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Telecom Italia SpA (TLITn.MI)

TLITn.MI on Milan Stock Exchange

0.48EUR
18 Jul 2019
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Latest Key Developments (Source: Significant Developments)

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

Elliott says Vivendi's request on Telecom Italia is latest bid to take control
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Investment company and Telecom Italia shareholder Elliott says::VIVENDI’S REQUEST FOR TELECOM ITALIA BOARD REPLACEMENT REPRESENTS ITS LATEST EFFORT TO TAKE BACK CONTROL OF TELECOM ITALIA AND RUN THE COMPANY FOR ITS OWN BENEFIT.TELECOM ITALIA SHAREHOLDERS SHOULD NOT TURN THE COMPANY BACK OVER TO VIVENDI, SHOULD INSTEAD GIVE NEW INDEPENDENT BOARD AND NEW CEO TIME TO EXECUTE STRATEGY, CREATE VALUE.  Full Article

TIM Board Accepts Request Of Shareholder Vivendi To Call Shareholders' Meeting
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Telecom Italia ::BOARD APPROVES REQUEST OF SHAREHOLDER VIVENDI TO CALL SHAREHOLDERS' MEETING.CONSEQUENT INCLUSION OF TOPICS REQUESTED TO BE DEALT WITH IN COMBINED MEETING TO BE HELD ON 29 MARCH.SHAREHOLDERS' MEETING TO BE HELD ON 29 MARCH IS ALSO CALLED, SIMULTANEOUSLY, TO REVIEW OF FY 2018 FINANCIAL STATEMENTS.'OBVIOUS' NON-AVAILABILITY AT PRESENT OF FY RESULTS REQUIRES TO RESERVE RIGHT TO ADD TOPIC OF DIVIDEND AT LATER DATE.REVIEW OF DRAFT FINANCIAL STATEMENTS HAS BEEN BROUGHT FORWARD FROM 26 FEB TO 21 FEB.  Full Article

Telecom Italia CEO Gubitosi Has Bought 330,000 Shares
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Telecom Italia SpA ::CEO LUIGI GUBITOSI BOUGHT ON DEC. 21 330,000 SHARES AT THE AVERAGE PRICE OF 0.505 /SHR.  Full Article

Telecom Italia SpA News

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Telecom Italia considering sale of assets worth 2 billion euros: paper

MILAN Italy's largest phone company, Telecom Italia , is considering a plan to sell assets worth around 2 billion euros ($2.2 billion), including a stake in its separately listed INWIT towers unit, La Repubblica daily said on Wednesday.

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