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

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  • Reuters

    TIM sees annual growth of 8% for core profit under new leaner structure

    Telecom Italia (TIM) expects its core earnings to grow at 8% on a compound annual basis over the next three years under a new leaner structure after a planned sale of its domestic fixed-line network, it said on Wednesday. Worth up to 22 billion euros ($24 billion) and backed by the Italian government, the network deal is designed to slash the company's debt pile and cut costs. "The sale of the fixed network will allow TIM to move into the market with fewer financial and regulatory constraints," TIM said in a statement after a board meeting approved a new three- year business plan set out by Chief Executive Pietro Labriola.

  • 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

    Challenger plan for Telecom Italia includes 16 billion euros in asset sales

    ROME (Reuters) -The sale of Telecom Italia's (TIM) domestic retail operations and Brazilian unit could raise at least 16 billion euros ($16.96 billion), a former senior executive of the phone group said in an interview published on Thursday. The suggested sales are key planks of a revamp plan put forward by former TIM deputy general manager Stefano Siragusa and London-based investment firm Merlyn Advisors, who together own under 3% of TIM. Merlyn and Siragusa are challenging TIM's plan to sell its landline grid to U.S. fund KKR.