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Telecom Italia S.p.A. (TIT.VI)
| Previous close | 0.2309 |
| Open | 0.2332 |
| Bid | 0.2330 x 0 |
| Ask | 0.2356 x 0 |
| Day's range | 0.2332 - 0.2332 |
| 52-week range | 0.2100 - 0.3244 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 5.06B |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.0600 |
| Earnings date | 31 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 21 Jun 2021 |
| 1y target est | N/A |
ReutersTelecom Italia focused on organic growth after network sale
Telecom Italia (TIM) is not seeking a partner for its domestic consumer unit as the telecoms firm is focused on growing businesses left after the sale of its grid assets, CEO Pietro Labriola said on Monday. TIM will finalise the landmark sale of its domestic fixed line access network to KKR on July 1, completing a deal worth up to 22 billion euros ($23.6 billion) aimed at slashing the former phone monopoly debt pile and facilitating a revamp. Speaking at an event in Milan, Labriola said TIM needed to focus on its operations in Italy and Brazil before looking at M&A deals and was not looking for a partner for its Italian consumer unit.
ReutersBrazil's TIM may benefit from Telecom Italia's network sale
The chief executive of TIM Brasil, Alberto Griselli, said on Thursday that its parent company Telecom Italia's agreement to sell its physical network could provide an additional boost for its business in Brazil. "Brazil is the group's priority; the crown jewel," he told Reuters on the outskirts of an innovation and technology event in Rio de Janeiro.
ReutersMoody's lifts Telecom Italia rating with network sale in sight
Moody's on Wednesday raised Telecom Italia's credit rating by one notch to Ba3 and maintained a positive outlook as the debt-laden telecoms company nears the completion of the sale of its fixed-line access network to KKR for up to 22 billion euros. Moody's upgrade followed the unconditional approval of the deal by the European Union antitrust authority. Moody's had put the Telecom Italia (TIM) rating on review for upgrade by one to two notches after the company approved the KKR deal in November.
