View ValuationTelecom Italia 향후 성장Future 기준 점검 2/6Telecom Italia (는) 각각 연간 19.6% 및 2.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 24.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 5.1% 로 예상됩니다.핵심 정보19.6%이익 성장률24.12%EPS 성장률Telecom 이익 성장21.5%매출 성장률2.4%향후 자기자본이익률5.05%애널리스트 커버리지Good마지막 업데이트06 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공지 • Jan 16Vivendi Intends to Appeal the Milan Court’s Decision About the Sale of TIM’s Fixed NetworkVivendi takes note of the Milan court’s decision to reject its complaint against the decision of TIM’s Board of Directors concerning the sale of its fixed network. In a decision issued, the court considered this request inadmissible due to a lack of standing (notably because Vivendi would not have declared its voting intention in the event of a Shareholders' meeting being convened), and did not address the merits of the case. As a reminder, on December 15, 2023, Vivendi complaint against TIM before the Milan court, seeking the annulment of the resolution adopted by TIM’s Board of Directors November 5, 2023, approving the sale of its fixed network without submitting it to the Shareholders' meeting (nor to the related party transaction procedure), and requesting the declaration that the transaction agreement entered into on November 6, 2023, is unenforceable. Despite the dismissal of its request on purely formal grounds by the Milan court, Vivendi continues to believe that the sale of TIM’s network should have been subject to a vote at a Shareholders Meeting as it is an essential asset of the company which would change the corporate purpose of TIM. For this reason, Vivendi intends to appeal this decision.공지 • Dec 17CVC Reportedly in Talks to Buy Vivendi's Stake in Telecom ItaliaCVC Capital Partners plc (ENXTAM:CVC) is exploring a potential purchase of Vivendi SE (ENXTPA:VIV)’s stake in Telecom Italia S.p.A. (BIT:TIT), people with knowledge of the matter said, which could pave the way for a takeover of Italy’s biggest telecommunications company. The private equity firm has been holding preliminary talks with Vivendi about buying its 24% holding in the Italian carrier’s common shares, the people said, asking not to be identified because the information is private. The stake is currently valued at about €1 billion ($1.05 billion), according to data compiled by Bloomberg.공지 • Oct 01Telecom Italia S.p.A. to Report Fiscal Year 2024 Final Results on Mar 05, 2025Telecom Italia S.p.A. announced that they will report fiscal year 2024 final results on Mar 05, 2025공지 • Aug 13A consortium lead by Ardian reached an agreement to acquire 10% stake in Infrastrutture Wireless Italiane S.p.A. (BIT:INW) from Telecom Italia S.p.A. (BIT:TIT) for approximately €250 million.A consortium lead by Ardian reached an agreement to acquire 10% stake in Infrastrutture Wireless Italiane S.p.A. (BIT:INW) from Telecom Italia S.p.A. (BIT:TIT) for approximately €250 million on August 13, 2024. The agreement is based on a valuation of INWIT share price of €10.43 and corresponds to proceeds to TIM, not included in the 2024 guidance, of approximately €250 million, taking into account the existing net debt. Terms and conditions of the transaction are in line with the practice of public M&A deals of comparable nature, including certain customary protections applicable after signing. The closing of the transaction is subject to certain conditions and is expected to take place in the 4th quarter of 2024.공지 • Jun 26Telecom Italia S.p.A. to Report Q2, 2024 Results on Sep 26, 2024Telecom Italia S.p.A. announced that they will report Q2, 2024 results on Sep 26, 2024공지 • Apr 17Telecom Italia Announces Board ChangesTelecom Italia (TIM) announced that Alessandro Pansa has been appointed chairman of its international services arm Sparkle, taking over from Elisabetta Romano.공지 • Mar 21Telecom Italia Reportedly May Sell AssetsTelecom Italia S.p.A. (BIT:TIT), may sell assets worth about EUR 1 billion in a bid to further reduce its debt and potentially remunerate investors, a source familiar with the matter said. The phone carrier may dispose of its remaining stake in mobile tower operator Inwit, valued at about EUR 300 million, the source said, asking not to be named discussing private deliberations. That disposal would come in addition to the planned sale of the carrier's Telecom Italia Sparkle subsea unit, expected to come in at EUR 600 million - EUR 800 million. A deal for the Inwit holding is not imminent and could materialise as late as in 