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

Milan - Milan Delayed Price. Currency in EUR
0.2547
-0.0038 (-1.47%)
At close: 05:35PM CEST
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.2585
Open0.2596
Bid0.2555 x 0
Ask0.2557 x 0
Day's Range0.2547 - 0.2619
52 Week Range0.1627 - 0.3284
Volume80,104,783
Avg. Volume142,549,566
Market Cap5.542B
Beta (5Y Monthly)1.07
PE Ratio (TTM)N/A
EPS (TTM)-0.1400
Earnings DateAug 02, 2023
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJun 21, 2021
1y Target Est0.30
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Reuters

      Telecom Italia urged to call board meeting to name Vivendi candidate - sources

      Telecom Italia (TIM) is being urged by some directors to hold an extraordinary board meeting to name a candidate sponsored by top investor Vivendi to fill a vacant director seat at the former phone monopoly, two sources said on Saturday. Vivendi is currently at loggerheads with TIM's management over its plans to revamp Italy's biggest phone company's domestic business through the sale of its prized landline grid. Some TIM directors sent a letter on Friday to urge the company to call a meeting as early as next week to select Luciano Carta to fill a vacant seat on the board, the sources said.

    • Reuters

      Vivendi indicates ex-Leonardo chairman for Telecom Italia board-sources

      Telecom Italia's top shareholder Vivendi has proposed Luciano Carta, a former chairman at Italian defence group Leonardo to fill a vacant seat on the former phone monopoly's board, two sources said on Wednesday. Vivendi is currently at loggerheads with Telecom Italia (TIM) management over its plans to revamp its domestic business through the sale of its prized landline grid. The seat has been vacant since January, when Vivendi CEO Arnaud de Puyfontaine quit the board asking for a new governance set-up.

    • Reuters

      UPDATE 1-Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid

      Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia's (TIM) landline grid, three sources said. TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros and 19.3 billion euros respectively. TIM has deemed both not yet adequate.

    • Bloomberg

      Telecom Italia Falls on Report CDP Dropping $21 Billion Grid Bid

      (Bloomberg) -- Telecom Italia SpA fell on Tuesday following a Bloomberg report that Italy’s state lender will drop its offer for the carrier’s landline network, ending a bidding war with KKR & Co. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesTur

    • Reuters

      RPT-Macquarie raising hurdles to CDP joining KKR bid for Telecom Italia grid, sources say

      Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR in a deal to buy Telecom Italia's landline grid (TIM) , three sources said on Monday. TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros ($23.1 billion) and 19.3 billion euros respectively.

    • Reuters

      Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid

      MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia's (TIM) landline grid, three sources said. TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros and 19.3 billion euros respectively. TIM has deemed both not yet adequate.

    • Reuters

      Telecom Italia CEO says service business can stand on own two feet

      The head of Telecom Italia (TIM) said the company's service business is "already sustainable" as a standalone entity and is expected to generate strong core profit this year. Chief Executive Pietro Labriola on Thursday asserted that TIM had a viable future should he manage to complete the sale of its domestic landline grid, its most prized asset. Those efforts to do a deal have been thwarted so far by valuation issues, with top investor Vivendi wanting a higher price and also calling into question the sustainability of the remaining business.

    • Reuters

      UPDATE 2-Italian Treasury ready to back KKR-CDP joint bid for Telecom Italia's grid

      Italy's Treasury is ready to back a joint purchase proposal for Telecom Italia's (TIM) grid by KKR and state lender CDP in a bid to end a stalemate over the sale process of the phone group's prized asset, sources told Reuters. TIM directors on Thursday set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Australian fund Macquarie , worth 21 billion euros ($23.1 billion) and 19.3 billion euros respectively. In recent talks with involved parties, the Treasury said it would welcome a joint bid for TIM's grid, two sources familiar with the matter told Reuters on Friday.

    • Reuters

      Italian Treasury ready to back KKR-CDP joint bid for Telecom Italia's grid

      ROME (Reuters) -Italy's Treasury is ready to back a joint purchase proposal for Telecom Italia's (TIM) grid by KKR and state lender CDP in a bid to end a stalemate over the sale process of the phone group's prized asset, sources told Reuters. TIM directors on Thursday set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Australian fund Macquarie, worth 21 billion euros ($23.1 billion) and 19.3 billion euros respectively. In recent talks with involved parties, the Treasury said it would welcome a joint bid for TIM's grid, two sources familiar with the matter told Reuters on Friday.

