Previous Close | 0.2480 |
Open | 0.2480 |
Bid | 0.2463 x 0 |
Ask | 0.2465 x 0 |
Day's Range | 0.2425 - 0.2486 |
52 Week Range | 0.2000 - 0.3271 |
Volume | |
Avg. Volume | 243,251,544 |
Market Cap | 5.347B |
Beta (5Y Monthly) | 1.02 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jun 21, 2021 |
1y Target Est | N/A |
MILAN (Reuters) -Telecom Italia's (TIM) biggest investor, Vivendi, asked an Italian judge for further documentation to be provided in a case challenging the planned sale of the phone group's landline grid to U.S. fund KKR, a lawyer for the French company said on Tuesday. Worth up to 22 billion euros ($23.9 billion) and backed by the Italian government, the proposed sale is a key plank of TIM Chief Executive Pietro Labriola's strategy to revamp the debt-laden telecoms company. Vivendi, which was seeking a higher price, filed a complaint with a Milan court in December to annul the decision by TIM's board to sell the network without a shareholder vote.
U.S. investment firm KKR will likely offer remedies next week in an attempt to secure EU antitrust approval to buy Telecom Italia's (TIM) fixed-line access network, a person familiar with the matter said on Wednesday. KKR wants to acquire TIM's domestic network for up to 22 billion euros ($23.87 billion), making the Italian telecoms group the first in a major European country to divest its landline grid. The European Commission is now examining the deal, with a decision due by May 30.
U.S. investment firm KKR will likely offer remedies next week in an attempt to secure EU antitrust approval to buy Telecom Italia's (TIM) fixed-line access network, a person familiar with the matter said on Wednesday. KKR wants to acquire TIM's domestic network for up to 22 billion euros ($23.87 billion), making the Italian telecoms group the first in a major European country to divest its landline grid. The European Commission is now examining the deal, with a decision due by May 30.