2026, the source added. A spokesperson for Telecom Italia declined to comment. The company said it will be able to meet its multi-year guidance even if its debt rises this year following the closure of a deal to sell off its fixed-line network - a move drawn up by the one-time monopoly in a bid to bring the debt under control. The newest disposal would help the former phone monopoly raise cash, which could then be used either to further cut debt or to remunerate shareholders. Telecom Italia's network sale - to US-based KKR & Co - was signed late last year, marking the first time a European phone carrier has opted to sell off its fixed-line grid. KKR last week confirmed that the deal is set to close in the summer. "Telecom Italia is expected to return to generating cash at group level, as well as in its domestic Italian market, thanks to our new three-year business plan," chief executive officer Pietro Labriola told Italian daily Corriere della Sera in an interview over the weekend. The eventual sale of Sparkle will also help accelerate plans to possibly remunerate shareholders, the CEO said.공지 • Dec 15Vivendi Reportedly to Consider Options for Stake in Telecom ItaliaVivendi SE (ENXTPA:VIV) is considering options for its €1.3 billion ($1.4 billion) stake in former phone monopoly Telecom Italia S.p.A. (BIT:TIT) as billionaire Vincent Bolloré explores a reorganization of the French conglomerate, people familiar with the matter said. The French company has spoken with advisers as it evaluates potential options including a sale of the 24% holding, according to the people, who asked not to be identified because the matter is confidential. Representatives for Vivendi and Telecom Italia declined to comment. A sale could be part of a broader overhaul at Vivendi, which said on December 13, 2023 it’s considering splitting into three parts — pay-TV business Canal+; advertising and communications branch Havas; and a holding company with listed and unlisted stakes in culture, media and entertainment. The announcement made no mention of Telecom Italia. For the Italian company, an exit by Vivendi could smooth the way for the €22 billion sale of its fixed-line phone network to KKR & Co. Inc. (NYSE:KKR). Vivendi, Telecom Italia’s biggest shareholder, wants to block the deal, and is finalizing legal action to halt it as soon as this week. Vivendi is set to contend that the deal doesn’t comply with Italian corporate law. Telecom Italia shares rose 5.6% to 0.263 cents at 4:46 p.m. in Milan, while Vivendi climbed 11% to €9.93, bolstered by news of the potential broader breakup.공지 • Dec 07KKR Requests Due Diligence Extension for Telecom Italia's Sparkle UnitKKR & Co. Inc. (NYSE:KKR) has requested that Telecom Italia S.p.A. (BIT:TIT), or TIM, should extend the due diligence period in relation to the Italian telecom group's subsea cable arm Sparkle until the end of January. The extension will allow the suitor to collect the necessary information before it can submit a final offer for the unit, TIM said on December 5, 2023. The Italian firm added that its board of directors will examine the request at their meeting on December 14, 2023. In November, TIM extended the deadline for receiving a higher offer for Sparkle until December 5, 2023. It previously turned down KKR's non-binding offer for the unit describing it as "unsatisfactory". TIM earlier agreed to sell its fixed network to KKR after approving its binding offer, valuing the business at EUR 18.8 billion (USD 20.34 billion) in enterprise terms.공지 • Dec 01KKR Reportedly Working on Bid for Telecom Italia's Submarine Cable UnitKohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) is working to present a new offer for Telecom Italia S.p.A. (BIT:TIT)’s submarine cable unit Sparkle as the U.S fund presses ahead with due diligence on the assets, three sources familiar with the matter said on November 30, 2023. The sale of Sparkle, the international wholesale cable unit of Telecom Italia (TIM) whose network extends over 600,000 km, is part of Chief Executive Officer Pietro Labriola's plan to part ways with the former phone monopoly's fixed network assets to cut its debt pile. At a meeting last week, TIM and KKR advisers discussed a valuation of around EUR 750 million – EUR 800 million, up from a previous non-binding offer of around EUR 600 million ($654 million), deemed as to low by TIM, according to the sources. The terms of any offer for Sparkle, including the valuation, need to be discussed with the Italian Treasury, which has teamed up with KKR to co-invest in Telecom Italia's fixed network assets, seen as strategic by the government, the sources said. KKR and TIM declined to comment. KKR has until December 5 to complete ongoing due diligence on Sparkle but the deadline could be extended, a fourth person briefed about the matter said. At this stage, a review of a potential offer for Sparkle at an ordinary TIM board meeting scheduled on December 14 is unlikely, the person added. TIM's agreed in November to sell its domestic fixed line grid to KKR in a deal worth up to EUR 22 billion, when including debts and some potential future payments.