Telecom Italia S.p.A. (BIT: TIT)

Italy flag Italy · Delayed Price · Currency is EUR
0.225
-0.001 (-0.35%)
Nov 8, 2024, 2:12 PM CET
-9.87%
Market Cap 4.99B
Revenue (ttm) 16.50B
Net Income (ttm) -1.27B
Shares Out 21.25B
EPS (ttm) -0.06
PE Ratio n/a
Forward PE 32.21
Dividend n/a
Ex-Dividend Date n/a
Volume 50,953,033
Open 0.226
Previous Close 0.226
Day's Range 0.223 - 0.226
52-Week Range 0.198 - 0.309
Beta 1.01
Analysts n/a
Price Target n/a
Earnings Date Nov 13, 2024

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers. The... [Read more]

Founded 1908
Employees 47,149
Stock Exchange Borsa Italiana
Ticker Symbol TIT
Full Company Profile

Financial Performance

In 2023, Telecom Italia's revenue was 16.30 billion, an increase of 3.22% compared to the previous year's 15.79 billion. Losses were -1.44 billion, -50.74% less than in 2022.

Financial Statements

News

Telecom Italia CEO Says He’s Committed to Role, Won’t Resign

Telecom Italia SpA Chief Executive Officer Pietro Labriola said he is committed to seeing through the phone carrier’s turnaround plan after he slashed its debt load in a landmark deal to sell its netw...

2 days ago - BNN Bloomberg

Police raid office of Telecom Italia executive in private corruption case

Italy's finance police have searched the office of Telecom Italia's chief of procurement as part of an investigation into alleged private corruption, according to a search warrant seen by Reuters on W...

16 days ago - Reuters

Davide Leone Buys About 10% of Telecom Italia Saving Shares

Davide Leone & Partners bought about 10% of Telecom Italia SpA saving shares, according to the investment firm.

7 weeks ago - BNN Bloomberg

Investors Mull Bid for Vivendi’s Telecom Italia Stake: Corriere

A consortium of investors is mulling the potential purchase of Vivendi’s stake in Telecom Italia, Corriere della Sera reported on Saturday, citing sources it didn’t identify.

2 months ago - BNN Bloomberg

Telecom Italia to Get €250 Million in Inwit Stake Sale to Ardian

Telecom Italia SpA sold its remaining stake in mobile tower operator Infrastrutture Wireless Italiane SpA, picking up the pace in its drive to de-leverage and boosting cash flow beyond its full-year g...

3 months ago - BNN Bloomberg

Telecom Italia S.p.A. (TIIAY) Q2 2024 Earnings Call Transcript

Telecom Italia S.p.A. (OTCPK:TIIAY) Q2 2024 Earnings Conference Call August 1, 2024 5:00 AM ET Company Participants Pietro Labriola - Chief Executive Officer Adrian Calaza - Chief Financial Officer An...

3 months ago - Seeking Alpha

Italy Data Centre Landscape Report 2024-2027, Featuring Aruba Cloud, DATA4 Group, Stack EMEA (SuperNAP) and Telecom Italia Rome (Acilia)

Dublin, July 15, 2024 (GLOBE NEWSWIRE) -- The "Italy: Data Centre Landscape - 2024 to 2027" report has been added to ResearchAndMarkets.com's offering.

4 months ago - GlobeNewsWire

Explainer: What next for Telecom Italia after network sale to KKR?

Telecom Italia (TIM) will finalise on July 1 the landmark sale of its fixed-line domestic access network to U.S. fund KKR , a deal that makes it the first phone incumbent in a major European country t...

4 months ago - Reuters

Telecom Italia to finalise network sale to KKR on July 1

Telecom Italia (TIM) will finalise the landmark sale of its domestic fixed line access network to KKR on July 1, the Italian company said on Monday.

4 months ago - Reuters

Brazil's TIM may benefit from Telecom Italia's network sale

The chief executive of TIM Brasil , Alberto Griselli, said on Thursday that its parent company Telecom Italia's agreement to sell its physical network could provide an additional boost for its busines...

