0H6I.IL - TELECOM ITALIA SPA TELECOM ITAL
| Previous close | 0.6053 |
| Open | 0.6060 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 0.5984 - 0.6088 |
| 52-week range | 0.5952 - 0.8865 |
| Volume | 3,130,187 |
| Avg. volume | 9,862,555 |
| Market cap | N/A |
| Beta | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
Reuters•16 days agoItaly's Mediaset CEO says time for deal with Telecom Italia is passed
The time for an agreement between Italian private broadcaster Mediaset and Telecom Italia (TIM) is passed, Chief Executive Pier Silvio Berlusconi said. Last week the Milan-based TV group announced it was working on creating a pan-European broadcaster after signing a content sharing deal with Sky and a deal TIM to give the phone group's customers access to its free-to-air channels. The group, controlled by the family of former Prime Minister Silvio Berlusconi, has been re-thinking its model after the sale of its Premium pay-TV unit to France's Vivendi failed in 2016.
- Reuters•16 days ago
Italy court confirms suspension of Telecom Italia fine over Vivendi control
An Italian court confirmed on Thursday the suspension of a 74.3-million-euro (65.6 million pounds) fine imposed on Telecom Italia (TLIT.MI) for failing to notify the government its main shareholder Vivendi (VIV.PA) had effective control. The Rome-based administrative court had already suspended the fine in June. In September, Rome began to look into the failure by the French media group, which is TIM's biggest shareholder with a 24-percent stake, to communicate to the prime minister's office that it had de facto control over the former state monopoly.
- Reuters•16 days ago
Italy court confirms suspension of Telecom Italia fine over Vivendi control
An Italian court confirmed on Thursday the suspension of a 74.3-million-euro ($87 million) fine imposed on Telecom Italia for failing to notify the government its main shareholder Vivendi had effective control. The Rome-based administrative court had already suspended the fine in June. In September, Rome began to look into the failure by the French media group, which is TIM's biggest shareholder with a 24-percent stake, to communicate to the prime minister's office that it had de facto control over the former state monopoly.
Reuters•16 days agoItalian court to rule after summer on Vivendi's appeal over TIM - Mediaset
An Italian court will likely decide after the summer whether French media group Vivendi needs to reduce its stake in Telecom Italia or Mediaset to prevent a concentration of power, two legal sources said on Wednesday. Last year, the national communications authority (AGCOM) ordered Vivendi to cut its stake in one of the two companies within a year, ruling it was in breach of rules designed to prevent a concentration of power.
- Reuters - UK Focus•24 days ago
Italy's Mediaset plots pan-European broadcasting future
Italy's Mediaset (LSE: 0NE1.L - news) is looking to create a pan-European broadcaster to fend off competition from its traditional rivals such as France's Vivendi (Swiss: VIV.SW - news) and online content providers like Netflix (Xetra: 552484 - news) . "A group like ours, strongly anchored to the Italian and Spanish markets, needs to look at a perspective of international growth … in Europe," Mediaset chairman Fedele Confalonieri said.
- Reuters•25 days ago
Telecom Italia board still backs CEO after regrets over director criticism
Telecom Italia (TIM) said on Monday its board still backed chief executive Amos Genish after he expressed regret over recent comments made about some of its members. Last week Genish said there were some individual directors on the TIM board who were "feeding untrue, unreliable, speculation" behind the scenes, interfering with its everyday management. In a statement on Monday TIM said that after clarification by the CEO the board acknowledged his regret for having made inappropriate comments which, it said, had been amplified by the media.
Reuters•25 days agoTelecom Italia board still backs CEO after regrets over director criticism
Telecom Italia (TIM) (TLIT.MI) said on Monday its board still backed chief executive Amos Genish after he expressed regret over recent comments made about some of its members. Last week Genish said there were some individual directors on the TIM board who were "feeding untrue, unreliable, speculation" behind the scenes, interfering with its everyday management. In a statement on Monday TIM said that after clarification by the CEO the board acknowledged his regret for having made inappropriate comments which, it said, had been amplified by the media.
- Simply Wall St.•29 days ago
Telecom Italia SpA (BIT:TIT) Is Trading At A 32.52% Discount
Does the share price for Telecom Italia SpA (BIT:TIT) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by taking the expected future cash flows and discountingRead More...