    • Reuters

      Italy's Treasury ready to back KKR-CDP joint bid for Telecom Italia's grid, sources say

      Italy's Treasury is ready to back a joint purchase proposal for Telecom Italia's (TIM) grid by U.S. KKR and state lender CDP to end a stalemate over the sale process of the phone group's prized asset, sources told Reuters. TIM directors on Thursday set a final deadline of June 9 for potential improved offers by KKR and a rival consortium comprising CDP and Australian fund Macquarie, worth 21 billion euros ($23.13 billion) and 19.3 billion euros respectively.

    • Reuters

      Telecom Italia up after deadline for final grid offer set

      MILAN (Reuters) -Shares in Telecom Italia (TIM) rose as much as 4% on Friday as the board of the phone group set a final deadline of June 9 for improved offers for its prized landline grid. TIM directors met on Thursday to draw up a response to rival approaches for the grid from KKR and a consortium of state lender CDP and fund Macquarie, worth 21 billion euros ($23 billion) and 19.3 billion euros, respectively. After the board meeting, TIM said the were bids "not yet adequate", adding at least one of the bidders had expressed its readiness to improve its non-binding offer.

    • Reuters

      UPDATE 2-Italy's TIM seeks final offer for grid by June 9

      Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders. TIM directors gathered on Thursday to draw a response to rival non binding approaches for its landline grid by KKR and a consortium comprising state lender CDP and fund Macquarie, worth 21 billion euros ($23 billion) and 19.3 billion euros, respectively. In a statement after the board meeting, TIM said it deemed the bids "not yet adequate", adding at least one of the bidders had expressed its readiness to improve its non-binding offer.

    • Reuters

      Italy's TIM seeks final offer for grid by June 9

      Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders. TIM directors gathered on Thursday to draw a response to rival non binding approaches for its landline grid by KKR and a consortium comprising state lender CDP and fund Macquarie, worth 21 billion euros ($23 billion) and 19.3 billion euros, respectively. In a statement after the board meeting, TIM said it deemed the bids "not yet adequate", adding at least one of the bidders had expressed its readiness to improve its non-binding offer.

    • Reuters

      TIM debates grid bids as investor Vivendi challenges strategy

      Telecom Italia (TIM) directors will meet on Thursday to decide their response to multibillion bids for the phone company's landline grid as top investor Vivendi calls into question the group's strategy. The sale of TIM's fixed network and its submarine cable unit Sparkle is the focus of CEO Pietro Labriola's plan to slash the company's 25 billion euros ($27.6 billion) of debt and revive the former phone monopoly's struggling domestic business. Rival suitors KKR and a consortium comprising Italian state lender CDP and Macquarie have offered 21 billion euros and 19.3 billion euros respectively, sources have previously said, each raising initial bids by 1 billion euros.

    • Reuters

      TIM's grid suitors studying bid improvements, sources says

      Suitors for Telecom Italia's network are studying potential improvements to their rival multi-billion euro bids for the former phone monopoly's grid after they received additional information on the asset, sources said on Tuesday. The sale of the grid is a key plank of CEO Pietro Labriola's plan to revamp Telecom Italia (TIM) and cut its debt pile of 25 billion euros ($27.1 billion). The TIM board this month mandated Labriola to start a formal bidding process and seek improved offers from Italian state lender CDP and Macquarie, as well as from rival suitor KKR by April 18.

    • Reuters

      UPDATE 1-Shareholder Vivendi says bids for Telecom Italia network too low

      The rival bids for the network of Telecom Italia (TIM) are too low, the chief executive of leading TIM shareholder Vivendi said on Wednesday. Italian state lender CDP has teamed up with Macquarie for a non-binding offer for the fixed-line network of the former Italian phone monopoly, rivalling an approach made by KKR. "The offers made as of today, as far as I understand them, are far below the real value, and the real value of this beautiful company of Telecom Italia," Vivendi CEO Arnaud de Puyfontaine told reporters.

