Telecom Italia S.p.A. (0H6I.IL)
| Previous close | 0.2961 |
| Open | 0.2953 |
| Bid | 0.2957 x 0 |
| Ask | 0.3078 x 0 |
| Day's range | 0.2944 - 0.3044 |
| 52-week range | 0.1627 - 0.3657 |
| Volume | |
| Avg. volume | 50,621,440 |
| Market cap | 6.111B |
| Beta (5Y monthly) | 1.10 |
| PE ratio (TTM) | 0.88 |
| 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 |
- Reuters
TIM's grid suitors studying bid improvements, sources says
Suitors for Telecom Italia's network are studying potential improvements to their rival multi-billion euro bids for the former phone monopoly's grid after they received additional information on the asset, sources said on Tuesday. The sale of the grid is a key plank of CEO Pietro Labriola's plan to revamp Telecom Italia (TIM) and cut its debt pile of 25 billion euros ($27.1 billion). The TIM board this month mandated Labriola to start a formal bidding process and seek improved offers from Italian state lender CDP and Macquarie, as well as from rival suitor KKR by April 18.
- Bloomberg
Italy’s State Lender Plans to Raise Offer for Telecom Italia Grid
(Bloomberg) -- Italy’s state-backed lender is working on a higher bid for Telecom Italia SpA’s landline network, in a move aimed at winning control of an asset considered to be of national interest, according to people familiar with the matter.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBanks in France Face More Than $1.1 Billion Fines After RaidsMarkets Are Wrong on US Rate-Cut Bets, BlackRock SaysBinance and Its CEO S
- Reuters
Italy's TIM tells network bidders to raise offers, sets new deadline
MILAN (Reuters) -Telecom Italia (TIM) on Wednesday said a preliminary offer for its landline grid by Italian state lender CDP and Macquarie undervalues the asset, and set a new deadline of next month for improved bids. After a board meeting, TIM said it would seek a new round of proposals from CDP and Macquarie, as well as from rival suitor KKR by April 18. "In order to enable both the (CDP/Macquarie) consortium and KKR to submit their improved offer..., the board mandated Chief Executive Officer, Pietro Labriola, to initiate a structured process", TIM said.
