TIT.MI - Telecom Italia S.p.A.
| Previous Close | 0.88 |
| Open | 0.88 |
| Bid | 0.87 x 0 |
| Ask | 0.88 x 0 |
| Day's Range | 0.86 - 0.88 |
| 52 Week Range | 0.65 - 0.92 |
| Volume | 0 |
| Avg. Volume | 143,037,933 |
| Market Cap | 17.613B |
| Beta | 1.07 |
| PE Ratio (TTM) | 16.73 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2013-04-22 |
| 1y Target Est | N/A |
- Financial Times•20 minutes ago
[$$] Daily briefing: Alphabet’s big spend, metal price drama, London’s pocket homes
FT subscribers can click here to receive FirstFT every day by email. Alphabet, Google’s parent, kicked off a big week for tech company earnings and tech news more broadly. The latest quarterly earnings ...
- Reuters•13 hours ago
Ruling delays Telecom Italia board showdown with Elliott
A judge ruled in favour of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed. The activist fund has built a stake of 9 percent in TIM to try to shake up the way Vivendi has been running Italy's biggest phone group. Elliott and the French investor were meant to face off for the first time at the Tuesday shareholder meeting, although the two have been in a heated exchange for weeks.
Reuters•15 hours agoRuling delays Telecom Italia board showdown with Elliott
A judge ruled in favor of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed. The activist fund has built a stake of 9 percent in TIM (TLIT.MI) to try to shake up the way Vivendi (VIV.PA) has been running Italy's biggest phone group. Elliott and the French investor were meant to face off for the first time at the Tuesday shareholder meeting, although the two have been in a heated exchange for weeks.
- Bloomberg•17 hours ago
Coffee, Property and Telcos: Elliott's Europe Bets in Focus
It’s going to be a busy week for billionaire Paul Singer’s Elliott Management Corp. as the spotlight turns on three of the activist hedge fund’s European investments. Hammerson Plc, in which Elliott disclosed a stake on Friday, holds its annual general meeting on April 24, as does Telecom Italia SpA. Whitbread Plc is due to report results the next day.
- Reuters•21 hours ago
Elliott stops proxy solicitation for Telecom Italia AGM given uncertainty caused by legal action
Elliott said it had stopped soliciting proxies for Telecom Italia's (TIM) (TLIT.MI) April 24 shareholder meeting due to the uncertainty that arose after the phone group asked a judge to rule on additions to the AGM proposed by the activist investor. Elliott, now TIM's second-largest investor with a 9 percent stake, is pushing for a shake-up of the way Vivendi has been running the Italian phone incumbent. It is seeking to replace six of Vivendi-nominated board members at a shareholder meeting on Tuesday to improve governance, valuation and strategy.
- Simply Wall St.•4 days ago
What Should You Know About Telecom Italia Sp.A.’s (BIT:TIT) Earnings Trajectory?
Telecom Italia Sp.A.’s (BIT:TIT) released its most recent earnings update in December 2017, which suggested that the company experienced a substantial headwind with earnings deteriorating by -36.34%. Below, I’ve laidRead More...
- Reuters•4 days ago
Hedge fund Elliott turns up heat on Vivendi over Telecom Italia
Activist fund Elliott turned up the volume in its war of words with Vivendi (VIV.PA) over the French media group's defence of its strategy for Telecom Italia (TIM) (TLIT.MI), only days before a fight for board seats at Italy's biggest phone group. Elliott, now TIM's second-largest investor with a 9 percent stake, is pushing for a shake-up of the way Vivendi has been running the Italian phone incumbent. Earlier this week, Vivendi asked TIM investors to trust its long-term strategy, saying it provided "stability and expertise" to the Italian phone company, in contrast with the "quick fixes" that Elliott would bring.
Reuters•4 days agoHedge fund Elliott turns up heat on Vivendi over Telecom Italia
Activist fund Elliott turned up the volume in its war of words with Vivendi over the French media group's defense of its strategy for Telecom Italia (TIM), only days before a fight for board seats at Italy's biggest phone group. Elliott, now TIM's second-largest investor with a 9 percent stake, is pushing for a shake-up of the way Vivendi has been running the Italian phone incumbent. Earlier this week, Vivendi asked TIM investors to trust its long-term strategy, saying it provided "stability and expertise" to the Italian phone company, in contrast with the "quick fixes" that Elliott would bring.
