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Telecom Italia SpA (TLITn.MI)

TLITn.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Fitch cuts Telecom Italia's debt rating to 'BB+'
Monday, 8 Apr 2019 

April 8 (Reuters) - Telecom Italia::FITCH DOWNGRADES RATING TO 'BB+' OUTLOOK STABLE.FITCH SAYS DOWNGRADE REFLECTS BREACH OF OUR FUNDS FROM OPERATIONS (FFO)-ADJUSTED NET LEVERAGE THRESHOLD FOR A 'BBB-' RATING.BREACH PRIMARILY DRIVEN BY SPECTRUM COSTS AND LOWER-THAN-EXPECTED FREE CASH FLOW GENERATION.TELECOM ITALIA'S FUNDS FROM OPERATIONS IN 2018 AROUND 10 PERCENT LOWER THAN EXPECTED.COMPETITIVE PRESSURES ON EBITDA, RESTRUCTURING COSTS AND NEGATIVE WORKING CAPITAL REQUIREMENTS LIKELY TO CONSTRAIN TELECOM ITALIA'S DELEVERAGING CAPACITY IN NEXT 2-3 YRS.  Full Article

Elliott Welcomes Vivendi's Withdrawal Of Request To Revoke Five Of Telecom Italia's Directors
Friday, 29 Mar 2019 

March 29 (Reuters) - Elliott Advisors (UK) Limited::ELLIOTT STATEMENT ON TELECOM ITALIA.WELCOMES VIVENDI'S DECISION TO WITHDRAW REQUEST TO SHAREHOLDERS TO REVOKE 5 OF TELECOM ITALIA'S DIRECTORS.SAYS REMAINS FULLY SUPPORTIVE OF TELECOM ITALIA CEO LUIGI GUBITOSI, CO'S MANAGEMENT TEAM AND EXISTING INDEPENDENT BOARD.LOOKS FORWARD TO "CONSTRUCTIVE DIALOGUE" WITH ALL STAKEHOLDERS TO PURSUE A "VALUE MAXIMISING PATH FORWARD" FOR TELECOM ITALIA.  Full Article

JP Morgan held 4.858 pct potential stake in T. Italia as of March 13 - filing
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Telecom Italia::JP MORGAN HELD 4.858 PERCENT STAKE IN TELECOM ITALIA AS OF MARCH 13, WITH VOTING RIGHTS FOR 0.381 PERCENT - FILING.  Full Article

Cassa Depositi E Prestiti S.P.A. Reports 8.7 Percent Stake In Telecom Italia
Saturday, 9 Mar 2019 

March 8 (Reuters) - Telecom Italia SpA ::CASSA DEPOSITI E PRESTITI S.P.A. REPORTS 8.7 PERCENT STAKE IN TELECOM ITALIA AS OF MARCH 7, 2019 - SEC FILING.CASSA DEPOSITI E PRESTITI S.P.A. - HAD PREVIOUSLY REPORTED 7.1 PERCENT STAKE IN TELECOM ITALIA AS OF FEBRUARY 18, 2019.  Full Article

Telecom Italia says to start talks with CDP, Enel on fiber network integration

MILAN Telecom Italia said on Thursday it had signed a non-disclosure agreement with state lender CDP and utility Enel aimed at kicking off talks on ways of integrating its fiber optic network with that of smaller rival Open Fiber.