|Bid||0.5950 x 0|
|Ask||0.6150 x 0|
|Day's Range||0.5940 - 0.6136|
|52 Week Range||0.5940 - 0.8848|
|PE Ratio (TTM)||11.13|
|Earnings Date||Nov 8, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.87|
BRUSSELS, Aug 10 (Reuters) - CK Hutchison has offered concessions to address EU antitrust concerns about its 2.45-billion-euro ($2.8 billion) buyout of its partner Veon's stake in Italian mobile operator ...
Brazilian telecoms provider TIM Participacoes SA's chief operating officer will step down in the coming months as part of a wider management shake-up, two sources with knowledge of the matter told Reuters on Thursday. The likely exit of Pietro Labriola would follow the replacement of TIM Participacoes Chairman Mario Cesar Pereira de Araujo in March and Chief Executive Stefano de Angelis in July, the sources said, requesting anonymity to discuss internal personnel matters. Amos Genish, chief executive of parent company Telecom Italia SpA, is installing long-time allies as part of a more hands-on approach in running the Brazil unit.
Big Mike’s Home for Troubled Retailers (aka Mike Ashley ’s Sports Direct ) has been at the sales again: this time for House of Fraser , the latest victim in the ongoing collapse of the British high street. ...
Vivendi is considering selling up to half of its UMG music division to one or several strategic partners, ending months of speculation about a potential stock market listing of the unit, whose value soared on booming streaming revenues. The move contrasts with previous announcements by the French media conglomerate, which until now had floated the idea of selling a minority stake in Universal Music Group (UMG), the world's biggest music label -- deemed a "jewel" by Vivendi's executives. It also illustrates the ability of Vivendi's controlling shareholder, billionaire Vincent Bollore, to swiftly shift gears depending on market conditions, as the group's recent spree of acquisitions has produced mixed results.
MILAN/MADRID (Reuters) - Telecom Italia (TLIT.MI) former chief executive Marco Patuano is set to become chairman of Spanish masts group Cellnex (CLNX.MC) following an investment by Italy's Benetton family ...
It’s a healthy reminder to Vivendi SA and activist fund Elliott Management Corp. to temper their more combative instincts and let the respected telecoms executive get on with the job. This applies just as much to Paul Singer’s hedge fund as it does to Vincent Bollore’s French media conglomerate. Just 50 days after launching its 5.99 euros per month cellphone contracts in Italy, Niel’s company said last week it had a million subscribers there.
Telecom Italia's main shareholder Vivendi is very concerned about the situation at the Italian phone group since activist fund Elliott seized board control and is weighing its options, a spokesman for the French media company said. The activist fund wrestled TIM board control from Vivendi in May after a two-month campaign to shake up the way the French group had been running the former telecoms monopoly. "There is no collective Elliott team, they're all over the place," he said.
Telecom Italia SpA is pressing ahead with a sale of its Sparkle undersea-cable unit and is looking at selling other parts of the business to boost its stock price, according to people familiar with the matter. The board has approved a strategic review of Sparkle, said the people, who asked not to be identified because the deliberations are private. Chief Executive Officer Amos Genish said in March he was pitching the unit to potential buyers in early-stage talks.
Telecom Italia (TIM) (TLIT.MI) will press ahead with the sale of its stake in broadcasting unit Persidera while considering broader strategic options for the group's various subsidiaries. In a statement on six-month results, Italy's biggest phone group, whose largest shareholder is French media group Vivendi (VIV.PA), said it had examined the financial implications of taking part in 5G auctions Italy is launching later this year. "(The group) has started an evaluation process of the strategic options relating to its subsidiaries," it said.
Brazilian telecommunications regulator Anatel will officially authorize on Monday the use of the 700 MHz radio frequency band for 4G wireless data services in Sao Paulo, South America's largest city, the watchdog said on its website. The authorization of the spectrum was long expected, but will nonetheless be welcomed by Brazil's major mobile operators, Telefonica Brasil SA, TIM Participacoes SA , and Claro, a unit of Mexico's America Movil SAB de CV. The band, which Anatel authorized in the city of Sao Paulo and three bordering satellite cities, is particularly useful for increasing receptivity within buildings and improving mobile broadband speeds.
Mexico's peso strengthened on Monday after U.S. President Donald Trump spoke of doing something "very dramatic and very positive" regarding NAFTA and Mexico and praised the country's new president-elect. ...
