Edition:
India

Reti Telematiche Italiane SpA (LIT.MI)

LIT.MI on Milan Stock Exchange

1.51EUR
21 Feb 2020
Change (% chg)

€-0.06 (-3.81%)
Prev Close
€1.57
Open
€1.57
Day's High
€1.57
Day's Low
€1.51
Volume
729,614
Avg. Vol
925,747
52-wk High
€1.87
52-wk Low
€1.31

Latest Key Developments (Source: Significant Developments)

Retelit's Unit To Buy Brennercom From Athesia Group
Monday, 20 Jan 2020 

Jan 20 (Reuters) - Reti Telematiche Italiane SpA ::ATHESIA GROUP ACCEPTS BINDING OFFER BY RETELIT DIGITAL SERVICES S.P.A. FOR ACQUISITION OF BRENNERCOM S.P.A..PRICE FOR 100% OF BRENNERCOM WOULD AMOUNT TO ABOUT EUR 52 MILLION.TRANSACTION’S CLOSING TO TAKE PLACE NO SOONER THAN JUNE 30, 2020 AND NO LATER THAN JULY 31, 2020.OFFER STIPULATES IN ADDITION THAT PART OF PRICE, AMOUNTING UP TO EUR 15 MILLION, MAY BE PAID IN LISTED RETELIT SHARES.  Full Article

Retelit Completes Acquisition Of Partners Associates
Tuesday, 14 Jan 2020 

Jan 14 (Reuters) - Reti Telematiche Italiane SpA ::COMPLETES CLOSING OF ACQUISITION OF 100% OF PARTNERS ASSOCIATES.  Full Article

Intred Signs Agreements With GTT And Retelit On 300 Km Of Optic Fiber
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Intred SpA : :SIGNS AGREEMENTS WITH GTT AND RETELIT ON USE OF 300 KM OF OPTIC FIBER.TOTAL INVESTMENT IN LOMBARDY NETWORK WILL AMOUNT TO AROUND EUR 1 MILLION.  Full Article

Retelit SpA Board To Consider Separation Of Activities Into Two Companies
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Reti Telematiche Italiane SpA ::SAYS BOARD APPROVED ANALYSIS AND ASSESSMENT OF PROJECT FOR SEPARATION OF ACTIVITIES INTO TWO COMPANIES.SAYS TWO COMPANIES SHALL REMAIN ENTIRELY HELD BY RETELIT S.P.A..SAYS TIMING FOR DETAILED ANALYSIS IS A FEW MONTHS, THEN ANY EFFECTIVE IMPLEMENTATION WILL BE CONSIDERED.  Full Article

Retelit Unit e-via Changes Name To Retelit Digital Services
Monday, 15 Apr 2019 

April 15 (Reuters) - Reti Telematiche Italiane SpA ::WHOLLY-OWNED UNIT E-VIA CHANGES NAME TO RETELIT DIGITAL SERVICES.  Full Article

Retelit FY Net Profit Down At EUR 10.1 Mln
Friday, 15 Mar 2019 

March 15 (Reuters) - Reti Telematiche Italiane SpA ::FY NET PROFIT EUR 10.1 MILLION VERSUS EUR 11.4 MILLION YEAR AGO.FY REVENUE EUR 73.0 MILLION VERSUS EUR 65.4 MILLION YEAR AGO.PROPOSES DIVIDEND OF EUR 0.020PER SHARE.APPROVES 2019-2023 BUSINESS PLAN.TARGETS IN 2023 TURNOVER OF €104-109 MILLION.2023 TARGET EBITDA EUR 55-58 MILLION.2019 GUIDANCE: €76-80 MILLION TURNOVER, €29-33 MILLION EBITDA, €22-28 MILLION INVESTMENTS.2023 TARGET NET FINANCIAL POSITION EUR 117-122 MILLION.TARGETS PAY-OUT OF 15-35% OVER ENTIRE 2019-2023 PLAN.TARGETS CUMULATIVE INVESTMENTS IN FIVE-YEAR PERIOD 2019-2023 OF € 78-83 MILLION.THANKS TO THESE TRENDS, SUSTAINED GROWTH IN EBIT AND NET PROFIT IS EXPECTED IN 2019-2023.  Full Article

Reti Telematiche Italiane SpA Says 2019 Guidance Approved
Tuesday, 18 Dec 2018 

Dec 17 (Reuters) - Reti Telematiche Italiane SpA ::2019 GUIDANCE APPROVED AND INDUSTIAL PLAN GUIDELINES REVIEWED.2019-2023 INDUSTRIAL PLAN WILL BE APPROVED IN MARCH 2019 ALONGSIDE APPROVAL OF 2018 RESULTS.FOR 2019, GUIDANCE INDICATES REVENUES OF BETWEEN EURO 76 AND EURO 80 MILLION.FOR 2019, GUIDANCE INDICATES EBITDA OF BETWEEN EURO 29 AND EURO 33 MILLION.FOR 2019, GUIDANCE INDICATES NET CASH POSITION OF BETWEEN EURO 23 AND EURO 27 MILLION.  Full Article

Retelit Receives State Sanction For Violation Of "Golden Power" Law
Saturday, 1 Dec 2018 

Dec 2 (Reuters) - Reti Telematiche Italiane SPA (Retelit) ::SAID ON FRIDAY IT WAS NOTIFIED OF THE DECISION OF THE PRESIDENT OF THE COUNCIL OF MINISTERS TO IMPOSE SANCTION OF EUR 140,137.15.SANCTION CORRESPONDS TO 1 PCT OF RELEVANT REVENUE.THE SANCTION IS THE MINIMUM ONE ACCORDING TO THE SO-CALLED "GOLDEN POWER" LAW.REAFFIRMS THE CORRECTNESS OF ITS ACTIONS AND RESERVES THE RIGHT TO UNDERTAKE APPROPRIATE RECOURSE IN ACCORDANCE WITH LAW.  Full Article

Reti Telematiche Italiane Becomes Part Of Global Ngena Alliance
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Reti Telematiche Italiane SpA ::BECOMES PART OF GLOBAL NGENA ALLIANCE BASED ON PRINCIPLE OF SHARING NETWORK ASSETS BETWEEN PARTNERS GLOBALLY.  Full Article

Reti Telematiche Italiane SpA 9-Month Net Profit Down At EUR 3.8 Mln
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Reti Telematiche Italiane SpA ::9-MONTH TOTAL REVENUE EUR 50.5 MILLION VERSUS EUR 44.3 MILLION YEAR AGO.9-MONTH NET PROFIT EUR 3.8 MILLION VERSUS EUR 4.8 MILLION YEAR AGO.  Full Article