|Bid||0.2386 x 0|
|Ask||0.2388 x 0|
|Day's range||0.2366 - 0.2473|
|52-week range||0.1989 - 0.4870|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||0.70|
|Forward dividend & yield||0.03 (10.64%)|
|Ex-dividend date||21 Jun 2021|
|1y target est||0.31|
The Italian Treasury is set to guarantee a 2 billion euro ($2.1 billion) bank credit line for Telecom Italia (TIM), three sources close to the matter said on Monday, in a boost to the phone company's turnaround efforts. The loan would shore up TIM's finances as CEO Pietro Labriola works on a revamp plan for the debt-laden group centred on the separation of its wholesale fixed network operations from services businesses. The parties agreed to reduce the size of the financing from the 3 billion euros initially discussed due to a drop in TIM's expected financial needs, the sources added, speaking anonymously due to the sensitivity of the matter.
MILAN (Reuters) -The recently appointed chief executive of Telecom Italia said on Wednesday he hoped the former phone monopoly could surprise markets with positive first-half results. "On August 3 we will publish results for the first half of the year", CEO Pietro Labriola said at the presentation of the group's new communication campaign. Labriola, who was confirmed in the CEO's role only in January, also said that the company's future strategy of separation of the landline grid from its service businesses was not a reason to delay hitting the company's targets.
MILAN (Reuters) -Italy's biggest phone group Telecom Italia has secured works worth 725 million euros ($755.67 million) in a government tender for the deployment of 5G networks, the ministry for technological innovation and digital transition said on Monday. Earlier this year the EU Commission approved a 2 billion-euro Italian scheme to support the roll out of 5G mobile networks through the Recovery and Resilience Plan (PNRR). "With the award of the first tender for the development of 5G we are even closer to complete the government's plan to connect the whole of Italy with ultra-high-capacity networks," Innovation Minister Vittorio Colao said in the statement.