holds a 24 percent stake. Genish, whose latest job was chief convergence officer at Vivendi, formerly headed the Brazilian subsidiary of Spanish operator Telefonica (TEF.MC) and founded GVT, a Brazilian mobile operator.
PARIS/MILAN/SAO PAULO (Reuters) - Telecom Italia's fund investors are counting on a former Israeli army captain and telecoms dealmaker to complete the company's overhaul -- with a burst of deals. The company this week let go chief executive Flavio Cattaneo after just 16 months of a four-year contract, even though many regard him as the author of a remarkable turnaround at Telecom Italia. The European telecom has nevertheless managed to keep the faith of investors thanks to the expected arrival of Amos Genish.
The righthand man of media mogul Silvio Berlusconi visited the headquarters of Telecom Italia on Wednesday and met the company's deputy chairman Giuseppe Recchi, a source said. Telecom's top shareholder is France's Vivendi, which has also built up an almost 30 percent stake in Berlusconi's Mediaset, in a move that has infuriated the former Italian prime minister. A source told Reuters Letta had seen Recchi, whom he has known for some time.