공지 • Nov 06Vivendi SE Opposes KKR Bid for Telecom Italia S.p.A. Fixed Line Network.On November 5, 2023, Telecom Italia S.p.A. announced that, it approved an offer by Kohlberg Kravis Roberts & Co. L.P.(KKR) for its fixed-line network. Further, the Company stated that its board had approved the deal, whose value could reach 22 billion euros, and which would reduce the debt by around 14 billion euros. As Vivendi SE, has opposed selling the network and valued it at 31 billion euros, saying KKR's previous bids were far too low. Further, Vivendi SE said it would use all legal means at its disposal to contest the Company’s illegal decision. it had previously threatened to launch legal action if the KKR offer was approved without being submitted to an extraordinary general assembly of shareholders, where Vivendi would carry considerable weight.공지 • Oct 31Telecom Italia Sticks to Network-Asset Sale Plan After Investor PushbackTelecom Italia S.p.A. (BIT:TIT) said preparatory activities for its decisions on Kohlberg Kravis Roberts & Co. L.P.'s (NYSE:KKR) offers for its network assets are continuing after investors pushed back against the plan and called for the removal of Chief Executive Pietro Labriola. The Italian telecommunications company confirmed over the weekend that it received communication from Merlyn Advisors and RN Capital Partner and that the document will be submitted to its board of directors, which will meet on Nov. 3, 2023. Merlyn Advisors and RN Capital Partner said in an open letter published October 27, 2023 that Telecom Italia should retain the whole network--including its Sparkle and FiberCop businesses--, as well as restructure, carve out and sell its consumer arm and sell its Brazilian business among other proposals. They also encouraged Telecom Italia's board to remove Labriola. Merlyn Partners, a Luxembourg-based fund managed by Merlyn Advisors, represents a group of shareholders of Telecom Italia owning shares of the company below 3%, according to the letter. In response, Telecom Italia said the project to sell its so-called NetCo business is in line with a plan unanimously approved by its board. The company said its board will discuss offers submitted by the private-equity group earlier this month at meetings scheduled for Nov. 3, 2023 and 5, 2023.공지 • Oct 18KKR Makes Binding Bid for Telecom Italia's Fixed NetworkKohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) has made a binding offer for the fixed network of Telecom Italia S.p.A. (BIT:TIT), or TIM, which excludes the Italian firm's subsea cable arm Sparkle. The Italian firm did not disclose financial details in its statement on October 16, 2023, but according to sources cited by Reuters the bid values TIM's fixed network including debt, at more than EUR 20 billion (USD 21.08 billion). The offer will run until November 8 and could be extended until December 20. Telecom Italia's board of directors will consider it "without delay", the group said. KKR has also submitted a separate non-binding offer for TIM's stake in Sparkle. It expects to file a firm bid within four to eight weeks after carrying out due diligence. TIM unveiled in early March 2022 a plan to split its business into two separate companies as part of its 2022-2024 turnaround strategy.공지 • Aug 03+ 5 more updatesTelecom Italia S.p.A. to Report First Half, 2024 Results on Jul 31, 2024Telecom Italia S.p.A. announced that they will report first half, 2024 results on Jul 31, 2024Reported Earnings • Mar 19Full year 2022 earnings releasedFull year 2022 results: Revenue: €16.0b (up 4.5% from FY 2021). Net loss: €2.93b (loss narrowed 66% from FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 7.5% growth forecast for the Telecom industry in South America.