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Telecom Italia SpA (TLITn.MI)

TLITn.MI on Milan Stock Exchange

0.35EUR
3 Aug 2020
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Latest Key Developments (Source: Significant Developments)

TIM will not accept being a minority shareholder in any single network company
Wednesday, 11 Mar 2020 

March 11 (Reuters) - Telecom Italia (TIM) Chief Eexecutive Luigi Gubitosi said in a conference call after the group released its new business plan: :IT'S TIME FOR ENEL TO MAKE UP ITS MIND AND DECIDE ON TIE-UP OF OPEN FIBER WITH TIM'S LAST-MILE NETWORK.THERE IS INSTITUTIONAL SUPPORT FOR A SINGLE ULTRAFAST NETWORK.SEEING A SIGNIFICANT INCREASE IN TRAFFIC OVER LAST 7-10 DAYS, FIXED-LINE TRAFFIC UP SOME 70%.TOO EARLY TO SAY WHAT IS GOING TO HAPPEN IN RELATION TO CORONAVIRUS.COMPANY WILL START DISCUSSION WITH POTENTIAL INVESTORS FOR A MINORITY STAKE IN THE DATA CENTER BUSINESS IN THE LAST QUARTER OF THE YEAR.COMPANY WILL NOT ACCEPT BEING A MINORITY INVESTOR IN FIBERCOP OR IN OPEN FIBER COMBINATION.TIM COULD ACCEPT BEING A MINORITY INVESTOR IN AN OPEN FIBER DEAL IN SO-CALLED WHITE AREAS.  Full Article

Vodafone To Combine Italian Towers With INWIT
Friday, 26 Jul 2019 

July 26 (Reuters) - Vodafone Group Plc ::VODAFONE TO COMBINE ITALIAN TOWERS WITH INWIT.VODAFONE WILL RECEIVE A CASH CONSIDERATION OF EUR 2,140 MILLION AND A 37.5% SHAREHOLDING IN COMBINED ENTITY.PRO FORMA FOR COMBINATION, INWIT IS EXPECTED TO HAVE AN ASSET BASE COMPRISING C.22,100 TOWERS.VODAFONE'S SHAREHOLDING WOULD BE VALUED AT EUR 3,130 MILLION, WHICH IMPLIES AN ENTERPRISE VALUE FOR VODAFONE ITALY TOWERS OF EUR 5,270 MILLION.INWIT ESTIMATES THAT COMBINATION, NETWORK SHARING DEAL TO DELIVER EBITDA FROM SYNERGIES AND COMMITTED SERVICES OF ABOUT EUR 110 MILLION BY 2026.CO, TIM TO RETAIN JOINT CONTROL OF INWIT, BUT OVER TIME WILL CONSIDER JOINTLY REDUCING RESPECTIVE OWNERSHIP LEVELS TO MINIMUM OF 25%.NETWORK SHARING PARTNERSHIP IS EXPECTED TO DELIVER NET CUMULATIVE CASHFLOW BENEFITS TO VODAFONE OF AT LEAST EUR 800 MILLION OVER NEXT 10 YEARS.BOARD OF INWIT WILL COMPRISE OF 13 DIRECTORS, INCLUDING 5 APPOINTEES FROM VODAFONE AND 5 APPOINTEES FROM TIM.CASH FLOW IMPACT OF NETWORK SHARING IS EXPECTED TO REFLECT MODEST NET INVESTMENT DURING IMPLEMENTATION PHASE OVER FIRST TWO YEARS.CO, TIM INTEND TO RETAIN JOINT CONTROL OF INWIT, BUT OVER TIME WILL CONSIDER REDUCING RESPECTIVE OWNERSHIP LEVELS FROM 37.5% TO MIN. 25.0%.VODAFONE WILL INITIALLY HAVE RIGHT TO APPOINT CHAIRMAN AND CFO, WHILE TIM WILL APPOINT CEO.APPOINTMENTS OF CHAIRMAN, CEO AND CFO WILL ALTERNATE BETWEEN VODAFONE AND TIM EVERY 3 YEARS.  Full Article

Telecom Italia And Inwit Convened Their Boards Of Directors To Discuss Partnership With Vodafone
Wednesday, 24 Jul 2019 

