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    TIT   IT0003497168

TELECOM ITALIA S.P.A.

(TIT)
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Delayed Borsa Italiana  -  05/20 11:35:23 am EDT
0.2722 EUR   -0.22%
05/20Italy's TIM, CDP eye preliminary deal on single network, sources say
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TIM signs network-sharing deal with Open Fiber to speed up rollout

05/13/2022 | 12:55pm EDT
FILE PHOTO: The Tim logo is seen at its headquarters

MILAN (Reuters) - Telecom Italia (TIM) has signed a commercial agreement with Open Fiber to provide the rival broadband network company with access to its infrastructure to speed up the rollout of fibre in the more remote parts of Italy, the companies said on Friday.

Under the deal Open Fiber will pay 200 million euros ($208 million) to use TIM's network infrastructure in the hard-to-reach so-called 'white areas'.

The commercial tie-up comes at a time when TIM and Open Fiber's top investor, state lender CDP - which also has a 10% stake in TIM - are in talks to clinch a preliminary agreement to merge the former phone monopoly's network infrastructure with those of state backed rival. ($1 = 0.9605 euros)

(Reporting by Elvira Pollina and Maria Pia Quaglia, editing by Keith Weir)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACCESS HOLDINGS PLC -0.51% 9.85 End-of-day quote.5.91%
INVESTOR AB (PUBL) 1.69% 192.7 Delayed Quote.-19.24%
TELECOM ITALIA S.P.A. -0.22% 0.2722 Delayed Quote.-37.31%
All news about TELECOM ITALIA S.P.A.
05/20Italy's TIM, CDP eye preliminary deal on single network, sources say
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05/19Elon Musk to meet with Brazil's Bolsonaro, says report
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05/16European ADRs Move Higher in Monday Trading
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05/16TIM clears first hurdle in securing state guarantees for $3.1 billion loan - sources
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05/13TIM signs network-sharing deal with Open Fiber to speed up rollout
RE
05/10Italy's TIM on track to secure state-backed credit line - sources
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05/09KKR Asks For Guarantees In Telecom Italia's Network Assets Merger Plan
MT
05/09KKR's doubts complicate TIM's single-network talks with CDP, sources say
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05/06Telecom Italia Announces the Appointment of Elio Schiavo as Chief Enterprise and Innova..
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Analyst Recommendations on TELECOM ITALIA S.P.A.
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Financials
Sales 2022 15 614 M 16 472 M 16 472 M
Net income 2022 131 M 138 M 138 M
Net Debt 2022 23 196 M 24 471 M 24 471 M
P/E ratio 2022 -55,4x
Yield 2022 1,81%
Capitalization 5 697 M 6 011 M 6 011 M
EV / Sales 2022 1,85x
EV / Sales 2023 1,80x
Nbr of Employees 51 893
Free-Float 77,0%
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Technical analysis trends TELECOM ITALIA S.P.A.
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 0,27 €
Average target price 0,34 €
Spread / Average Target 23,5%
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Managers and Directors
Pietro Labriola Chief Executive Officer & Director
Adrián Calaza Chief Financial Officer
Salvatore Rossi Chairman
Michele Gamberini Chief Technology & Information Officer
Stefano Siragusa Chief Revenue, Information & Media Office
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