TIT.MI - Telecom Italia S.p.A.
| Previous Close | 0.8624 |
| Open | 0.8650 |
| Bid | 0.8730 x 0 |
| Ask | 0.8800 x 0 |
| Day's Range | 0.8622 - 0.8812 |
| 52 Week Range | 0.6470 - 0.9160 |
| Volume | 196,993,002 |
| Avg. Volume | 140,910,877 |
| Market Cap | 17.778B |
| Beta | 1.07 |
| PE Ratio (TTM) | 16.85 |
| 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 |
- Simply Wall St.•2 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•3 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•3 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•3 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•3 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•3 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•4 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•4 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•5 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•5 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•5 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•6 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•6 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•6 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
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•9 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•12 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•12 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•13 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•13 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•13 days ago
Telecom Italia to take legal action over auditors' April AGM decision
Telecom Italia (TLIT.MI) said a decision by statutory auditors to include a vote on board candidates proposed by activist fund Elliott in a shareholder meeting in April was unlawful, adding the company would take legal action to protect its rights. TIM said auditors can only intervene when the board does not respond to a shareholder request to amend the agenda, but not when the auditors simply do not agree with the board's decision, which it said was the case in this instance. The board said it had, by a majority vote, decided to distance itself from the auditors' decision, which it called "erroneous and particularly serious".
Reuters•13 days agoItalian fund association will not present slate for Telecom Italia board vote
Italian fund association Assogestioni said on Monday it had decided not to present a slate proposing candidates for the board of phone group Telecom Italia ahead of a shareholder vote on May 4. Last month ...
- Bloomberg•13 days ago
Telecom Italia Plans Legal Action in Elliott Battle
Telecom Italia SpA’s board said it will take every legal action necessary to block activist investor Elliott Management Corp. from pushing ahead with its own slate of directors at the company’s next shareholder ...
- Financial Times•13 days ago
[$$] Elliott lifts stake in Telecom Italia ahead of board showdown
Elliott, the US hedge fund, has upped its stake in Telecom Italia to 9 per cent as it continues to put pressure on Vivendi , which controls the Italian telecoms company, ahead of a showdown in May. The ...
Reuters•13 days agoProxy adviser ISS says Vivendi 'more of a liability' for Telecom Italia
Proxy adviser ISS recommended Telecom Italia investors to back the list of directors proposed by activist fund Elliott at a vote expected at an April 24 meeting, claiming top investor Vivendi was a liability ...
