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Telecom Italia SpA (TLITn.MI)

TLITn.MI on Milan Stock Exchange

0.41EUR
16 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Telecom Italia CEO says any Open Fiber deal should not jeopardise debt reduction plan
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Telecom Italia CEO Luigi Gubitosi says during first half results conference call :A DEAL WITH OPEN FIBER IS NOT AN OBJECTIVE PER SE, WE WOULD NOT DO A DEAL THAT WOULD JEOPARDISE OUR DELEVERAGING PLAN.SAYS HAS UNANIMOUS SUPPORT OF BOARD IN OPEN FIBER NEGOTIATIONS.SAYS DEALS LIKE OPEN FIBER DEAL "TAKE SOME TIME TO MATERIALIZE".SAYS COMPANY IS AHEAD OF SCHEDULE ON DEBT REDUCTION, WE'RE ON THE RIGHT TRACK AND CAN DO BETTER.  Full Article

TIM, Vodafone Sign Agreements For 5G Network Sharing Partnership
Friday, 26 Jul 2019 

July 26 (Reuters) - Telecom Italia SpA ::AGREEMENT WITH VODAFONE TO SHARE MOBILE NETWORK.TIM AND VODAFONE SIGN AGREEMENTS FOR ACTIVE NETWORK SHARING PARTNERSHIP FOR 5G.VODAFONE AND TIM EXPECT TO BENEFIT FROM SYNERGIES WORTH OVER 800MLN EACH OVER NEXT 10 YEARS.TO COMBINE WITH VODAFONE PASSIVE NETWORKS WITHIN INWIT, CREATING ITALY'S BIGGEST TOWER COMPANY.TIM AND VODAFONE WILL JOINTLY CONTROL NEW INWIT WITH EQUAL STAKES OF 37.5% EACH.TIM AND VODAFONE WILL HAVE OPTION OF REDUCING STAKES DOWN TO 25%.TRANSACTION WILL ALLOW TIM TO CUT DEBT BY MORE THAN €1.4BLN OVER TIME.VODAFONE WILL USE THE PROCEEDS FROM THE TRANSACTION TO REDUCE DEBT.EXPECTED ANNUAL €200MLN IMPROVEMENT IN NEW INWIT'S EBITDA BY 2026 THROUGH SYNERGIES.  Full Article

INWIT Sees 2026 Revenues Of Over EUR 1 Bln After TIM-Vodafone 5G Deal
Friday, 26 Jul 2019 

July 26 (Reuters) - Inwit ::TOTAL REVENUES EXPECTED TO EXCEED €1 BILLION IN 2026 FOLLOWING TIM-VODAFONE 5G DEAL.EXPECTS ITS RECURRING FREE CASH FLOW TO EXCEED €600 MILLION BY 2026.  Full Article

Gedi SpA: Sale Of Stake In Persidera Involves €74.5 Mln Payment To Gedi
Wednesday, 5 Jun 2019 

June 5 (Reuters) - GEDI Gruppo Editoriale SpA ::SAYS AGREEMENT FOR SALE OF STAKE IN PERSIDERA INVOLVES PAYMENT OF € 74.5 MILLION TO GEDI.SAYS TRANSACTION ENTAILS DIVISION OF PERSIDERA INTO TWO ENTITIES: MUXCO AND NETCO.SALE OF EQUITY INVESTMENT,WILL LEAD TO A REDUCTION IN THE GROUP’S NET FINANCIAL DEBT OF € 74.5 MILLION.TRANSACTION WILL RESULT IN CAPITAL LOSSES OF € 16.9 MILLION.  Full Article

Telecom Italia CEO Says Hopes To Give More Color on Possible Tie-Up with Open Fiber In Q2
Tuesday, 21 May 2019 

May 21 (Reuters) - Telecom Italia SpA CEO Luigi Gubitosi tells analysts on a post-results conference call::TELECOM ITALIA CEO SAYS GROUP HAS ACCEPTED BINDING OFFER FOR PERSIDERA UNIT.TELECOM ITALIA CEO SAYS COMPLETED INDUSTRIAL ASSESSMENT ON OPEN FIBER TIE UP.TELECOM ITALIA CEO SAYS TIM'S BOARD IS UNITED ON OPEN FIBER, EXPECTS BOARD TO EXAMINE OPTIONS BY THE SUMMER AND THEN MOVE FORWARD.TELECOM ITALIA CEO SAYS BUILDING OVERLAPPING NETWORKS ALONGSIDE OPEN FIBER DOES NOT MAKE SENSE.TELECOM ITALIA CEO SAYS A STANDALONE OPEN FIBER MAKES LIMITED SENSE, TIE-UP WITH TIM WOULD BE MAJOR OPTIMISATION IN CAPEX.TELECOM ITALIA CEO SAYS TO DISCUSS ASSUMPTION AND VALUATION OVER TIE-UP WITH OPEN FIBER WITH SHAREHOLDERS, HOPES TO GIVE MORE COLOR IN Q2.  Full Article

