Previous close | 0.2231 |
Open | 0.2231 |
Bid | 0.2219 x 0 |
Ask | 0.2222 x 0 |
Day's range | 0.2212 - 0.2248 |
52-week range | 0.2000 - 0.3271 |
Volume | |
Avg. volume | 225,667,157 |
Market cap | 4.775B |
Beta (5Y monthly) | 1.03 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.0600 |
Earnings date | 15 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 21 Jun 2021 |
1y target est | 0.30 |
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.
(Bloomberg) -- KKR & Co. is set to tap an Italian industry veteran to run the telecom network business which is buying from Telecom Italia SpA, according to people familiar with the matter said. Most Read from BloombergIsrael Bracing for Unprecedented Direct Iran Attack in DaysApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointUS Sees Imminent Missile Strike on Israel by Iran, ProxiesJPMorgan Shares Fall After NII Miss,
Telecom Italia (TIM) would be left with 6.6 billion euros ($7 billion) in cash after repaying all of its debts, if it sold its Brazilian unit and its domestic consumer business, activist investor Merlyn Partners calculated. In a document outlining its vision for TIM, Merlyn - which holds 0.5% of the group - drew up six scenarios ahead of an April 23 shareholder vote to name new top executives at TIM. Four of the six scenarios are built around the proposed sale of TIM's domestic access network to KKR, an up to 22 billion euro deal promoted by TIM CEO Pietro Labriola, who is seeking reappointment this month.