Previous close | 0.2035 |
Open | 0.2035 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 0.2035 - 0.2035 |
52-week range | 0.2035 - 0.3480 |
Volume | |
Avg. volume | 2,222 |
Market cap | 5.15B |
Beta (5Y monthly) | 1.03 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 21 Jun 2021 |
1y target est | N/A |
(Bloomberg) -- KKR & Co. is set to tap an Italian industry veteran to run the telecom network business which is buying from Telecom Italia SpA, according to people familiar with the matter said. Most Read from BloombergIsrael Bracing for Unprecedented Direct Iran Attack in DaysApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointUS Sees Imminent Missile Strike on Israel by Iran, ProxiesJPMorgan Shares Fall After NII Miss,
Telecom Italia (TIM) would be left with 6.6 billion euros ($7 billion) in cash after repaying all of its debts, if it sold its Brazilian unit and its domestic consumer business, activist investor Merlyn Partners calculated. In a document outlining its vision for TIM, Merlyn - which holds 0.5% of the group - drew up six scenarios ahead of an April 23 shareholder vote to name new top executives at TIM. Four of the six scenarios are built around the proposed sale of TIM's domestic access network to KKR, an up to 22 billion euro deal promoted by TIM CEO Pietro Labriola, who is seeking reappointment this month.
The sale of Telecom Italia's (TIM) network is the only "realistic" option for the group, as it grants the survival of the phone company, Italy's economy minister said on Tuesday. "TIM shareholders will decide if the sale of the fixed-line network to KKR will go ahead," Economy Minister Giancarlo Giorgetti told a press conference.