|Bid||0.4442 x 0|
|Ask||0.4443 x 0|
|Day's Range||0.4423 - 0.4522|
|52 Week Range||0.4330 - 0.7470|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.69|
Telecom Italia (TIM) should seek a way to keep control of its fixed-line network if it is merged with smaller infrastructure provider Open Fiber, the former phone monopoly's chief executive said on Tuesday. Italy has been pushing for the creation of a single ultrafast broadband operator through a merger of TIM's network with Open Fiber to avoid duplicating investments. The future of TIM's network has been a bone of contention among the group's biggest investors.
European shares edged higher on Tuesday after the United States temporarily eased restrictions on China's Huawei, easing trade tensions and lifting tariff-sensitive tech and auto stocks, while the banking sector also gained. The pan-European STOXX 600 index was up 0.4% by 0745 GMT, with the trade-sensitive DAX outperforming after the U.S. Commerce Department said it would allow Huawei Technologies to purchase American-made goods. Auto stocks were around 0.4 percent higher, with Daimler giving an additional boost after German newspaper Handelsblatt reported the company was looking to cut administration costs by 20%.
MILAN (Reuters) - Italy's biggest phone group Telecom Italia (TIM) reported a drop in first-quarter core earnings on Monday as stiffer competition in its main market hit domestic revenues TIM said its ...
A deal to merge Vodafone's tower infrastructure in Italy into INWIT, the mast group 60 percent owned by Telecom Italia (TIM), will be signed by the summer, INWIT's Chief Executive Giovanni Ferigo said on Wednesday. The deal is part of a three-year strategy plan ironed out earlier this year by TIM CEO Luigi Gubitosi aimed at reviving Italy’s biggest phone group which is saddled with more than 25 billion euros ($28.34 billion) of debt.
Telecom Italia would be happy to share the cost of securing 5G frequencies with other operators such as France's Iliad in addition to Vodafone, the chief executive of the Italian telecoms incumbent said. 5G frequencies were very expensive ... so it's important to share costs," CEO Luigi Gubitosi said.
FLORENCE, Italy (Reuters) - Merging broadband infrastructure group Open Fiber with the networks of Telecom Italia (TIM) would be positive, TIM's chief executive said on Wednesday. TIM and Open Fiber have ...
Rating Action: Moody's assigns provisional ratings to notes to be issued by ERNA S.R.L. Global Credit Research- 09 May 2019. Approximately EUR 300 million of CMBS rated.
** 3M Co said it would buy privately held medical device maker Acelity Inc in a deal valued at $6.7 billion, including debt, as the U.S. industrial conglomerate looks to expand its business in medical dressings and related products. ** Australian property developer Villa World received a sweetened takeover offer from AVID Property Group Australia Pty, which now values the company at A$293.5 million($205.9 million). ** Australian retail conglomerate Wesfarmers Ltd offered A$776 million ($544 million) to buy lithium miner Kidman Resources Ltd, its second bid in two months to deepen its exposure to high-tech minerals.
MILAN (Reuters) - Italy's antitrust regulator said on Monday it had extended a probe into alleged market abuse by Telecom Italia over fiber optic rollout and wholesale pricing to Sept. 30. The competition ...
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 ...
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 ...
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".
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 ...
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.
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.
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.
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.
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.
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 ...