공지 • Jan 27+ 3 more updatesTelecom Italia S.p.A. to Report Q3, 2023 Results on Nov 08, 2023Telecom Italia S.p.A. announced that they will report Q3, 2023 results on Nov 08, 2023공지 • Nov 16Telecom Italia S.p.A. to Report Fiscal Year 2022 Results on Mar 15, 2023Telecom Italia S.p.A. announced that they will report fiscal year 2022 results on Mar 15, 2023이익 및 매출 성장 예측BMV:TIT * - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202814,8817101,4503,660612/31/202714,5405561,2903,3801012/31/202614,1633671,2673,5521012/31/202513,8163731,0592,590N/A9/30/202514,431-2151,2953,061N/A6/30/202514,463-2821,0662,811N/A3/31/202513,9961179862,434N/A12/31/202413,695-126962,569N/A9/30/202413,899-493442,416N/A6/30/202414,118-956542,767N/A3/31/202414,228-1226392,810N/A12/31/202314,311-4281,0463,218N/A9/30/202314,700-5775173,137N/A6/30/202315,084-2,746-1,4073,523N/A3/31/202315,991-3,410-1,5374,671N/A12/31/202215,788-2,925-1,4104,895N/A9/30/202215,505-11,370-1,5044,878N/A6/30/202215,330-8,9862624,904N/A3/31/202215,232-8,628-1404,150N/A12/31/202115,316-8,6523234,336N/A9/30/202115,4886,0363263,967N/A6/30/202115,5896,3979834,446N/A3/31/202115,5696,4362,2275,442N/A12/31/202015,8057,2243,0746,551N/A9/30/202016,2081,2263,4446,971N/A6/30/202016,7391,0273,3446,841N/A3/31/202017,4671,2953,2276,835N/A12/31/201917,9749002,3015,950N/A9/30/201918,286309N/A5,608N/A6/30/201918,523-1,392N/A5,153N/A3/31/201918,726-1,445N/A5,147N/A12/31/201818,940-1,411N/A4,592N/A9/30/201819,226-846N/A5,660N/A6/30/201819,467991N/A4,839N/A3/31/201819,6941,054N/A4,944N/A12/31/201719,8281,055N/A5,399N/A9/30/201719,7651,346N/A4,665N/A6/30/201719,7011,386N/A6,351N/A3/31/201719,4041,575N/A5,743N/A12/31/201619,0251,761N/A5,661N/A9/30/201618,780880N/A5,477N/A6/30/201618,714587N/A5,710N/A3/31/201619,105-208N/A6,199N/A12/31/201519,719-681N/A5,051N/A9/30/201520,55997N/A5,376N/A6/30/201521,295229N/A5,191N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TIT * 의 연간 예상 수익 증가율(19.6%)이 saving rate(9%)보다 높습니다.수익 vs 시장: TIT * 의 연간 수익(19.6%)이 MX 시장(8.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: TIT * 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: TIT * 의 수익(연간 2.4%)이 MX 시장(연간 6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TIT * 의 수익(연간 2.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TIT *의 자본 수익률은 3년 후 5.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 05:14종가2026/04/16 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Telecom Italia S.p.A.는 39명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrea TodeschiniBanca Akros S.p.A. (ESN)Andrea TodeschiniBanca Akros S.p.A. (ESN)Gian GuicciardiBanca Finnat Euramerica SpA36명의 분석가 더 보기
공지 • Jan 16Vivendi Intends to Appeal the Milan Court’s Decision About the Sale of TIM’s Fixed NetworkVivendi takes note of the Milan court’s decision to reject its complaint against the decision of TIM’s Board of Directors concerning the sale of its fixed network. In a decision issued, the court considered this request inadmissible due to a lack of standing (notably because Vivendi would not have declared its voting intention in the event of a Shareholders' meeting being convened), and did not address the merits of the case. As a reminder, on December 15, 2023, Vivendi complaint against TIM before the Milan court, seeking the annulment of the resolution adopted by TIM’s Board of Directors November 5, 2023, approving the sale of its fixed network without submitting it to the Shareholders' meeting (nor to the related party transaction procedure), and requesting the declaration that the transaction agreement entered into on November 6, 2023, is unenforceable. Despite the dismissal of its request on purely formal grounds by the Milan court, Vivendi continues to believe that the sale of TIM’s network should have been subject to a vote at a Shareholders Meeting as it is an essential asset of the company which would change the corporate purpose of TIM. For this reason, Vivendi intends to appeal this decision.
공지 • Dec 17CVC Reportedly in Talks to Buy Vivendi's Stake in Telecom ItaliaCVC Capital Partners plc (ENXTAM:CVC) is exploring a potential purchase of Vivendi SE (ENXTPA:VIV)’s stake in Telecom Italia S.p.A. (BIT:TIT), people with knowledge of the matter said, which could pave the way for a takeover of Italy’s biggest telecommunications company. The private equity firm has been holding preliminary talks with Vivendi about buying its 24% holding in the Italian carrier’s common shares, the people said, asking not to be identified because the information is private. The stake is currently valued at about €1 billion ($1.05 billion), according to data compiled by Bloomberg.
