TIT.MI - Telecom Italia S.p.A.

Milan - Milan Delayed Price. Currency in EUR
0.5122
-0.0093 (-1.78%)
As of 4:18PM CEST. Market open.
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Previous Close0.5215
Open0.5190
Bid0.5121 x 0
Ask0.5122 x 0
Day's Range0.5118 - 0.5245
52 Week Range0.4330 - 0.8812
Volume61,740,803
Avg. Volume129,921,804
Market Cap10.561B
Beta (3Y Monthly)1.12
PE Ratio (TTM)N/A
EPS (TTM)-0.0670
Earnings DateMay 20, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-04-22
1y Target Est0.69
  • Reuters5 days ago

    TIM asks Italian watchdog to delay review over network spinoff - source

    MILAN (Reuters) - Italian phone group Telecom Italia (TIM) has asked watchdog AGCOM to postpone its review of a plan to spin off its fixed-line network because the scheme will be modified, a source close ...

  • Reuters15 days ago

    Brazilian wireless carrier TIM names Pietro Labriola as CEO

    Brazilian wireless carrier TIM Participacoes has named Pietro Labriola as its new chief executive, the company said in an exchange filing on Wednesday. The Italian executive will also occupy a board seat ...

  • Vivendi drops bid for Telecom Italia board reshuffle in first sign of truce
    Reuters20 days ago

    Vivendi drops bid for Telecom Italia board reshuffle in first sign of truce

    Facing defeat in its attempt to change Telecom Italia's board, top shareholder Vivendi took a first step on Friday towards ending a bitter dispute with a U.S. fund that has hobbled Italy's biggest phone group over the past year. Vivendi and activist fund Elliott have been trading blows over how to revive Telecom Italia (TIM), a telecoms heavyweight saddled with more than 25 billion euros ($28 billion) of debt. Vivendi had been seeking to replace TIM Chairman Fulvio Conti and four other Elliott-appointed directors at a shareholder meeting on Friday, citing "substantial lack of independence".

  • Reuters20 days ago

    Telecom Italia shareholders back Vivendi offer to drop board reshuffle bid

    ROZZANO, Italy (Reuters) - Telecom Italia shareholders on Friday approved top investor Vivendi's offer to withdraw a request to replace some board directors at the Italian phone group. Vivendi held out ...

  • Explainer - Telecom Italia at crossroads over network's future
    Reuters21 days ago

    Explainer - Telecom Italia at crossroads over network's future

    Italy is pushing to create a single ultrafast broadband operator by merging Telecom Italia's copper and fibre network with smaller rival Open Fibre to avoid duplicating investments and narrow the digital divide with Europe. Elliott wants TIM to spin off its network and merge it with Open Fibre. Vivendi is not opposed to a merger but insists on TIM keeping control of its biggest asset.

  • Explainer: Telecom Italia at crossroads over network's future
    Reuters21 days ago

    Explainer: Telecom Italia at crossroads over network's future

    Italy is pushing to create a single ultrafast broadband operator by merging Telecom Italia's copper and fiber network with smaller rival Open Fiber to avoid duplicating investments and narrow the digital divide with Europe. Elliott wants TIM to spin off its network and merge it with Open Fiber. Vivendi is not opposed to a merger but insists on TIM keeping control of its biggest asset.

  • Crunch Time in Telecom Italia's Battle of the Billionaires: Q&A
    Bloomberg24 days ago

    Crunch Time in Telecom Italia's Battle of the Billionaires: Q&A

    Shareholders will gather at Telecom Italia headquarters in Rozzano near Milan on Friday to decide whether to replace Elliott-backed directors with a new slate proposed by Vivendi SA, the French media company controlled by Bollore’s family. The likelihood that they will back Vivendi’s nominees appeared to recede this month when three influential advisory groups urged shareholders to reject the proposal. Now Elliott and Vivendi are looking at some form of compromise to end their dispute, according to people with knowledge of the situation.

  • The Wall Street Journal29 days ago

    [$$] Telecom Italia Tug-of-War Explained

    Up until then, Vivendi had held sway over the telecommunications company with a stake of almost 24%. Elliott-backed candidates took 10 of 15 seats on Telecom Italia’s board in May 2018, dealing a blow to Vivendi and leaving the Paris-based group with the five remaining seats. In February this year, Vivendi tried to turn the tables by raising the pressure on Telecom Italia with an attempt to shake up the group’s board of directors and wrest influence back from the U.S. activist.

  • Moody'slast month

    Telecom Italia Finance, S.A. -- Moody's announces completion of a periodic review of ratings of Telecom Italia S.p.A.

    Announcement: Moody's announces completion of a periodic review of ratings of Telecom Italia S.p.A. Madrid, March 19, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telecom Italia S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Reuterslast month

    Telecom Italia says board fully backs chairman

    Telecom Italia's board on Thursday backed Chairman Fulvio Conti, who is embroiled in a row with the company's top investor, French media group Vivendi. Conti had been accused by Vivendi of violating corporate and governance rules by siding with rival investor and activist fund Elliott. A board meeting was held on Thursday to respond to a report by TIM's auditors, which found irregularities in the way information was shared with the company's board members in the run-up to the ousting of former Chief Executive Amos Genish.

  • Telecom Italia's board did not debate chairman's future - source
    Reuterslast month

    Telecom Italia's board did not debate chairman's future - source

    ROME (Reuters) - A board meeting at Telecom Italia (TIM) on Thursday did not discuss the fate of Chairman Fulvio Conti, a source with knowledge of the matter said. Conti has been accused by TIM's top shareholder ...

