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Telecom Italia S.p.A. (0H6I.IL)

IOB - IOB Delayed price. Currency in EUR
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0.3018+0.0057 (+1.91%)
At close: 04:21PM BST
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Previous close0.2961
Bid0.2957 x 0
Ask0.3078 x 0
Day's range0.2944 - 0.3044
52-week range0.1627 - 0.3657
Avg. volume50,621,440
Market cap6.111B
Beta (5Y monthly)1.10
PE ratio (TTM)0.88
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date21 Jun 2021
1y target estN/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.