|Bid||0.2682 x 0|
|Ask||0.2795 x 0|
|Day's range||0.2721 - 0.2790|
|52-week range||0.2212 - 0.5092|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.01 (3.59%)|
|Ex-dividend date||21 Jun 2021|
|1y target est||N/A|
Telecom Italia (TIM) has signed a commercial agreement with Open Fiber to provide the rival broadband network company with access to its infrastructure to speed up the rollout of fibre in the more remote parts of Italy, the companies said on Friday. Under the deal Open Fiber will pay 200 million euros ($208 million) to use TIM's network infrastructure in the hard-to-reach so-called 'white areas'.
MILAN (Reuters) -The head of Telecom Italia (TIM) said on Thursday he was confident of clinching a preliminary agreement to merge Italy's biggest phone group's network assets with those of rival Open Fiber within days. The debt laden former phone monopoly is working on an overhaul centred around a split of its services businesses from its wholesale network operations after ending talks last month on a takeover approach from U.S. fund KKR. As part of the break-up plan, TIM has started talks with state lender CDP to revive a long-mooted project to combine its fixed network assets with those of broadband rival Open Fiber.
MILAN (Reuters) -Telecom Italia's (TIM) core profit fell sharply in the first quarter hit by shrinking revenues in the group's competitive domestic market, where demand for connectivity weakened after a pandemic-driven surge. TIM said domestic sales, which accounts for about 80% of group revenue, fell 7.7% to 2.85 billion euros, in line with an analyst consensus provided by the company. Organic EBITDA after lease -- TIM's main measure of profitability -- strips out one-off items and includes lease costs.