(Alliance News) - Telecom Italia Spa announced on Wednesday that it has moved the approval of its financial results for the period ending June 30, 2026, forward to July 29.

During the same meeting, the board of directors will also approve the 2026-2028 industrial plan, with an analyst conference call scheduled for the following day at 11:00 AM.

The board has also initiated the first tranche of the share buyback program authorized by the shareholders' meeting on April 15.

The initial phase of the plan involves the repurchase of up to 140 million TIM shares by the end of 2026, representing approximately 0.7% of the share capital. This corresponds to a value of roughly EUR100 million based on market prices as of May 26. The shares will be utilized for previously approved corporate incentive and remuneration schemes.

The total program authorized by shareholders allows for the purchase of up to 700 million shares with a maximum expenditure of EUR400 million.

TIM confirmed that the buyback will proceed in further tranches, in line with market guidance and the objective of distributing approximately 50% of the expected proceeds from the Sparkle disposal to shareholders, subject to the closing of the transaction.

TIM shares were trading down 0.5% at EUR0.72 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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