5 months ago - Reuters

Moody's lifts Telecom Italia rating with network sale in sight

Moody's on Wednesday raised Telecom Italia's credit rating by one notch to Ba3 and maintained a positive outlook as the debt-laden telecoms company nears the completion of the sale of its fixed-line a...

5 months ago - Reuters

KKR's $23 Billion Acquisition of Telecom Italia's Broadband Network Receives EU Approval

Unconditional approval from the EU means that the deal can go ahead without KKR or Telecom Italia having to make so-called remedies or commitments.

5 months ago - WSJ

EU clears KKR's $24 bln Telecom Italia fixed-line network deal

EU antitrust regulators gave unconditional approval on Thursday to U.S. investment firm KKR's 22-billion-euro ($24 billion) acquisition of Telecom Italia's (TIM) fixed-line network.

5 months ago - Reuters

Telecom Italia Backs Outlook After Earnings Rise

Telecom Italia maintained its financial targets for the year after reporting higher first-quarter revenue and earnings.

5 months ago - WSJ

Exclusive: KKR set for unconditional EU antitrust okay for Telecom Italia deal, sources say

U.S. investment firm KKR is expected to gain unconditional EU antitrust clearance to buy Telecom Italia's (TIM) fixed-line network after agreeing to keep commercial agreements with TIM rivals, people ...

6 months ago - Reuters

KKR remedies on Telecom Italia deal expected next week, source says

U.S. investment firm KKR will likely offer remedies next week in an attempt to secure EU antitrust approval to buy Telecom Italia's (TIM) fixed-line access network, a person familiar with the matter s...

6 months ago - Reuters

Exclusive: EU concerned about KKR, Telecom Italia deal impact on wholesale competition, sources say

European Union antitrust regulators are asking rivals and customers whether proposed acquisition of Telecom Italia's (TIM) fixed-line access network by U.S. investment firm KKR could hamper Italy's wh...

7 months ago - Reuters

Vivendi to abstain in Telecom Italia board renewal vote

Telecom Italia (TIM) top investor Vivendi has decided to abstain from voting for any slate of candidates for the board renewal at the former phone monopoly, the French media group said in a statement ...

7 months ago - Reuters

TIM investor Merlyn proposes plan to cut debt, have $7 bln in cash

Telecom Italia (TIM) would be left with 6.6 billion euros ($7 billion) in cash after repaying all of its debts, if it sold its Brazilian unit and its domestic consumer business, activist investor Merl...

7 months ago - Reuters

Telecom Italia CEO Labriola Sees Up to €5B Gain After Grid Sale

Telecom Italia Chief Executive Officer Pietro Labriola is confident that his network sale to the US private equity firm KKR will contribute as much as 5 billion euros in upside at the company. He spea...

7 months ago - Bloomberg Markets and Finance

Telecom Italia network sale only 'realistic' option, minister says

The sale of Telecom Italia's (TIM) network is the only "realistic" option for the group, as it grants the survival of the phone company, Italy's economy minister said on Tuesday.

7 months ago - Reuters

Telecom Italia Secures Finance Until Close of Network Sale

Telecom Italia has signed an agreement for roughly $1.6 billion in bridge financing to cover its needs until completion of a planned sale of its fixed-network unit.

7 months ago - WSJ

Italy to appeal against ruling it must pay 1 bln euros to Telecom Italia

The Italian government said it would appeal to the Supreme Court against a ruling on Wednesday that ordered it to return about 1 billion euros ($1.08 billion) to Telecom Italia (TIM).

7 months ago - Reuters

Telecom Italia says government to pay it 1 bln euros after court ruling

A Rome court has ruled in favour of Telecom Italia (TIM) in a 15-year dispute over the liberalisation of the telecoms sector, ordering the Italian government to return about 1 billion euros ($1.1 bill...

7 months ago - Reuters

Italy economy minister says up to the market to decide on Telecom Italia

Italian Economy Minister Giancarlo Giorgetti said on Wednesday it is now up to the market and not the government to decide on the future of former phone monopoly Telecom Italia (TIM).

8 months ago - Reuters