July 23 (Reuters) - Telecom Italia: :TIM AND INWIT CONVENED THEIR BOARDS OF DIRECTORS TO DISCUSS PARTNERSHIP WITH VODAFONE .TELECOM ITALIA- TIM, INWIT INFORMS THEY HAVE CONVENED A MEETING OF THEIR RESPECTIVE BOARDS FOR JULY 26 TO DISCUSS PARTNERSHIP PROJECT WITH VODAFONE.  Full Article

TIM has no plan to sell data-centre operations - CEO
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Telecom Italia's Chief Executive Officer Luigi Gubitosi says::HE HAS NO PLAN TO SELL COMPANY'S DATA-CENTRE OPERATIONS.  Full Article

Telecom Italia Reaches Binding Agreement To Sell Shareholding In Persidera
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Telecom Italia SpA ::SAYS AGREEMENT REACHED FOR THE SALE OF STAKE IN PERSIDERA S.P.A..SAYS TIM S.P.A. AND GEDI GRUPPO EDITORIALE S.P.A. HAVE REACHED A BINDING AGREEMENT WITH F2I AND EI TOWERS S.P.A..AGEEMENT IS FOR SALE OF RESPECTIVELY, 70% AND 30% IN PERSIDERA S.P.A. BASED ON AN ENTERPRISE VALUE OF €240 MILLION.SAYS EXPECTED OVERALL IMPACT ON THE GROUP'S NFP REDUCTION IN 2019 IS OF APPROXIMATELY € 160 MILLION.  Full Article

Italy watchdog to wrap up market analysis of access to TIM network by July 25
Thursday, 30 May 2019 

May 30 (Reuters) - Italy communication watchdog head Angelo Cardani says::WANTS TO WRAP UP ITS MARKET ANALYSIS OF ACCESS TO TELECOM ITALIA NETWORK BY JULY 25.  Full Article

Italy's watchdog aims to safeguard equal access to telecom network - TIM official
Thursday, 30 May 2019 

May 30 (Reuters) - Telecom Italia network supervisory board chairman Maurizio Mensi::SAYS REGULATOR AIMS TO SAFEGUARD EQUAL ACCESS FOR ALL PLAYERS TO NETWORK WHATEVER ITS FUTURE FORM.  Full Article

Telecom Italia Says Q1 Organic Group EBITDA 1.8 bln euros
Monday, 20 May 2019 

May 20 (Reuters) - Telecom Italia SpA ::Q1 NET DEBT AT EUR 25.1‍​ BILLION AT END-MARCH VERSUS EUR 25.44 BILLION IN COMPANY-PROVIDED CONSENSUS.Q1 REVENUES EUR ‍​4.5 BILLION VERSUS EUR 4.49 BILLION IN COMPANY-PROVIDED CONSENSUS.Q1 ORGANIC GROUP EBITDA EUR 1.8​ BILLION VERSUS EUR 1.79 BILLION IN COMPANY-PROVIDED CONSENSUS.SAYS SEES AFTER LEASE DEBT TARGET 20.5 BILLION EUROS IN 2021 BEFORE NON-ORGANIC OPERATIONS.Q1 DOMESTIC EBITDA EUR 1.447 BILLION.SAYS SEES SYNERGIES FROM PLAN TO SHARE MOBILE NETWORK WITH VODAFONE AT 100-150 MILLION EUROS PER YEAR.  Full Article

Telecom Italia CFO Piergiorgio Peluso Is Planning To Resign From Post - Bloomberg Reporter Tweet
Monday, 6 May 2019 

May 6 (Reuters) - :TELECOM ITALIA CHIEF FINANCIAL OFFICER PIERGIORGIO PELUSO IS PLANNING TO RESIGN FROM POST - BLOOMBERG REPORTER TWEET, CITING SOURCES.TELECOM ITALIA'S PELUSO INTENDS TO ASSUME NEW ROLE OF HEAD OF SPECIAL PROJECTS AT TI AND MAY LEAVE CO AT END OF YEAR - BLOOMBERG REPORTER TWEET.  Full Article

JP Morgan raises potential stake in Telecom Italia to 5.696 pct - filings
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Telecom Italia SpA ::Jp Morgan had potential stake in Telecom Italia of 5.696 percent as of April 2 from previous 4.858 percent voting rights 1.197 percent - market regulator Consob filings.  Full Article

Italy struggles to clinch deal for single broadband network: sources

ROME The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia and state-controlled utility Enel over plans to create a single ultrafast broadband network, three sources told Reuters.