|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||12.52 - 12.71|
|52-week range||12.38 - 42.70|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||10.58|
|Forward dividend & yield||0.72 (5.65%)|
|Ex-dividend date||29 Oct 2021|
|1y target est||46.00|
Telecom Italia (TIM) on Friday appointed veteran manager Pietro Labriola as chief executive, in a move that could complicate a takeover approach by U.S. private equity firm KKR. Labriola, who has run TIM's Brazilian operations for the last three years, was promoted to general manager in November, when former CEO Luigi Gubitosi was ousted following a string of profit warnings. In leaving his role, Gubitosi had urged TIM to give KKR access to its books, a decision which is still pending as TIM is yet to take a stance on the bid.
PARIS, January 18, 2022--Regulatory News: Vivendi (Paris:VIV) today announced that it has decided to support the digital communication group Progressif Media, specializing, among other things, in the design and execution of social network campaigns, becoming an 8.5% shareholder along with ZeWatchers, which will own 30%, and the three founders, Emile Duport, David Bonhomme and Thomas Ghys, who retain 60% of the company.
MILAN (Reuters) -Telecom Italia (TIM) is moving closer to appointing a new chief executive, with General Manager Pietro Labriola tipped as frontrunner, four sources familiar with the matter said on Tuesday. TIM, which faces a 10.8 billion euro ($12.24 billion) takeover approach from U.S. private equity investor KKR, has been without a CEO since November when Luigi Gubitosi stepped down following a string of profit warnings. TIM Chairman Salvatore Rossi has called a board meeting on Jan. 21 to appoint a new CEO after a group of five directors, including representatives of TIM's top investor Vivendi, asked him to speed up the process, one of the sources said.