- Bloomberg•last month
Telecom Italia CEO Under Fire After Bashing Directors
Telecom Italia Chief Executive Officer Amos Genish is expected to face tough questions at the phone carrier’s June 25 meeting after he criticized unidentified directors for feeding "untrue and unreliable speculation," according to people familiar with the matter. The CEO, who was installed by the company’s biggest investor Vivendi SA in 2017, will be asked to explain his unusually frank comments made to reporters who were summoned to a briefing on Wednesday, said the people, who asked not to be named discussing a management issue. Genish’s position could be at risk if he doesn’t address the concerns of some board members, they said.
- Reuters•last month
Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber
Telecom Italia (TIM) is keen to discuss combining the Italian phone group's fiber-to-the-home (FTTH) broadband assets with those of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. In a briefing, Genish said he saw clear economic benefits of such a tie-up, especially given the long timeframe for recouping the costs of multibillion euro investments to bring ultrafast internet to homes in Italy, where demand for speeds of up to 1 gigabyte per second is still very low. A source familiar with the matter later added that TIM had spoken about the idea to the shareholders of Open Fiber, which is jointly owned by state lender Cassa Depositi e Prestiti (CDP) and state-controlled utility Enel.
- Reuters•last month
Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber
Telecom Italia (TIM) is keen to discuss combining the Italian phone group's fiber-to-the-home (FTTH) broadband assets with those of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. In a briefing, Genish said he saw clear economic benefits of such a tie-up, especially given the long timeframe for recouping the costs of multibillion euro investments to bring ultrafast internet to homes in Italy, where demand for speeds of up to 1 gigabyte per second is still very low. A source familiar with the matter later added that TIM had spoken about the idea to the shareholders of Open Fiber, which is jointly owned by state lender Cassa Depositi e Prestiti (CDP) and state-controlled utility Enel.
Reuters•last monthTelecom Italia agrees measures with unions equivalent to 4,500 layoffs: source
An accord Telecom Italia signed with trade unions Monday night will achieve savings equivalent to 4,500 layoffs through so-called 'solidarity' measures, a source familiar with the matter said on Tuesday. ...
- Reuters•last month
Telecom Italia agrees measures with unions equivalent to 4,500 layoffs: source
ROME (Reuters) - An accord Telecom Italia signed with trade unions Monday night will achieve savings equivalent to 4,500 layoffs through so-called 'solidarity' measures, a source familiar with the matter ...
Reuters•last monthItaly court suspends fine on Telecom Italia over Vivendi control
An Italian court has suspended a 74.3 million euro ($88 million)fine imposed on Telecom Italia (TLIT.MI) for failing to notify the government its main shareholder Vivendi (VIV.PA) had effective control. Last September Italy began to look into the failure by Vivendi to communicate to the prime minister's office that it had de facto control over the former state phone monopoly. Vivendi, which is TIM's biggest shareholder with a 24 percent stake, has repeatedly denied controlling Italy's biggest phone group.
- Reuters•last month
Italy court suspends fine on Telecom Italia over Vivendi control
An Italian court has suspended a 74.3 million euro (65.51 million pounds) fine imposed on Telecom Italia (TLIT.MI) for failing to notify the government its main shareholder Vivendi (VIV.PA) had effective control. Last September Italy began to look into the failure by Vivendi to communicate to the prime minister's office that it had de facto control over the former state phone monopoly. Vivendi, which is TIM's biggest shareholder with a 24 percent stake, has repeatedly denied controlling Italy's biggest phone group.
Reuters•2 months agoBillionaire Bollore says Vivendi will keep its investments in Italy
Billionaire Vincent Bollore said that Vivendi (VIV.PA), the media group he controls, will keep its investments in Italy, following several setbacks it had experienced in the country. Vivendi has vowed to build a southern European media powerhouse through partnerships and via a spree of acquisitions in Italy, including taking up stakes in Telecom Italia (TLIT.MI) and broadcasting group Mediaset (MS.MI). The Paris-based group recently lost control over the board of the former Telecom Italia monopoly, in which Vivendi has a stake of around 24 percent, following a campaign by U.S. activist fund Elliott.
