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Telecom Italia S.p.A. (0H6I.IL)
| Previous close | 0.2646 |
| Open | 0.2622 |
| Bid | 0.2575 x 0 |
| Ask | 0.2682 x 0 |
| Day's range | 0.2611 - 0.2671 |
| 52-week range | 0.1970 - 0.3281 |
| Volume | |
| Avg. volume | 38,799,486 |
| Market cap | 6.408B |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.1500 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 21 Jun 2021 |
| 1y target est | N/A |
- Reuters
UPDATE 1-TIM grid sale paves way for state-controlled network operator - minister
Telecom Italia's (TIM) planned sale of its fixed-line network to U.S. fund KKR boosts the prospects of creating a national grid operator under state control, Italy's industry minister said on Tuesday. "Prospectively, I think this [the deal] will enhance the creation of a national grid operator under public control, in full respect of the EU competition law," Minister Adolfo Urso said during an event in Rome. The 19-billion-euro deal ($20.4 billion) is backed by the administration of Prime Minister Giorgia Meloni, which authorised the Treasury to spend up to 2.2 billion euros to take a 20% stake in the network.
ReutersTIM grid sale paves way for state-controlled network operator - minister
ROME (Reuters) -Telecom Italia's (TIM) planned sale of its fixed-line network to U.S. fund KKR boosts the prospects of creating a national grid operator under state control, Italy's industry minister said on Tuesday. "Prospectively, I think this [the deal] will enhance the creation of a national grid operator under public control, in full respect of the EU competition law," Minister Adolfo Urso said during an event in Rome. The 19-billion-euro deal ($20.4 billion) is backed by the administration of Prime Minister Giorgia Meloni, which authorised the Treasury to spend up to 2.2 billion euros to take a 20% stake in the network.
ReutersTelecom Italia CEO seeks new term after KKR grid deal
Telecom Italia's (TIM) chief executive is available for a second term to oversee the reshaping of the phone company after the sale of its domestic fixed-line grid to U.S. fund KKR, the top executive said on Friday. Backed by Giorgia Meloni's conservative administration, the sale of the grid, a first for a former phone monopoly in a major European country, is at central to Labriola's strategy to revive the company. TIM's board approved the 19 billion euro ($20.29 billion) deal on Sunday, defying criticism from top investor Vivendi, which has threatened a legal challenge to the decision, saying shareholder approval was needed.
