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Telecom Italia S.p.A. (TIAOF)
| Previous close | 0.2228 |
| Open | 0.2228 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 0.2228 - 0.2228 |
| 52-week range | 0.2200 - 0.3600 |
| Volume | |
| Avg. volume | 12,564 |
| Market cap | 5.051B |
| Beta (5Y monthly) | 1.03 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.0700 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 21 Jun 2021 |
| 1y target est | N/A |
- Reuters
UPDATE 2-Telecom Italia boss on course for second term as Vivendi abstains
Telecom Italia (TIM) boss Pietro Labriola appeared set to secure a second term after leading investor Vivendi decided to abstain in a shareholder vote on the renewal of the former phone monopoly's board. With its 24% slate, Vivendi was the main hurdle to a reappointment of the current CEO, who wants to press ahead with a revamp centred on a planned sale of TIM's fixed-line access network to U.S. fund KKR. The French media group, a TIM investor since 2015, made clear its frustration with the way the company has been run and repeated its opposition to the KKR deal but stopped short of backing an alternative candidate for CEO.
ReutersTelecom Italia boss on course for second term as Vivendi abstains
MILAN (Reuters) -Telecom Italia (TIM) boss Pietro Labriola appeared set to secure a second term after leading investor Vivendi decided to abstain in a shareholder vote on the renewal of the former phone monopoly's board. With its 24% slate, Vivendi was the main hurdle to a reappointment of the current CEO, who wants to press ahead with a revamp centred on a planned sale of TIM's fixed-line access network to U.S. fund KKR. The French media group, a TIM investor since 2015, made clear its frustration with the way the company has been run and repeated its opposition to the KKR deal but stopped short of backing an alternative candidate for CEO.
- Reuters
UPDATE 1-Telecom Italia's grid sale to KKR faces May 30 EU antitrust deadline
U.S. investment company KKR's proposed buyout of Telecom Italia's (TIM) fixed-line access network will be decided by EU antitrust regulators by May 30, according to a European Commission filing on Friday. The former phone monopoly said earlier on Friday that KKR had sought approval from the EU competition enforcer for the proposed deal. The Commission can clear the deal with or without remedies during its preliminary review or it can open a four-month long investigation after the initial scrutiny if it has serious concerns.