TIM Participacoes SA Chief Executive Stefano de Angelis has resigned and will be replaced by Sami Foguel, an executive at airlines Azul SA and TAP Transportes Aereos Portugueses SGPS SA, Brazil's third-largest wireless carrier said. Foguel has served as the vice president of customer operations at Azul since 2014 and as chief operating officer at TAP since 2017, TIM said. De Angelis will remain on the board, TIM said.
Brazil's TIM Participacoes SA , a unit of Telecom Italia SpA, missed quarterly profit estimates on Thursday, as the company reported growth from all revenue sources despite the country's fragile economic ...
French telecoms company Iliad's entry into the Italian mobile phone market will aggravate competition and shrink mobile service revenues of the three resident mobile operators -- Wind Tre S.p.A. (B1 stable), Telecom Italia S.p.A. (Ba1 stable) and Vodafone Group Plc (Baa1 review for downgrade) -- by an average 4%-6% per year for the next two years, says Moody's Investors Service in a report published today. Moody's report, "Telecommunications -- Europe: Italian mobile operators feel the heat from French newcomer Iliad," is available on www.moodys.com.
The time for an agreement between Italian private broadcaster Mediaset and Telecom Italia (TIM) is passed, Chief Executive Pier Silvio Berlusconi said. Last week the Milan-based TV group announced it was working on creating a pan-European broadcaster after signing a content sharing deal with Sky and a deal TIM to give the phone group's customers access to its free-to-air channels. The group, controlled by the family of former Prime Minister Silvio Berlusconi, has been re-thinking its model after the sale of its Premium pay-TV unit to France's Vivendi failed in 2016.
An Italian court confirmed on Thursday the suspension of a 74.3-million-euro (65.6 million pounds) fine imposed on Telecom Italia (TLIT.MI) for failing to notify the government its main shareholder Vivendi (VIV.PA) had effective control. The Rome-based administrative court had already suspended the fine in June. In September, Rome began to look into the failure by the French media group, which is TIM's biggest shareholder with a 24-percent stake, to communicate to the prime minister's office that it had de facto control over the former state monopoly.
An Italian court confirmed on Thursday the suspension of a 74.3-million-euro ($87 million) fine imposed on Telecom Italia for failing to notify the government its main shareholder Vivendi had effective control. The Rome-based administrative court had already suspended the fine in June. In September, Rome began to look into the failure by the French media group, which is TIM's biggest shareholder with a 24-percent stake, to communicate to the prime minister's office that it had de facto control over the former state monopoly.
An Italian court will likely decide after the summer whether French media group Vivendi needs to reduce its stake in Telecom Italia or Mediaset to prevent a concentration of power, two legal sources said on Wednesday. Last year, the national communications authority (AGCOM) ordered Vivendi to cut its stake in one of the two companies within a year, ruling it was in breach of rules designed to prevent a concentration of power.
Italy's Mediaset is looking to create a pan-European broadcaster to fend off competition from its traditional rivals such as France's Vivendi and online content providers like Netflix. "A group like ours, strongly anchored to the Italian and Spanish markets, needs to look at a perspective of international growth … in Europe," Mediaset chairman Fedele Confalonieri said.
Telecom Italia (TIM) said on Monday its board still backed chief executive Amos Genish after he expressed regret over recent comments made about some of its members. Last week Genish said there were some individual directors on the TIM board who were "feeding untrue, unreliable, speculation" behind the scenes, interfering with its everyday management. In a statement on Monday TIM said that after clarification by the CEO the board acknowledged his regret for having made inappropriate comments which, it said, had been amplified by the media.
Telecom Italia (TIM) (TLIT.MI) said on Monday its board still backed chief executive Amos Genish after he expressed regret over recent comments made about some of its members. Last week Genish said there were some individual directors on the TIM board who were "feeding untrue, unreliable, speculation" behind the scenes, interfering with its everyday management. In a statement on Monday TIM said that after clarification by the CEO the board acknowledged his regret for having made inappropriate comments which, it said, had been amplified by the media.
Does the share price for Telecom Italia SpA (BIT:TIT) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by taking the expected future cash flows and discountingRead More...
Telecom Italia Chief Executive Officer Amos Genish is expected to face tough questions at the phone carrier’s June 25 meeting after he criticized unidentified directors for feeding "untrue and unreliable speculation," according to people familiar with the matter. The CEO, who was installed by the company’s biggest investor Vivendi SA in 2017, will be asked to explain his unusually frank comments made to reporters who were summoned to a briefing on Wednesday, said the people, who asked not to be named discussing a management issue. Genish’s position could be at risk if he doesn’t address the concerns of some board members, they said.