공지 • Oct 01Telecom Italia S.p.A. to Report Fiscal Year 2024 Final Results on Mar 05, 2025Telecom Italia S.p.A. announced that they will report fiscal year 2024 final results on Mar 05, 2025
공지 • Aug 13A consortium lead by Ardian reached an agreement to acquire 10% stake in Infrastrutture Wireless Italiane S.p.A. (BIT:INW) from Telecom Italia S.p.A. (BIT:TIT) for approximately €250 million.A consortium lead by Ardian reached an agreement to acquire 10% stake in Infrastrutture Wireless Italiane S.p.A. (BIT:INW) from Telecom Italia S.p.A. (BIT:TIT) for approximately €250 million on August 13, 2024. The agreement is based on a valuation of INWIT share price of €10.43 and corresponds to proceeds to TIM, not included in the 2024 guidance, of approximately €250 million, taking into account the existing net debt. Terms and conditions of the transaction are in line with the practice of public M&A deals of comparable nature, including certain customary protections applicable after signing. The closing of the transaction is subject to certain conditions and is expected to take place in the 4th quarter of 2024.
공지 • Jun 26Telecom Italia S.p.A. to Report Q2, 2024 Results on Sep 26, 2024Telecom Italia S.p.A. announced that they will report Q2, 2024 results on Sep 26, 2024
공지 • Apr 17Telecom Italia Announces Board ChangesTelecom Italia (TIM) announced that Alessandro Pansa has been appointed chairman of its international services arm Sparkle, taking over from Elisabetta Romano.
공지 • Mar 21Telecom Italia Reportedly May Sell AssetsTelecom Italia S.p.A. (BIT:TIT), may sell assets worth about EUR 1 billion in a bid to further reduce its debt and potentially remunerate investors, a source familiar with the matter said. The phone carrier may dispose of its remaining stake in mobile tower operator Inwit, valued at about EUR 300 million, the source said, asking not to be named discussing private deliberations. That disposal would come in addition to the planned sale of the carrier's Telecom Italia Sparkle subsea unit, expected to come in at EUR 600 million - EUR 800 million. A deal for the Inwit holding is not imminent and could materialise as late as in 2026, the source added. A spokesperson for Telecom Italia declined to comment. The company said it will be able to meet its multi-year guidance even if its debt rises this year following the closure of a deal to sell off its fixed-line network - a move drawn up by the one-time monopoly in a bid to bring the debt under control. The newest disposal would help the former phone monopoly raise cash, which could then be used either to further cut debt or to remunerate shareholders. Telecom Italia's network sale - to US-based KKR & Co - was signed late last year, marking the first time a European phone carrier has opted to sell off its fixed-line grid. KKR last week confirmed that the deal is set to close in the summer. "Telecom Italia is expected to return to generating cash at group level, as well as in its domestic Italian market, thanks to our new three-year business plan," chief executive officer Pietro Labriola told Italian daily Corriere della Sera in an interview over the weekend. The eventual sale of Sparkle will also help accelerate plans to possibly remunerate shareholders, the CEO said.
공지 • Dec 15Vivendi Reportedly to Consider Options for Stake in Telecom ItaliaVivendi SE (ENXTPA:VIV) is considering options for its €1.3 billion ($1.4 billion) stake in former phone monopoly Telecom Italia S.p.A. (BIT:TIT) as billionaire Vincent Bolloré explores a reorganization of the French conglomerate, people familiar with the matter said. The French company has spoken with advisers as it evaluates potential options including a sale of the 24% holding, according to the people, who asked not to be identified because the matter is confidential. Representatives for Vivendi and Telecom Italia declined to comment. A sale could be part of a broader overhaul at Vivendi, which said on December 13, 2023 it’s considering splitting into three parts — pay-TV business Canal+; advertising and communications branch Havas; and a holding company with listed and unlisted stakes in culture, media and entertainment. The announcement made no mention of Telecom Italia. For the Italian company, an exit by Vivendi could smooth the way for the €22 billion sale of its fixed-line phone network to KKR & Co. Inc. (NYSE:KKR). Vivendi, Telecom Italia’s biggest shareholder, wants to block the deal, and is finalizing legal action to halt it as soon as this week. Vivendi is set to contend that the deal doesn’t comply with Italian corporate law. Telecom Italia shares rose 5.6% to 0.263 cents at 4:46 p.m. in Milan, while Vivendi climbed 11% to €9.93, bolstered by news of the potential broader breakup.
