|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.63 - 12.81|
|52 Week Range||12.38 - 42.70|
|Beta (5Y Monthly)||0.94|
|PE Ratio (TTM)||10.62|
|Forward Dividend & Yield||0.72 (5.65%)|
|Ex-Dividend Date||Oct. 29, 2021|
|1y Target Est||46.00|
Italy's Democratic Party (PD) has pledged to actively involve the coalition government in deciding the future of Telecom Italia (TIM) after the country's biggest phone company lost its fourth chief executive in six years, unions said on Monday. Luigi Gubitosi stepped down as CEO of the former state monopoly on Friday following a clash https://reut.rs/3xz4D9N with its biggest investor, Vivendi, a week after U.S. fund KKR submitted a $12 billion proposal to take TIM private.
(Bloomberg) -- Telecom Italia SpA Chief Executive Officer Luigi Gubitosi resigned on Friday, less than a week after private equity firm KKR & Co. made a preliminary 10.8 billion-euro ($12.2 billion) bid for the former Italian phone monopoly.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAn Arab City’s Booming Art Scene Is Also a Grab at Soft PowerThe company’s directors, meeting Frida
Telecom Italia (TIM) lost its fourth chief executive in six years on Friday after Luigi Gubitosi threw in the towel, following a clash with top investor Vivendi, a week after a $12 billion takeover proposal by U.S. fund KKR. The former phone monopolist said in a statement the head of TIM Brazil, Pietro Labriola, had been named general manager so as to ensure the group continued to operate smoothly, confirming what sources had told Reuters earlier on Friday.