    • Reuters

      UPDATE 2-TIM to start review of CDP's grid bid, top investor unimpressed

      Telecom Italia (TIM) will on Friday conduct an initial review of an offer for its network grid led by Italian state lender CDP, with the bid drawing a cool reception from top investor Vivendi. CDP has teamed up with Australian infrastructure fund Macquarie to bid for Italy's most important piece of telecommunications infrastructure, rivalling U.S. fund KKR .

    • Reuters

      Telecom Italia boosted by rival offer for landline grid

      MILAN (Reuters) -Telecom Italia (TIM) shares rose as much as 5% on Monday after Italian state investor CDP and Australian fund Macquarie submitted a joint bid for the former phone monopoly's grid, rivalling an approach by U.S. firm KKR. TIM is betting on a sale of its most prized asset to cut its 25 billion euros debt pile and fund an overhaul of the revenue-starved group. Both offers value TIM's grid, which is Italy's main piece of telecoms infrastructure, in the region of 18 billion euros ($19.2 billion), sources familiar with the matter said.

    • Reuters

      UPDATE 2-Italy's CDP bids for TIM's grid to rival KKR approach

      Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed-line network of former phone monopoly Telecom Italia (TIM) , adding it would be valid until March 31. CDP has teamed up with Australian infrastructure fund Macquarie to bid for the whole of Italy's most important telecommunications infrastructure.

    • Reuters

      Italy's CDP board to meet over bid for Telecom Italia grid -sources

      The board of Italian state investor CDP is due to meet later on Sunday to approve a multi-billion euro non-binding offer for the fixed network of former phone monopoly Telecom Italia, three people with knowledge of the matter said. CDP has teamed up with Australian infrastructure fund Macquarie to bid for Italy's most important telecommunications infrastructure, for which U.S. investment firm KKR has already presented an offer.

    • Reuters

      Board of Italy's CDP meets Sunday over bid for Telecom Italia grid

      MILAN (Reuters) -Italian state investor CDP has called a board meeting on Sunday which is expected to approve a long-delayed non-binding offer for the fixed network of former phone monopoly Telecom Italia, three sources close to the matter said. CDP has teamed up with Australian infrastructure fund Macquarie in the offer for Italy's most important telecommunications infrastructure, which would compete with one submitted by U.S. investment firm KKR. In recent weeks, sources have told Reuters that CDP and Macquarie were ready to value TIM's grid at around 18 billion euros ($19 billion), including some 6 billion euros of debt.

    • Reuters

      UPDATE 2-Board of Italy's CDP meets Sunday over bid for Telecom Italia grid

      Italian state investor CDP has called a board meeting on Sunday which is expected to approve a long-delayed non-binding offer for the fixed network of former phone monopoly Telecom Italia, three sources close to the matter said. CDP has teamed up with Australian infrastructure fund Macquarie in the offer for Italy's most important telecommunications infrastructure, which would compete with one submitted by U.S. investment firm KKR.

    • Reuters

      Italy close to approve CDP, Macquarie bid for TIM's grid- Bloomberg News

      Acceptance of the bid by CDP and Australia's Macquarie could be announced this month, the report said, adding that a final determination hasn't been made. The news comes after TIM said last month an offer for its network grid tabled by U.S fund KKR & Co Inc "does not wholly reflect the value of the asset". TIM said its objective was to facilitate an improved offer by the end of March.

    • Reuters

      TIM seeks improved KKR bid for network by end of March

      Telecom Italia (TIM) said on Friday it would provide KKR with financial data that could help the U.S. fund improve its offer for TIM's network grid, as the current proposal "does not wholly reflect the value of the asset". After a board meeting, TIM said its objective was to facilitate a better offer by the end of March for the 'NetCo' unit comprising its landline grid and its Sparkle submarine cable business. TIM, which is aiming to restructure and cut its debt, said it welcomed KKR's interest but had concerns about the sustainability of the company that would emerge from a deal.

    • Reuters

      KKR extends bid for TIM's grid as government looks into offer

      KKR has extended an offer for Telecom Italia's (TIM) prized landline grid by four weeks to March 24 at the behest of the Italian government, which is considering a potential deal with the U.S. fund. The extension comes after plans by Italian state lender CDP, which is TIM's second largest investor, to promote a counter bid for the same asset together with Australian fund Macquarie stalled in the absence of government backing. In its non-binding bid, KKR left the door open to having a government-backed entity take a stake of up to 30% in the grid and for it to exercise some vetting powers on strategic issues, sources have said.