Telecom Italia S.p.A.

Equities

TIT

IT0003497168

Integrated Telecommunications Services

Market Closed - Borsa Italiana Other stock markets 11:44:59 2025-01-17 am EST			5-day change	1st Jan Change
0.2626 ^EUR	+1.12%		+3.06%	+6.49%

Jan. 17	Mib and Europeans in the green; Iveco leads the rises	AN
Jan. 16	Mib and Europeans in the green; Moncler on top	AN

TIM collects EUR250 million from sale of 10% of Inwit to Ardian

November 29, 2024 at 07:06 am EST

(Alliance News) - Telecom Italia Spa announced Friday that it had cashed in EUR250 million from the sale to Ardian of the remaining 10 percent in Inwit Spa.

The transaction, the signing of which had been disclosed to the market on August 13, is based on a valuation of Inwit shares of EUR10.43 and, taking into account existing net debt at the Daphne 3 level, results in proceeds for TIM of approximately EUR250 million, which is not included in the organic guidance for net debt for 2024.

The transaction was completed in compliance with Antitrust and Golden Power regulations.

Telecom Italia's stock is at parity at EUR0.23 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Go to the original article.
Legal disclaimer

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	INWIT S.P.A.	10.06EUR	+1.51%	+4.41%	9.65B
	TELECOM ITALIA S.P.A.	0.2626EUR	+1.12%	+3.06%	6.03B

Latest news about Telecom Italia S.p.A.

Mib and Europeans in the green; Iveco leads the rises	Jan. 17	AN
Mib and Europeans in the green; Moncler on top	Jan. 16	AN
European stock exchanges in the green; Moncler leads the Mib.	Jan. 16	AN
Stock exchanges expected in positive territory from futures	Jan. 16	AN
Sparkle divestment under consideration by TIM board of directors	Jan. 16	AN
Indices up after US data; Iveco leads the rises	Jan. 15	AN
Milan stock market strengthens, wait for US inflation, down Saipem, Nexi, Iveco runs	Jan. 15	RE
Mib rises and hooks 35,300 points; Iveco tops	Jan. 15	AN
Mib advances over 35,200; Iveco acts as locomotive	Jan. 15	AN
No to Vivendi, KKR may take over Telecom network	Jan. 14	AN
Vivendi appeal on court decision to sell NetCo to KKR	Jan. 14	AN
Vivendi to Appeal Italian Court's Dismissal of Complaint Against Telecom Italia's Network Sale	Jan. 14	MT
Milan stock exchange confirms rebound with banks, Pirelli, Tim, down Nexi	Jan. 14	RE
Vivendi: appeals against Milan court ruling	Jan. 14	CF
Court of Milan agrees with TIM on sale of network to KKR	Jan. 14	AN
Italian court rejects Vivendi claim against Telecom Italia's grid sale	Jan. 14	RE
Italian Court Decision Imminent in Vivendi's Challenge to Telecom Italia's Grid Sale	Jan. 13	MT
Italian court to decide soon over Vivendi appeal against TIM's grid sale	Jan. 13	RE
Milan stock exchange, week starts down with tech, industrials, oil good, Tim	Jan. 13	RE
Hedge funds, activist funds return to Italy	Jan. 13	AN
TIM's Labriola flies to London to meet with investors	Jan. 10	AN
Declines expected in Europe as trading begins	Jan. 08	AN
TIM accelerates on transfer of Sparkle network control to the state	Jan. 07	AN
Mib rises to 34,900; Fincantieri at annual high	Jan. 07	AN
How Elon Musk's Space X is looking to gain ground in Italy	Jan. 07	RE

Chart Telecom Italia S.p.A.

Duration

Period

TIT: Dynamic Chart

Company Profile

Telecom Italia S.p.A. is Italy's leading telecom operator. Net sales break down by activity as follows: - telecommunication services (91.8%): fixed telephony, mobile telephony, data transmission, Internet access, etc.; - manufacturing and sale of office and terminal equipment (8.2%; Olivetti): digital printing systems, fax and terminals (for games, electronic voting, etc.). Net sales are distributed geographically as follows: Italy (72.9%) and Brazil (27.1%).

Employees

26,899

Sector

Integrated Telecommunications Services

Calendar

2025-02-11 - Q4 2024 Earnings Release

More about the company