TIT.MI - Telecom Italia S.p.A.
| Previous Close | 0.83 |
| Open | 0.83 |
| Bid | 0.83 x 0 |
| Ask | 0.83 x 0 |
| Day's Range | 0.83 - 0.84 |
| 52 Week Range | 0.65 - 0.92 |
| Volume | 119,745,679 |
| Avg. Volume | 145,968,774 |
| Market Cap | 16.803B |
| Beta | 1.07 |
| PE Ratio (TTM) | 15.96 |
| 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 |
- Reuters•2 hours ago
Vivendi says Elliott's support of Telecom Italia CEO is inconsistent
Vivendi said on Thursday that a vote by activist fund Elliott Advisors in favour of Telecom Italia's boss Amos Genish on April 24 showed its "inconsistency". Genish was backed by nearly all shareholders at a general meeting on Tuesday. Elliott has built a stake of 9 percent in the former state telecom monopoly to try to shake up the way the French media group - which owns 24 percent - runs it.
Reuters•2 days agoTelecom Italia shareholders back CEO as board seat showdown looms
Telecom Italia (TIM) (TLIT.MI) Chief Executive Amos Genish was backed by nearly all shareholders present at a general meeting on Tuesday, days before a showdown over board seats between the Italian phone group's top two investors. Activist fund Elliott has built a stake of 9 percent in the former state phone monopoly to try to shake up the way Vivendi (VIV.PA) - which owns 24 percent - runs it. The two investors have been trading blows for the past seven weeks, with Elliott accusing Vivendi of serving only its own interests and the French media group saying the fund was looking only for short-term financial gains.
- Reuters•2 days ago
Telecom Italia CEO hopes will be aligned with, trusted by new board
Telecom Italia (TLIT.MI) Chief Executive Amos Genish said he would be honoured to continue in his post after a new board for the phone group is elected on May 4 but only if he can gain the trust and is aligned with the new set of board directors. Genish is a close ally of top shareholder Vivendi (VIV.PA), but the French media group may lose control of the board at the May meeting when its slate will compete against a list of 10 independent directors put forward by activist fund Elliott. "Like for any CEO, the trust and alignment with the board are key ... I hope I will get it with the next board," Genish told a TIM shareholder meeting on Tuesday.
- Financial Times•2 days ago
[$$] Daily briefing: Alphabet spending splurge, Amazon home robot, London pocket homes
FT subscribers can click here to receive FirstFT every day by email. Alphabet kicked off a big week for tech earnings, with numbers that showed Google was continuing to generate phenomenal advertising ...
- Financial Times•2 days ago
[$$] French police detain billionaire Vincent Bolloré in Africa bribery probe
, was placed in police custody on Tuesday as part of an investigation into suspected bribery of foreign officials in Africa. Prosecutors are investigating whether a subsidiary of the French billionaire’s business empire helped win power for African leaders in return for contracts to operate ports. According to a person familiar with the inquiry, the police are looking into Bolloré Group, the family holding company whose African subsidiary claims to be the largest transport and logistics operator on the continent.
- Reuters•3 days 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•3 days 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•3 days 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•3 days 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.•6 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•7 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•7 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•7 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•7 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•7 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•8 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•8 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•9 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•9 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•9 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•10 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•10 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•10 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•12 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•14 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 ...