- Reuters•5 days ago
Vivendi's chairman brushes off criticism over investment in Telecom Italia
Vivendi (VIV.PA)'s chairman and top investor Vincent Bollore brushed off criticism over the media group's investments in Telecom Italia (TLIT.IT) (TIM) on Thursday. The French media group, which holds a stake of 24 percent in TIM, faces the opposition of U.S. activist fund Elliott, which is asking for substantial changes at the TIM board. "We don't count the chickens until they're hatched," Bollore said at Vivendi's annual shareholder meeting in Paris.
Reuters•5 days agoVivendi's chairman brushes off criticism over investment in Telecom Italia
Vivendi's chairman and top investor Vincent Bollore brushed off criticism over the media group's investments in Telecom Italia (TIM) on Thursday. The French media group, which holds a stake of 24 percent in TIM, faces the opposition of U.S. activist fund Elliott, which is asking for substantial changes at the TIM board. "We don't count the chickens until they're hatched," Bollore said at Vivendi's annual shareholder meeting in Paris.
- Bloomberg•5 days ago
Rome Falls (Again) for Industrial Policy
A corporate battle at Telecom Italia may be a sign of Italy's growing appetite for state intervention.
- The Wall Street Journal•6 days ago
[$$] Telecom Italia Tug-of-War Explained
SA and activist investor Elliott Management Corp. have been exchanging blows in a battle for influence at the telecommunications company. Elliott Advisors, the U.K. arm of Elliott Management, has been building a minority stake in Telecom Italia to push for changes to the board and strategy, including a call for the operator to sell part of its network operation and dispose or sell part of subsea cable unit Sparkle. Vivendi, however, has said it supports the strategy put forward by Telecom Italia’s chief executive and has criticized Elliott as taking a short-term view.
Reuters•6 days agoTelecom Italia calls Elliott proposals premature and unfeasible
Telecom Italia's (TIM) (TLIT.MI) management defended its strategy on Wednesday, saying alternative moves proposed by activist fund Elliott Advisers were premature, unfeasible and carried financial and execution risks. Elliott, now TIM's second-largest investor with a 9 percent stake, is pushing for a shakeup of the Italian phone company. It has proposed selling a majority stake in TIM's soon-to-be created network company and merging it with local rival Open Fiber.
- Reuters•7 days ago
Vivendi sets out its defence as it fights Elliott over Telecom Italia
France's Vivendi (VIV.PA) is asking Telecom Italia (TLIT.MI) (TIM) investors to trust its long-term strategy ahead of a leadership showdown against activist fund Elliott. In a document released online on Tuesday, media group Vivendi - which is the top TIM shareholder - said it provided "stability and expertise" to the Italian phone company, in contrast with the "quick fixes" that Elliott would bring. Elliott did not immediately reply to calls seeking comments.
Reuters•7 days agoVivendi sets out its defense as it fights Elliott over Telecom Italia
France's Vivendi is asking Telecom Italia (TIM) investors to trust its long-term strategy ahead of a leadership showdown against activist fund Elliott. In a document released online on Tuesday, media group Vivendi - which is the top TIM shareholder - said it provided "stability and expertise" to the Italian phone company, in contrast with the "quick fixes" that Elliott would bring. Elliott did not immediately reply to calls seeking comments.
Reuters•7 days agoVivendi sets out its defense as it fights Elliott over Telecom Italia
France's Vivendi is asking Telecom Italia (TIM) investors to trust its long-term strategy ahead of a leadership showdown against activist fund Elliott. In a document released online on Tuesday, media group Vivendi - which is the top TIM shareholder - said it provided "stability and expertise" to the Italian phone company, in contrast with the "quick fixes" that Elliott would bring. Elliott did not immediately reply to calls seeking comments.
- Bloomberg•8 days ago
ISS Urges Investor Support for Elliott's Telecom Italia Nominees
A prominent shareholder advisory firm has once again thrown its support behind Elliott Management Corp.’s efforts to revamp the board of Telecom Italia.
Reuters•8 days agoItalian minister calls Vivendi 'awful' investor in Telecom Italia
Vivendi has been an "awful" investor in Telecom Italia (TIM), Italy's outgoing Industry Minister Carlo Calenda told daily la Repubblica on Monday, as the French media company fights to keep its grip on Italy's biggest phone group. "I am in favour of foreign investments, but this does not mean standing aside when they destroy value rather than creating it, especially when there's a strategic interest at stake," Calenda said in the interview. Vivendi declined to comment on the issue.
