|Bid||0.2141 x 0|
|Ask||0.2234 x 0|
|Day's range||0.2167 - 0.2269|
|52-week range||0.1627 - 0.4865|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||0.64|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||21 Jun 2021|
|1y target est||N/A|
MILAN/ROME (Reuters) -Italy's new government will likely need to seek fresh options for ailing former phone monopoly Telecom Italia, as a planned bid for its landline grid by state lender CDP appears increasingly unlikely. Championed by the previous government of Mario Draghi, the multi-billion-euro bid is part of a broader project to combine TIM's network assets with those of smaller rival Open Fiber to create a unified broadband champion under CDP's control. Due by this Wednesday, Nov. 30, an offer would also be central to TIM CEO Pietro Labriola's plan to break up the struggling phone group to cut its 25 billion euro ($26 billion) debt.
Telecom Italia (TIM) will keep its offices across Italy closed on Fridays as part of a deal with unions to expand home working, cut energy costs and improve work-life balance for thousands of staff. The former phone monopoly, one of the country's largest private employers, said it would increase the weekly days of home working that staff can take to three from two for around 75% of it current 42,000 domestic employees. The scheme will start next February and initially run for a year.The plan "will enable employees to better plan their activities outside of work...and to achieve energy efficiency and cut carbon emissions", TIM said, adding it expects its staff will reduce commuting by 60% in big cities like Rome and Milan.
ROME (Reuters) -Government officials will discuss plans for Telecom Italia (TIM) on Tuesday, Italy's economy minister said, responding to a question about the former phone monopoly's landline grid. "We will hold a meeting on TIM within hours," Economy Minister Giancarlo Giorgetti said during a press briefing in Rome on Tuesday morning. Giorgetti was asked whether the new right-wing administration still backed Italian state lender Cassa Depositi e Prestiti's (CDP) plans to submit an offer for TIM's landline grid by the end of the month.