|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||0.2111 - 0.2156|
|52-week range||0.2111 - 0.2156|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Italy’s far-right Brothers of Italy party, which is leading polls ahead of snap elections next month, is promoting a plan to take Telecom Italia SpA private and sell off the phone company’s assets in a bid to cut its debt pile by more than half, people familiar with the matter said. The shares jumped.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet Near War’s OnsetHow the US Toppled the World’s Most Powerful Gold TraderUkraine Latest: First UN Wheat Cargo Set
MILAN (Reuters) -Talks between Telecom Italia (TIM) and state lender CDP to form a single network operator have not been halted by an early election to be held in Italy next month, TIM's CEO said on Thursday, citing remarks from a top CDP official. "Things are proceeding, the political environment is not blocking the activity," TIM CEO Pietro Labriola told analysts, noting remarks by Pierpaolo Di Stefano, the CDP executive in charge of the single network project.
Telecom Italia (TIM) on Wednesday improved its core profit target for the year, helped by cost cutting and the contribution from the company's Brazilian subsidiary in the second quarter. TIM said its core earnings after lease fell by 14.3% to 1.3 billion euros in the April-June period, marginally ahead of an analyst consensus provided by the company of 1.29 billion euros. TIM said it now sees its core profit after lease costs falling by a 'low-teens' percentage this year from its previous guidance of a 'mid-to-high teens' decrease.