|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.4156 - 0.4241|
|52-week range||0.3024 - 0.5092|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||1.21|
|Forward dividend & yield||0.01 (2.22%)|
|Ex-dividend date||21 Jun 2021|
|1y target est||N/A|
(Bloomberg) -- Telecom Italia SpA named General Manager Pietro Labriola as its new chief executive officer, throwing up a fresh hurdle to a 10.8 billion-euro ($12.2 billion) takeover bid by KKR & Co.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market Value‘Lethal’ U.S. Military Aid Begins Arriving in UkraineBitcoin Has Lost Half Its Value Since Hitting Record HighBitcoin Chart Hints at Possible Floor for SlideTech Leads Stocks to Worst Week Since March 2020: Markets WrapT
Telecom Italia (TIM) General Manager Pietro Labriola on Friday is set to become the fifth CEO in six years of Italy's biggest telecoms company as it faces major challenges. Hit by a series of profit warnings, TIM is also working on a broader overhaul of its operations as a potential alternative to the takeover that would split its service businesses from its prized network assets. Labriola's nomination for TIM's top job has been promoted by the group's largest investor Vivendi and the executive has won respect within the company where he has worked for two decades.
Telecom Italia (TIM) on Friday appointed veteran manager Pietro Labriola as chief executive, in a move that could complicate a takeover approach by U.S. private equity firm KKR. Labriola, who has run TIM's Brazilian operations for the last three years, was promoted to general manager in November, when former CEO Luigi Gubitosi was ousted following a string of profit warnings. In leaving his role, Gubitosi had urged TIM to give KKR access to its books, a decision which is still pending as TIM is yet to take a stance on the bid.