Reuters•2 months agoBerenberg downgrades Telecom Italia, citing 'toxic cocktail'
Telecom Italia (TIM) (TLIT.MI) shares fell on Friday after Berenberg downgraded Italy's biggest phone group to "sell" from "hold", citing pressure from pending new competition, political headwinds and governance issues. The broker also cut its target price on TIM by 7 percent to 0.66 euros. Activist fund Elliott wrested board control from top shareholder Vivendi (VIV.PA) earlier in May after a two-month campaign but the outlook remains challenging for the former state phone monopoly.
- Reuters•2 months ago
Telecom Italia boss says has board support, Elliott plans not discussed
Telecom Italia (TIM) Chief Executive Amos Genish feels he has the full support of the board to push ahead with his three-year strategy plan and proposals put forward by activist fund Elliott are not being discussed, he said on Thursday. Elliott wrestled board control from top shareholder Vivendi this month after a two-month campaign to shake-up the way the French media group has been running TIM.
- Reuters•2 months ago
Telecom Italia boss says has board support, Elliott plans not discussed
Telecom Italia (TIM) Chief Executive Amos Genish feels he has the full support of the board to push ahead with his three-year strategy plan and proposals put forward by activist fund Elliott are not being discussed, he said on Thursday. Elliott wrestled board control from top shareholder Vivendi this month after a two-month campaign to shake-up the way the French media group has been running TIM.
Reuters•2 months agoTelecom Italia seeks temporary layoffs for 4,000 workers: source
Telecom Italia (TIM) (TLIT.MI) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of a 2018-20 business plan unveiled by the group in March, a source close to the matter said on Thursday. Under the state-sponsored scheme, workers remain at home for a certain period as the company adjusts employment levels to company strategy and market demand, but are not laid off. TIM had been in talks with unions over planned redundancies for months but the negotiations were suspended in March.
- Reuters•2 months ago
Telecom Italia seeks temporary layoffs for 4,000 workers - source
Telecom Italia (TIM) (TLIT.MI) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of a 2018-20 business plan unveiled by the group in March, a source close to the matter said on Thursday. Under the state-sponsored scheme, workers remain at home for a certain period as the company adjusts employment levels to company strategy and market demand, but are not laid off. TIM had been in talks with unions over planned redundancies for months but the negotiations were suspended in March.
Reuters•2 months agoTelecom Italia shares rise after sales growth at home
Telecom Italia (TIM) shares rose 2 percent on Thursday after Italy's biggest phone group reported better than expected growth in first-quarter domestic sales, lifted by solid mobile operations and broadband take-up. Domestic sales at the former telecoms monopoly, which is seeking new sources of income as its traditional phone services lose appeal amid competition from Internet rivals, rose 1.7 percent in the quarter, slowing only marginally from the 2 percent growth recorded in the preceding three months. The domestic sales rise was "boosted by a surprisingly strong wireless unit.
- The Wall Street Journal•2 months ago
[$$] Telecom Italia Profit Rises Despite Fine
SpA (TIT.MI) said its net profit rose in the first-quarter despite taking an earnings hit related to a fine imposed by the Italian government under the so-called “Golden Power” rule. Italy’s largest telecoms operator reported late Wednesday an 8% increase in quarterly net profit to €216 million ($256.7 million) from €200 million a year earlier. Revenue fell to €4.71 billion from €4.82 billion a year earlier, due to a negative exchange-rate effect in its Brazilian business, while earnings before interest, taxes, depreciation and amortization fell to €1.82 billion from €1.99 billion.
- Bloomberg•2 months ago
Telecom Italia Quarterly Sales Rise on Mobile Subscriber Growth
Telecom Italia SpA posted first-quarter sales that beat analysts’ estimates driven by growth in domestic mobile and broadband subscriber numbers. In the carrier’s first results since U.S. activist investor Elliott Management Corp. took control of its board this month, Telecom Italia said revenue rose 2.7 percent in organic terms to 4.71 billion euros ($5.5 billion). Elliott defeated Vivendi SA after shareholders supported its call to improve corporate governance and push for asset sales and a reintroduced dividend.
