|Bid||0.3690 x 0|
|Ask||0.3727 x 0|
|Day's range||0.3684 - 0.3766|
|52-week range||0.2852 - 0.4740|
|Beta (5Y monthly)||1.43|
|PE ratio (TTM)||1.08|
|Earnings date||27 Jul 2021|
|Forward dividend & yield||0.01 (2.35%)|
|Ex-dividend date||21 Jun 2021|
|1y target est||0.69|
Telecom Italia (TIM) is working on measures it will submit to Italy's antitrust authority after the regulator opened a probe over a deal between the telecoms group and sport streaming service DAZN, two sources close to the matter said. TIM's partnership with DAZN, which has won domestic rights to screen Italy's top-flight soccer matches, has drawn scrutiny from the antitrust watchdog, which earlier this month started investigating the accord saying it could affect competition. One of the remedies TIM plans to propose to allay the regulator's concerns is a pledge not to bundle its broadband offer with TIM Vision pay-TV services, one of the sources said.
MILAN (Reuters) -Italy's antitrust regulator said on Thursday it had opened an inquiry into a deal between sports streaming app DAZN and Telecom Italia (TIM) on Serie A matches, saying it could affect competition. Betting on soccer to promote its fast broadband and pay-TV services, TIM sealed a technical and distribution agreement with DAZN, which secured the rights to screen the matches of Italy's top flight soccer league over the next three seasons for 2.5 billion euros ($2.95 billion).
Telecom Italia's cloud business Noovle and U.S. technology firm Cisco have sealed a partnership to develop cloud services for companies and public administrations, they said in a statement on Tuesday. The move comes as the Italian government prepares to create a national cloud hub for public administration data that will be financed using a portion of the European Union funds earmarked to help its economy recover from the pandemic. Italy wants to use cloud technology developed by big overseas firms, Italy's innovation minister said, while making sure the data is stored locally.