TI - Telecom Italia S.p.A.

NYSE - NYSE Delayed Price. Currency in USD
5.54
-0.32 (-5.46%)
At close: 4:02PM EST
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Previous Close5.86
Open5.55
Bid5.56 x 1000
Ask5.57 x 1300
Day's Range5.44 - 5.69
52 Week Range5.15 - 11.28
Volume233,203
Avg. Volume262,070
Market Cap11.305B
Beta (3Y Monthly)0.68
PE Ratio (TTM)N/A
EPS (TTM)-0.43
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-04-22
1y Target Est13.93
Trade prices are not sourced from all markets
  • Elliott Has a Rocky Path to Telecom Italia Victory
    Bloomberg6 hours ago

    Elliott Has a Rocky Path to Telecom Italia Victory

    The communications regulator said the plan, proposed by then-CEO Amos Genish last year, to separate the landline network legally  didn’t go far enough to justify giving the firm an easier ride when it comes to issues like pricing. Since it built up a shareholding in the carrier almost a year ago, Elliott has been pushing for the sale of a majority stake in the network, with the expectation that at least some of the proceeds are returned to shareholders. The American firm then succeeded in getting investors to elect a board controlled by directors it nominated, who in turn pushed out Genish in December in favor of former banker Luigi Gubitosi.

  • Reuters6 hours ago

    Elliott calls on Telecom Italia to press ahead with full network split

    Activist investor Elliott urged Telecom Italia's board to spin-off its fixed-line network, after Italy's telecoms regulator gave an initial thumbs-down to a Vivendi plan to create a wholly-owned subsidiary instead. AGCOM said on Sunday that the proposal drawn up by former Chief Executive Amos Genish, appointed when French media group Vivendi controlled Telecom Italia's (TIM) board, would not reduce the power TIM has got over the market. Elliott and Vivendi are locked in a battle over how to relaunch the debt-laden former Italian telecoms monopoly after the U.S. fund last year managed to wrestle control of TIM's board away from top shareholder Vivendi.

  • Vodafone, IBM Join Forces to Enhance Market Share in Europe
    Zacks8 hours ago

    Vodafone, IBM Join Forces to Enhance Market Share in Europe

    Vodafone (VOD) aims to accelerate business service revenues, which currently account for 30% of its total revenues, by uniting fixed-line and mobile services with latest technology.

  • Telecom Italia Network Spinoff Plan Spurned by Regulator
    Bloomberg9 hours ago

    Telecom Italia Network Spinoff Plan Spurned by Regulator

    Separating the network while retaining majority control would let the Milan-based company continue to enjoy “a significant competitive advantage” nationwide, except in Milan, regulator Agcom said in a document posted on its website over the weekend. Former Chief Executive Officer Amos Genish made the proposal last year as a compromise to avoid relinquishing full control of the network while answering demands from regulators and politicians for a more level competitive playing field. Since then, Genish has been removed by allies of U.S. activist investor Elliott Management Corp., which is calling for Telecom Italia to spin off the network and sell a majority stake, as part of a deeper structural overhaul of the Milan-based company.

  • Telecom Italia Network Spinoff Plan Spurned by Regulator
    Bloomberg9 hours ago

    Telecom Italia Network Spinoff Plan Spurned by Regulator

    Separating the network while retaining majority control would let the Milan-based company continue to enjoy “a significant competitive advantage” nationwide, except in Milan, regulator Agcom said in a document posted on its website over the weekend. Former Chief Executive Officer Amos Genish made the proposal last year as a compromise to avoid relinquishing full control of the network while answering demands from regulators and politicians for a more level competitive playing field. Since then, Genish has been removed by allies of U.S. activist investor Elliott Management Corp., which is calling for Telecom Italia to spin off the network and sell a majority stake, as part of a deeper structural overhaul of the Milan-based company.

