Previous close | 9.86 |
Open | 9.75 |
Bid | 9.72 x 0 |
Ask | 9.92 x 0 |
Day's range | 9.75 - 9.91 |
52-week range | 7.99 - 10.55 |
Volume | |
Avg. volume | 2,102,018 |
Market cap | 10.06B |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.97 |
Earnings date | N/A |
Forward dividend & yield | 0.25 (2.96%) |
Ex-dividend date | 25 Apr 2023 |
1y target est | N/A |
Telecom Italia (TIM) shareholders will vote on April 23 on whether to hand CEO Pietro Labriola a new mandate to press ahead with his plans to revive the debt-laden group by selling its domestic access network to KKR. Labriola, who has been running TIM for the past two years, has agreed to sell its national network grid - its main piece of infrastructure - to U.S. fund KKR for up to 22 billion euros ($23.4 billion) in what would be a first for a former phone monopoly in a major European market. Backed by the Italian government, which holds an indirect stake in TIM, the sale is intended to mark a fresh start for a group long hobbled by debt and fierce competition.
Activist investor Bluebell Capital Partners is proposing an outgoing Google executive as candidate for the role of CEO of Telecom Italia (TIM), in a challenge to Pietro Labriola's bid for a second term. In a document presenting Bluebell's vision for TIM, seen by Reuters, it named Laurence Lafont, the outgoing vice-president for strategic industries at Google Cloud in Europe, as candidate for the role of TIM CEO. TIM investors are due to meet on April 23 to appoint a new board of directors.
Activist investor Bluebell Capital Partners is proposing to nominate an outgoing Google executive as candidate for the role of CEO of Telecom Italia (TIM), in a challenge to Pietro Labriola's bid for a second term. In a document presenting Bluebell's vision for TIM, seen by Reuters, it proposed Laurence Lafont, the outgoing vice-president for strategic industries at Google Cloud in Europe, as candidate for the role of TIM CEO. TIM investors are due to meet on April 23 to appoint a new board of directors.