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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)

Tim will close deal with Kkr even if one on single network doesn't happen-CEO
Wednesday, 5 Aug 2020 

Aug 5 (Reuters) - TIM CEO tells analysts' conference call after Q2 results::TIM CEO SAYS WE CAN'T GUARANTEE THERE'LL BE A DEAL ON SINGLE NETWORK BUT LET'S TRY AND GET AN MOU ON PRINCIPLES AND TIMING.TIM CEO SAYS SINGLE NETWORK IS BEST THING, CO-INVESTMENT IS A DISTANT SECOND OPTION.TIM CEO SAYS IT WOULD BE GREAT IDEA IF A VODAFONE OR A WIND WOULD APPROACH SINGLE NETWORK IDEA AND LOOK AT ITS BENEFITS.TELECOM ITALIA CEO SAYS OUR FIRST INTEREST IS TO PRESERVE COMPANY VALUE.TIM CEO SAYS WILL CLOSE DEAL WITH KKR ANYWAY EVEN IF BROADER DEAL WITH OPEN FIBER ON SINGLE NETWORK DOESN'T HAPPEN.  Full Article

TIM CEO says any single network deal would have to include TIM's entire fibre network
Wednesday, 5 Aug 2020 

Aug 5 (Reuters) - Telecom Italia CEO Luigi Gubitosi tells analysts' conference call::DOES NOT NEED, IS NOT THINKING OF ANY EQUITY ISSUANCE.ANY SINGLE NETWORK DEAL WOULD HAVE TO INCLUDE TIM'S ENTIRE FIBRE NETWORK FROM CENTRAL UNITS TO PEOPLE'S HOMES.  Full Article

Tim glad about government's commitment to single unified network plan - CEO
Wednesday, 5 Aug 2020 

Aug 5 (Reuters) - Telecom Italia CEO Luigi Gubitosi tells analysts' conference call after Q2 results:KKR BINDING OFFER WAS DESIGNED TO BE THE FIRST STEP OF SINGLE UNIFIED NETWORK, GLAD TO RECEIVE GOVERNMENT COMMITMENT ON THE PROJECT.BROADER SINGLE NETWORK PROJECT WAS ALREADY PART OF OUR PLANS.  Full Article

Telecom Italia Says KKR Infrastructures Offer For Share Of Fibercop To Be Submitted To Board Meeting On Aug 4
Friday, 31 Jul 2020 

July 30 (Reuters) - Telecom Italia ::TIM: KKR INFRASTRUCTURES OFFER FOR A SHARE OF FIBERCOP TO BE SUBMITTED TO BOARD OF DIRECTORS MEETING ON 4 AUGUST.COMPANY WILL PROVIDE DETAILS OF POTENTIAL TRANSACTION FOLLOWING DECISIONS OF BOARD OF DIRECTORS.  Full Article

Telecom Italia Updates On Potential Acquisition Of Ois Mobile Assets In Brazil
Thursday, 16 Jul 2020 

July 15 (Reuters) - Telecom Italia SpA ::TELECOM ITALIA - TIM S.P.A.: UPDATE ON POTENTIAL ACQUISITION OF OIS MOBILE ASSETS IN BRAZIL.TELECOM ITALIA - TIM'S BOARD OF DIRECTORS MET CHAIRED BY SALVATORE ROSSI FOR AN UPDATE ON POTENTIAL ACQUISITION OF OI'S MOBILE ASSETS IN BRAZIL.TELECOM ITALIA-BOARD HAS GRANTED TIM CEO FULL POWERS TO EXAMINE, APPROVE FINAL TERMS OF BINDING OFFER TO BE SUBMITTED BY GROUP'S BRAZILIAN SUBSIDIARY.  Full Article

Italy's TIM sells INWIT stakes for 1.6 bln euros
Wednesday, 24 Jun 2020 

June 24 (Reuters) - Telecom Italia says::IT HAS AGREED TO SELL A PART OF ITS HOLDING IN MOBILE TOWER GROUP INWIT TO ARDIAN-LED CONSORTIUM.IT HAS AGREED TO SELL A DIRECT STAKE OF UP TO 3% IN INWIT TO CANSON CAPITAL PARTNERS VEHICLE.ARDIAN-LED CONSORTIUM WILL OWN 49% OF TIM'S HOLDING IN INWIT.DEALS ARE BASED ON INWIT SHARE PRICE OF 9.47 EUROS.TO CASH IN 1.6 BILLION EUROS FROM SALE OF INWIT STAKES.  Full Article

Sky Italy unit says mobile services not in its plans
Tuesday, 16 Jun 2020 

June 16 (Reuters) - The head of Sky's Italian unit Maximo Ibarra says: :COMCAST'S SKY HAS INVESTED 230 MILLION EUROS TO LAUNCH BROADBAND SERVICE IN ITALY .COMCAST'S SKY HAS SIGNED DEAL WITH SWISSCOM'S FASTWEB TO PROVIDE BROADBAND SERVICES TO CLIENTS IN AREAS NOT YET COVERED BY OPEN FIBER .M&A ACTIVITY IS NOT IN THEIR PLANS.MOBILE SERVICES NOT IN CO'S PLANS.THINKS LONG TERM DEVELOPMENT PLANS FOR OPEN FIBER WILL REMAIN UNCHANGED REGARDLESS OF ITS INVESTORS.CO NEEDS REQUEST FROM SOCCER LEAGUE TO BE ABLE TO BROADCAST REMAINING SERIE A MATCHES IN FREE-TO-AIR, CO OPEN TO DO SO.SINGLE WHOLESALE BROADBAND NETWORK BEST OPTION FOR ITALY, MUST NOT BE CONTROLLED BY VERTICALLY-INTEGRATED PLAYER.  Full Article

Enel says received offer for up to 50% in Open Fiber from Macquarie
Tuesday, 16 Jun 2020 

June 16 (Reuters) - Enel says: :ITS BOARD RECEIVED ON JUNE 10 NON-BINDING OFFER FROM MACQUARIE INFRASTRUCTURE REAL ASSET TO BUY 50% STAKE IN OPEN FIBER.ENEL SAYS BOARD ACKNOWLEDGED OFFER RECEIVED, WAITING FOR LATER UPDATE.ENEL SAYS OFFER FROM MACQUARIE INFRASTRUCTURE REAL ASSET IS FOR ALL OR PART OF ITS 50% STAKE IN OPEN FIBER.  Full Article

BRIEF-Intesa Sanpaolo Signs MoU With Tim And Google Cloud For Bank's Digitalization
Thursday, 21 May 2020 

Repeats for wider distribution.:SIGNS MOU WITH TIM AND GOOGLE CLOUD TO ACCELERATE BANK'S DIGITALIZATION AND PROMOTE INNOVATION IN ITALY.PROJECT ENTAILS OPENING OF A CENTER DEDICATED TO ARTIFICIAL INTELLIGENCE, TRAINING AND PROFESSIONAL SUPPORT FOR STARTUPS.  Full Article

Telecom Italia CEO upbeat on dividend if deleveraging continues
Tuesday, 19 May 2020 

May 19 (Reuters) - Telecom Italia CEO says::IF DELEVERAGING GOALS ACHIEVED WOULD EXPECT AT LEAST THE SAME DIVIDEND TO BE CONFIRMED GOING FORWARD.EXPECTS TO COMPLETE LAST-MILE NETWORK TRANSACTION WITH KKR BY THE SUMMER.  Full Article

UPDATE 2-TIM will stick to grid stake sale even if single network merger fails

* TIM CEO says will stick to KKR plans if wider deal fails (Recasts, updates with TIM CEO conference call comments)