  • Reuterslast month

    Vivendi responds to Elliott appeal to Telecom Italia investors

    French media conglomerate Vivendi responded on Monday to an appeal by Elliott to Telecom Italia (TIM) shareholders, saying the activist investor was not working for the benefit of all shareholders, but only for itself. Vivendi said in a statement that it saw itself as a long-term investor in TIM, and had no other intention other to put in place a neutral board. Earlier on Monday Elliott urged investors in Telecom Italia (TIM) to back its plans for the Italian group rather than those of Vivendi at a vote in March, in the latest salvo in the activist fund's row with the French media conglomerate.

  • The Wall Street Journallast month

    [$$] How Activists Buy Two Votes With One Share

    , the U.K. bank, New York-based Sherborne Investors is campaigning for a board seat and an overhaul of the business. This doesn’t sit well with some long-term owners of the bank because Sherborne is pushing Barclays to dramatically restructure its global investment bank. It doesn’t help that Barclays stock is down roughly a fifth since Sherborne first got involved.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of TIT.MI earnings conference call or presentation 22-Feb-19 1:00pm GMT

    Q4 2018 Telecom Italia SpA Earnings & 2019-2021 Plan Call

  • Reuters2 months ago

    Telecom Italia reaches deal with union on 4,300 job cuts - source

    MILAN (Reuters) - Telecom Italia has reached a deal with the trade union on 4,300 job cuts, a source familiar with the matter said on Wednesday. (Reporting by Alberto Sisto, writing by Stephen Jewkes)

  • Vivendi Raises Pressure for Shake-Up of Telecom Italia Board
    Bloomberg2 months ago

    Vivendi Raises Pressure for Shake-Up of Telecom Italia Board

    In a 48-page document that outlines concerns with five directors backed by Elliott Management Corp., Telecom Italia’s largest shareholder reiterated calls to replace them with candidates proposed by the French media company. “Vivendi believes that only such a board will have the credibility and trust of all shareholders to objectively analyze any industrial strategic options, including those for Telecom Italia’s fixed network,” it said. Vivendi and the U.S. activist investor Elliott have been battling over the future of the former phone monopoly for almost a year.

  • Vivendi backs Telecom Italia, Open Fiber network merger under right conditions
    Reuters2 months ago

    Vivendi backs Telecom Italia, Open Fiber network merger under right conditions

    Telecom Italia's (TIM) main shareholder Vivendi said on Sunday it would back a merger of the fixed-line networks of TIM and rival Open Fiber if conditions were right, while renewing its attack on U.S. activist fund Elliott. Elliott, which owns just under 10 percent of TIM, is locked in a battle with Vivendi over how to re-launch the debt-laden firm after last year wresting control of its board from the French media giant. In a series of slides, Vivendi said TIM's fixed network was core to value creation, adding it would support a merger of Open Fiber with TIM if conditions were right from an operational, financial and regulatory standpoint and overseen by an independent board.

  • The Wall Street Journal2 months ago

    [$$] Telecom Italia Posts Sharp Loss

    Telecom Italia said it would keep its dividend stable, despite reporting a 2018 loss, hit by billions of euros in one-off charges.

  • Reuters2 months ago

    Telecom Italia to grow core profits from 2020, to explore all options on network

    Telecom Italia (TIM) on Thursday pledged to accelerate cost cutting, increase shareholder returns, cut debt and grow core profits from next year in the first three-year strategy plan under new Chief Executive Luigi Gubitosi. TIM has been caught in a battle since early last year between top shareholders Vivendi and activist fund Elliott over how to revive Italy's biggest phone group, an underperforming business saddled with more than 25 billion euros (22 billion pounds) of debt. Setting its plan for 2019-21, TIM sought to convince investors it can reverse years of sluggish share price performance and cope with new rivals that are appearing in both broadband and mobile: broadband group Open Fibre is rolling out a rival fibre optic network, while French telecoms group Iliad has launched a low-price mobile offer for Italy.

  • Reuters2 months ago

    Telecom Italia, Vodafone agree network deal to speed up 5G deployment

    Telecom Italia and Vodafone said on Thursday they plan to enter into a new infrastructure sharing partnership to enable faster deployment of fifth-generation mobile phone services over a wider geographic area and at a lower cost. In addition, they also plan to evaluate combining their 22,000 telecom towers in Italy into a single entity, potentially merging Vodafone's tower infrastructure with that of INWIT, the masts group 60-percent owned by Telecom Italia.

  • Reuters2 months ago

    U.S. ambassador to Italy held meeting with TIM's boss - embassy

    The United States' ambassador to Italy, Lewis Eisenberg, met Telecom Italia (TIM)'s CEO Luigi Gubitosi on Wednesday, the U.S. embassy said. The U.S embassy and Telecom Italia declined to comment when asked if the visit was related to U.S. demands that its European allies do not use technology supplied by China's Huawei International.

  • U.S. ambassador to Italy held meeting with TIM's boss: embassy
    Reuters2 months ago

    U.S. ambassador to Italy held meeting with TIM's boss: embassy

    The United States' ambassador to Italy, Lewis Eisenberg, met Telecom Italia (TIM)'s CEO Luigi Gubitosi on Wednesday, the U.S. embassy said. The U.S embassy and Telecom Italia declined to comment when asked if the visit was related to U.S. demands that its European allies do not use technology supplied by China's Huawei International.