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Telecom Italia S.p.A. (TIN.MX)

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  • Reuters

    Exclusive-TIM rivals flag competition risks over network spin-off in letter to Rome govt

    Telecom Italia's (TIM) competitors have written to the Italian government to voice concerns about the risk that a planned spin-off of the former phone monopoly's network assets reinforces its dominant position in the fixed broadband market, a document showed. In a letter dated Feb. 14 of which Reuters saw a copy, Vodafone, Fastweb, Iliad, Wind 3 and Comcast's Sky Italia drew attention to the terms of an agreement that regulates the relationship between TIM's remaining services business and the newly-created network company. The letter said the two companies could retain a "strong vertical mutual dependence" which could hurt other players that, like TIM's services arm, also need to use the network to reach their final customers.

  • Reuters

    Telecom Italia boss expects trouble-free network sale

    MILAN (Reuters) -Telecom Italia (TIM) does not expect any specific antitrust obstacles to the planned sale of its fixed-line network assets to U.S. fund KKR, the Chief Executive of Italy's biggest phone group said on Thursday. The deal, worth up to 22 billion euros ($23.6 billion), is a key plank of Pietro Labriola's revamp of the battered former phone monopoly, aiming to reduce TIM's debt pile and offload more than a half of its domestic workforce. Labriola downplayed concerns that rivals operators reportedly raised with EU regulators about the relationship between the wholesale-only network that will be sold to KKR and TIM's remaining service business.

  • Reuters

    Vivendi legal threat clouds Telecom Italia grid deal

    MILAN (Reuters) -Shares in Telecom Italia (TIM) slipped on Monday after investor Vivendi threatened a legal challenge to the former phone monopoly's plan to sell its network grid in a 19 billion euro ($20.4 billion) deal. The sale to KKR would make TIM the first telecoms group in a major European country to part ways with its landline grid, and is a key plank of TIM CEO Pietro Labriola's plan to revive the debt-laden group. TIM said it aimed to complete the deal by next summer but hopes of a smooth relaunch for the long-troubled telecoms company were clouded by the opposition of Vivendi, which owns a 24% stake in TIM.