INWIT to sign binding deal with Vodafone over masts by end-summer-CEO
Wednesday, 15 May 2019 

May 15 (Reuters) - Inwwit Ceo Giovanni Ferigo said::ITALY INWIT TO SIGN BINDING DEAL WITH VODAFONE OVER MASTS BY END-SUMMER - CEO FERIGO.  Full Article

Italy's F2i aims to agree purchase of Persidera by end-month
Wednesday, 15 May 2019 

May 15 (Reuters) - Telecom Italia SpA ::CEO OF ITALY INFRASTRUCTURE FUND F2I SAYS HOPE TO STRIKE DEAL ON ACQUISITION OF TELECOM ITALIA'S BROADCASTING UNIT PERSIDERA BY END OF MONTH.  Full Article

Vivendi Calls For Independent Board After Telecom Italia Audit Report
Monday, 11 Mar 2019 

March 11 (Reuters) - VIVENDI SA ::SAID ON FRIDAY IT IS EXTREMELY CONCERNED ABOUT THE OUTCOME OF THE TELECOM ITALIA <<>> STATUTORY AUDITORS REPORT CONFIRMING SERIOUS IRREGULARITIES TO GOVERNANCE OF COMPANY .REPORT REVEALS CHAIRMAN OF TIM BOARD VIOLATED CORPORATE LAWS AS WELL AS BASIC GOVERNANCE RULES .REPORT CONFIRMS EXISTENCE OF A "SHADOW BOARD OF DIRECTORS" COMPRISED OF ONLY ELLIOTT-NOMINATED BOARD MEMBERS.REPORT SAYS "SHADOW BOARD OF DIRECTORS" WAS ASSISTED FOR THE OCCASION BY LEGAL ADVISORS HAVING PREVIOUS ADVISED ELLIOTT.CO SAYS THE FACTS DESCRIBED IN THE REPORT SHOW A DISSEMINATION OF PRIVILEGED INFORMATION TO THIRD PARTIES PRIOR TO A BOARD MEETING.CO CONFIRMS BELIEF THAT TIM SHAREHOLDERS MUST PUT IN PLACE A TRULY INDEPENDENT BOARD AT MARCH 29 MEETING.  Full Article

Italy's INWIT sees strong growth in new businesses this year
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Infrastrutture Wireless Italiane SpA (INWIT) says::2018 REVENUES 378.5 MILLION EUROS.FY EBITDA 215.4 MILLION EUROS, EBITDA MARGIN 56.9 PERCENT.FY NET PROFIT 140.8 MILLION EUROS FROM 126.7 MILLION EUROS A YEAR AGO .TO PAY 2018 DIVIDEND OF 0.211 EUROS PER SHARE.EXPECTS FURTHER GROWTH IN TRADITIONAL BUSINESS AREAS THIS YEAR, STRONG ACCELERATION IN NEW BUSINESSES.  Full Article

Elliott Associates - Believe Securities Of Telecom Italia Are Undervalued, Represent Attractive Investment Opportunity
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Elliott Associates: :ELLIOTT ASSOCIATES - BELIEVE THE SECURITIES OF TELECOM ITALIA ARE UNDERVALUED AND REPRESENT AN ATTRACTIVE INVESTMENT OPPORTUNITY - SEC FILING.ELLIOTT HAS INCREASED STAKE IN TELECOM ITALIA TO 9.4 PERCENT FROM 8.8 PERCENT - SEC FILING.ELLIOTT ASSOCIATES-AS OF JAN 30, 2019 ELLIOTT, ELLIOTT INTERNATIONAL,EICA HAVE BENEFICIAL OWNERSHIP OF ABOUT 9.4% OF TELECOM ITALIA'S ORDINARY SHARES.ELLIOTT ASSOCIATES-HAVE INCREASED THEIR BENEFICIAL OWNERSHIP OF TELECOM ITALIA FROM THEIR LAST REPORTED 13D FILING ON APRIL 9, 2018 FROM 8.8% TO 9.4%.  Full Article

Italy - Factors to watch on Aug. 9

The following factors could affect Italian markets on Friday.