  • Italy regulator gives TIM's network separation plan thumbs down
    Reutersyesterday

    Italy regulator gives TIM's network separation plan thumbs down

    Telecom Italia (TIM) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal. TIM has been under pressure for years from Italian politicians, regulators and rivals to separate and upgrade its network, which analysts have valued at up to 15 billion euros (13.2 billion pounds). Before being ousted in November former TIM chief Amos Genish set out a plan to spin off the network into a fully controlled separate company, but communications regulator AGCOM has given an initial thumbs down to the idea since TIM would continue to have significant power in the market.

  • Reuters3 days ago

    UPDATE 2-European shares surf to six-week highs on U.S.-China trade progress

    European shares jumped to their highest level in six weeks as signs of a detente in the trade war between the United States and China lifted markets from Wall Street to Beijing. Markets rose overnight after a report that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback. A Bloomberg report saying China has offered to ramp up imports from the United States in order to reconfigure trading relations between the two countries delivered an extra boost to equities on Friday.

  • Reuters3 days ago

    UPDATE 1-U.S-China trade talk optimism lifts European shares

    European shares rose on Friday, hitting their highest level since early December as renewed hopes for trade negotiations between the United States and China lifted markets from Wall Street to Beijing. "It seems almost impossible to sensibly gauge where U.S. – China relations stand," Jasper Lawler from LCG said. "Yet the market hangs on each headline, highlighting just how sensitive it is to the ongoing trade issue," he added.

  • The Wall Street Journal3 days ago

    [$$] Telecom Italia Warns on Earnings

    Telecom Italia said it expects its earnings from its home unit this year to fall from last year based on preliminary figures.

  • Telecom Italia shareholders to vote on Vivendi's board demands in March
    Reuters7 days ago

    Telecom Italia shareholders to vote on Vivendi's board demands in March

    Telecom Italia has called a shareholder meeting for March 29 to vote on top investor Vivendi's request to replace five board members, setting the stage for a new showdown between the French media giant and U.S. activist fund Elliott. In December Vivendi, which owns 24 percent of Telecom Italia (TIM), called for the replacement of five of the board members put forward by Elliott, citing a "substantial lack of independence". Vivendi's request was the latest twist in a months-long battle between Vivendi and Elliott over how to revive Italy's biggest phone group, an underperforming business saddled with 25 billion euros (£22.2 billion) of debt.

  • Telecom Italia Bids for BT Unit Hit by Scandal
    Bloomberg7 days ago

    Telecom Italia Bids for BT Unit Hit by Scandal

    Hong Kong conglomerate CK Hutchison Holdings Ltd.’s Wind Tre SpA and fiber carrier Retelit SpA also expressed interested in the unit, they said. BT Italia is seen as potentially valuable to a buyer because it serves major corporate customers including Eni SpA, Fiat Chrysler Automobiles NV and Mediaset SpA. Representatives for BT Italia, London-based BT, Telecom Italia, Wind Tre and Retelit declined to comment.

  • Telecom Italia Bids for BT Unit Hit by Scandal
    Bloomberg7 days ago

    Telecom Italia Bids for BT Unit Hit by Scandal

    Hong Kong conglomerate CK Hutchison Holdings Ltd.’s Wind Tre SpA and fiber carrier Retelit SpA also expressed interested in the unit, they said. BT Italia is seen as potentially valuable to a buyer because it serves major corporate customers including Eni SpA, Fiat Chrysler Automobiles NV and Mediaset SpA. Representatives for BT Italia, London-based BT, Telecom Italia, Wind Tre and Retelit declined to comment.

  • Bloomberg9 days ago

    Telecom Italia Exploring Bid for BT's Italian Business

    The U.K. phone carrier’s local business also attracted interest from Wind Tre SpA and fiber carrier Retelit SpA, the people said, asking not to be identified because the process isn’t public. Bloomberg News reported last month that BT is soliciting non-binding offers for its Italian unit, moving ahead the sale. Representatives for BT Italia, Telecom Italia, Wind Tre and Retelit declined to comment when contacted on Saturday.

