|Bid||0.4073 x 0|
|Ask||0.4076 x 0|
|Day's Range||0.4067 - 0.4133|
|52 Week Range||0.3024 - 0.5094|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||1.19|
|Forward Dividend & Yield||0.01 (2.25%)|
|Ex-Dividend Date||Jun 21, 2021|
|1y Target Est||N/A|
Italy's biggest phone group Telecom Italia (TIM) is set on Wednesday to give preliminary backing to a draft overhaul plan by its new chief executive, against which a takeover approach by U.S. fund KKR will be assessed. TIM, which is battling with shrinking revenues in its hyper-competitive domestic market, last week named General Manager Pietro Labriola as CEO https://www.reuters.com/business/media-telecom/kkrs-bid-target-telecom-italia-set-make-veteran-manager-labriola-ceo-2022-01-21, its fifth boss in six years. Former CEO Luigi Gubitosi quit in November, a week after KKR tabled a 10.8 billion euro ($12.18 billion) non-binding bid to take the group private, to which TIM is yet to respond.
(Bloomberg) -- Telecom Italia SpA named General Manager Pietro Labriola as its new chief executive officer, throwing up a fresh hurdle to a 10.8 billion-euro ($12.2 billion) takeover bid by KKR & Co.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market Value‘Lethal’ U.S. Military Aid Begins Arriving in UkraineBitcoin Has Lost Half Its Value Since Hitting Record HighBitcoin Chart Hints at Possible Floor for SlideTech Leads Stocks to Worst Week Since March 2020: Markets WrapT
Telecom Italia (TIM) on Friday appointed veteran manager Pietro Labriola as chief executive, in a move that could complicate a takeover approach by U.S. private equity firm KKR. Labriola, who has run TIM's Brazilian operations for the last three years, was promoted to general manager in November, when former CEO Luigi Gubitosi was ousted following a string of profit warnings. In leaving his role, Gubitosi had urged TIM to give KKR access to its books, a decision which is still pending as TIM is yet to take a stance on the bid.