- Reuters•8 days ago
Italian minister calls Vivendi 'awful' investor in Telecom Italia
Vivendi has been an "awful" investor in Telecom Italia (TIM), Italy's outgoing Industry Minister Carlo Calenda told daily la Repubblica on Monday, as the French media company fights to keep its grip on Italy's biggest phone group. "I am in favour of foreign investments, but this does not mean standing aside when they destroy value rather than creating it, especially when there's a strategic interest at stake," Calenda said in the interview. Vivendi declined to comment on the issue.
- Reuters•10 days ago
Activist fund SVM takes stake in Italy's TIM, backs Elliott
German activist fund Shareholder Value Management said on Saturday it had built a stake of more than 1 pct in Telecom Italia (TLIT.MI) and supported moves by Elliott Advisers to shake up the Italian phone company. "Funds sub-advised by SVM have purchased over 1 percent of TIM's ordinary shares with the intention to pro-actively support Elliott," SVM said in a statement. U.S. activist fund Elliott moved on Telecom Italia (TIM) last month, declaring itself a minor shareholder and challenging the former phone monopoly's controlling shareholder, French media group Vivendi (VIV.PA), to launch a major shake-up.
- Financial Times•11 days ago
[$$] Tune in for Telecom Italia’s activist battle
The cast of characters would flatter the most lurid of Italian soap operas: the US corporate raider, the suave French media billionaire, and, in the middle, the damsel in distress: Telecom Italia, the ...
- Reuters•14 days ago
Elliott packs Telecom Italia slate with big names to corner Vivendi
Activist fund Elliott has proposed a slate of 10 independent Italian business heavyweights for the Telecom Italia board, betting on growing discontent with the way top shareholder Vivendi has been running the company. Telecom Italia (TIM) investors are due to vote on a new board on May 4 after several Vivendi-nominated board members resigned last month, triggering a full-scale changing of the guard. The activist fund, now TIM's second largest investor with a 9 percent stake, had proposed replacing six of the Vivendi-nominated board members through a shareholder vote this month to improve governance and strategy at Italy's biggest phone group.
Reuters•14 days agoElliott packs Telecom Italia slate with big names to corner Vivendi
Activist fund Elliott has proposed a slate of 10 independent Italian business heavyweights for the Telecom Italia (TLIT.MI) board, betting on growing discontent with the way top shareholder Vivendi (VIV.PA) has been running the company. Telecom Italia (TIM) investors are due to vote on a new board on May 4 after several Vivendi-nominated board members resigned last month, triggering a full-scale changing of the guard. The activist fund, now TIM's second largest investor with a 9 percent stake, had proposed replacing six of the Vivendi-nominated board members through a shareholder vote this month to improve governance and strategy at Italy's biggest phone group.
Reuters•14 days agoTelecom Italia vows legal action to stall Elliott's board drive
Telecom Italia (TIM) (TLIT.MI) plans to take legal action to prevent a vote on board candidates proposed by activist fund Elliott on April 24 as top shareholder Vivendi (VIV.PA) fights to keep its grip on Italy's biggest phone group. French media group Vivendi and Elliott, which has just raised its interest in TIM to 8.8 percent, were meant to face off for the first time at the April shareholder meeting. Paul Singer's fund had called for six Vivendi-nominated board members, including TIM Chairman and Vivendi CEO Arnaud de Puyfontaine, to be replaced with well-known Italian business leaders in a bid to improve governance and strategy.
Reuters•14 days agoTelecom Italia vows legal action to stall Elliott's board drive
Telecom Italia (TIM) (TLIT.MI) plans to take legal action to prevent a vote on board candidates proposed by activist fund Elliott on April 24 as top shareholder Vivendi (VIV.PA) fights to keep its grip on Italy's biggest phone group. French media group Vivendi and Elliott, which has just raised its interest in TIM to 8.8 percent, were meant to face off for the first time at the April shareholder meeting. Paul Singer's fund had called for six Vivendi-nominated board members, including TIM Chairman and Vivendi CEO Arnaud de Puyfontaine, to be replaced with well-known Italian business leaders in a bid to improve governance and strategy.
