(Alliance News) - Shares of Telecom Italia Spa rose sharply on the stock market yesterday, boosted by the results of the first nine months and the prospects of a return to the dividend suspended from 2020, daily la Repubblica wrote Friday.

CEO Pietro Labriola confirmed that the possibility of remunerating shareholders will be evaluated in February 2025, at the time of the 2025-2027 plan, but stressed that any extraordinary receipts could advance the timing as early as the next plan.

Prominent among the expected extraordinary receipts are the EUR250.0 million from the sale of Inwit Spa by November, possible developments on the EUR1.00 billion fee reimbursement lawsuit against the MEF in December, and the EUR700.0 million from the non-binding offer on Sparkle, promoted by the MEF and Retelit, expected in early 2025.

In addition, Labriola said he was confident about earn-outs related to the sale of the network to Kkr, which could generate an additional EUR2.40 billion.

At the same time, Open Fiber received EUR660.0 million in support over three years for white area rebalancing, thanks to an amendment approved yesterday.

On the corporate front, shareholders of TIM's savings shares have requested a meeting with management to explore options such as a partial takeover bid or a buy-back, while Vivendi awaits the outcome of its appeal against the resolution to sell the network, with the Court of Milan set to rule within 60 days.

By Antonio Di Giorgio, Alliance News reporter

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