  • Estimating The Intrinsic Value Of Telecom Italia S.p.A. (BIT:TIT)
    Simply Wall St.20 days ago

    Estimating The Intrinsic Value Of Telecom Italia S.p.A. (BIT:TIT)

    In this article I am going to calculate the intrinsic value of Telecom Italia S.p.A. (BIT:TIT) by estimating the company's future cash flows and discounting them to their present value. Read More...

  • Billionaire Singer’s French Nemesis Won’t Go Quietly
    Bloomberglast month

    Billionaire Singer’s French Nemesis Won’t Go Quietly

    Less than a month after activist investor Elliott Management Corp. succeeded in ousting the CEO, Vivendi SA is mounting a fightback intended at regaining control of the board. Vivendi plans to call a new shareholder vote on the board’s composition by the end of the week. Elliott’s nominees secured a majority of the seats back in May. The two sides fundamentally disagree on the best way forward for Telecom Italia.

  • Vivendi seeks shareholders meeting to change Telecom Italia board
    Reuterslast month

    Vivendi seeks shareholders meeting to change Telecom Italia board

    Vivendi is calling for a shareholders meeting to change the board at Telecom Italia including five members proposed by activist fund Elliott, the French media conglomerate said on Tuesday. Vivendi, which holds a stake of around 24 percent, has been battling with Elliott over Telecom Italia, where Elliott wrested control over the board from Vivendi in May.

  • Vivendi Demands Telecom Italia Fire Directors Allied to Elliott
    Bloomberglast month

    Vivendi Demands Telecom Italia Fire Directors Allied to Elliott

    Key InsightsVivendi is turning up the heat in its battle to win back control of Italy’s dominant phone company from Elliott after the U.S. activist’s allies last month pushed out the company’s CEO, a Vivendi ally.Telecom Italia’s board, dominated by Elliott allies, has resisted Vivendi’s demand for a shareholder meeting to appoint auditors for 2019 onwards.

  • U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says
    Bloomberg2 months ago

    U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says

    Officials from the U.S. have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people familiar with the matter. Huawei has long been labeled a security risk by U.S. lawmakers because of alleged links to the Chinese government, in part because it was founded by former military engineer Ren Zhengfei. While the Shenzhen-based company has denied any inappropriate connections, it’s been banned in Australia from supplying fifth-generation wireless equipment, faced scrutiny in the U.K. and found itself largely shut out from the U.S. market.

  • Reuters2 months ago

    Telecom Italia's network spin-off would put at risk 20,000 jobs: trade union source

    ROME (Reuters) - The plan to spin off the fixed-line network of former telecoms monopolist Telecom Italia would put at risk 20,000 jobs, a trade union source said on Thursday. Italy's government is studying a spin-off of network assets from Telecom Italia (TIM). Il Messaggero daily said on Thursday 30,000 TIM staff would be transferred to the new fixed-line company together with assets - both from TIM and Open Fiber - worth 15 billion euros ($17 billion). "Yes," a member of telecoms union UILCOM said in answer to a question over whether the plan would risk making 20,000 people at TIM ...

  • Reuters2 months ago

    Telecom Italia's network spin-off would put at risk 20,000 jobs: trade union source

    The plan to spin off the fixed-line network of former telecoms monopolist Telecom Italia would put at risk 20,000 jobs, a trade union source said on Thursday. Italy's government is studying a spin-off ...

  • Italy Finds a Friend in U.S. Hedge Fund
    Bloomberg2 months ago

    Italy Finds a Friend in U.S. Hedge Fund

    The government is interfering with a private company to get hold of its most prized asset: the country’s phone and broadband network. Italy is playing fast and loose with property rights and no one seems to care. The ruling Five Star Movement has presented a draft amendment to a fiscal decree, which envisages creating a single company to combine the networks of Telecom Italia and Open Fiber, a smaller rival.