|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||0.2075 - 0.2077|
|52-week range||0.2075 - 0.2077|
|Beta (5Y monthly)||1.02|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Italy’s far-right Brothers of Italy party, which is leading polls ahead of snap elections next month, is promoting a plan to take Telecom Italia SpA private and sell off the phone company’s assets in a bid to cut its debt pile by more than half, people familiar with the matter said. The shares jumped.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet Near War’s OnsetHow the US Toppled the World’s Most Powerful Gold TraderUkraine Latest: First UN Wheat Cargo Set
Telecom Italia (TIM) has agreed to restructure its partnership with DAZN, giving up the exclusive right to distribute the video streaming app in Italy in return for a lower fee, two sources close to the matter said on Wednesday. Italy's biggest phone group last year entered into a distribution partnership with DAZN, which had secured domestic broadcasting rights for Italy's top flight Serie A soccer in a 2.5 billion euro three-year deal. Terms of the new contract between TIM and DAZN are set to be discussed at a Telecom Italia board meeting on Wednesday together with second-quarter results, the sources said, cautioning any deal need to receive the backing of the board.
MILAN (Reuters) -The chief executive of INWIT is set to leave his job as part of a full board reshuffle following the sale of most of Telecom Italia's stake in Italy's top telecoms tower firm, two sources familiar with the matter said. Earlier this year Telecom Italia (TIM) agreed to sell a 12.4% indirect stake in Milan-listed INWIT to French investment firm Ardian for 1.3 billion euros ($1.33 billion), maintaining a residual indirect 3% holding. Following the stake sale, an Ardian-led consortium will hold a 27% stake in INWIT, with Vodafone controlling 33% of a venture in charge of more of 22,000 mobile towers across Italy.