공지 • Dec 07KKR Requests Due Diligence Extension for Telecom Italia's Sparkle UnitKKR & Co. Inc. (NYSE:KKR) has requested that Telecom Italia S.p.A. (BIT:TIT), or TIM, should extend the due diligence period in relation to the Italian telecom group's subsea cable arm Sparkle until the end of January. The extension will allow the suitor to collect the necessary information before it can submit a final offer for the unit, TIM said on December 5, 2023. The Italian firm added that its board of directors will examine the request at their meeting on December 14, 2023. In November, TIM extended the deadline for receiving a higher offer for Sparkle until December 5, 2023. It previously turned down KKR's non-binding offer for the unit describing it as "unsatisfactory". TIM earlier agreed to sell its fixed network to KKR after approving its binding offer, valuing the business at EUR 18.8 billion (USD 20.34 billion) in enterprise terms.
공지 • Dec 01KKR Reportedly Working on Bid for Telecom Italia's Submarine Cable UnitKohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) is working to present a new offer for Telecom Italia S.p.A. (BIT:TIT)’s submarine cable unit Sparkle as the U.S fund presses ahead with due diligence on the assets, three sources familiar with the matter said on November 30, 2023. The sale of Sparkle, the international wholesale cable unit of Telecom Italia (TIM) whose network extends over 600,000 km, is part of Chief Executive Officer Pietro Labriola's plan to part ways with the former phone monopoly's fixed network assets to cut its debt pile. At a meeting last week, TIM and KKR advisers discussed a valuation of around EUR 750 million – EUR 800 million, up from a previous non-binding offer of around EUR 600 million ($654 million), deemed as to low by TIM, according to the sources. The terms of any offer for Sparkle, including the valuation, need to be discussed with the Italian Treasury, which has teamed up with KKR to co-invest in Telecom Italia's fixed network assets, seen as strategic by the government, the sources said. KKR and TIM declined to comment. KKR has until December 5 to complete ongoing due diligence on Sparkle but the deadline could be extended, a fourth person briefed about the matter said. At this stage, a review of a potential offer for Sparkle at an ordinary TIM board meeting scheduled on December 14 is unlikely, the person added. TIM's agreed in November to sell its domestic fixed line grid to KKR in a deal worth up to EUR 22 billion, when including debts and some potential future payments.
공지 • Nov 06Vivendi SE Opposes KKR Bid for Telecom Italia S.p.A. Fixed Line Network.On November 5, 2023, Telecom Italia S.p.A. announced that, it approved an offer by Kohlberg Kravis Roberts & Co. L.P.(KKR) for its fixed-line network. Further, the Company stated that its board had approved the deal, whose value could reach 22 billion euros, and which would reduce the debt by around 14 billion euros. As Vivendi SE, has opposed selling the network and valued it at 31 billion euros, saying KKR's previous bids were far too low. Further, Vivendi SE said it would use all legal means at its disposal to contest the Company’s illegal decision. it had previously threatened to launch legal action if the KKR offer was approved without being submitted to an extraordinary general assembly of shareholders, where Vivendi would carry considerable weight.
공지 • Oct 31Telecom Italia Sticks to Network-Asset Sale Plan After Investor PushbackTelecom Italia S.p.A. (BIT:TIT) said preparatory activities for its decisions on Kohlberg Kravis Roberts & Co. L.P.'s (NYSE:KKR) offers for its network assets are continuing after investors pushed back against the plan and called for the removal of Chief Executive Pietro Labriola. The Italian telecommunications company confirmed over the weekend that it received communication from Merlyn Advisors and RN Capital Partner and that the document will be submitted to its board of directors, which will meet on Nov. 3, 2023. Merlyn Advisors and RN Capital Partner said in an open letter published October 27, 2023 that Telecom Italia should retain the whole network--including its Sparkle and FiberCop businesses--, as well as restructure, carve out and sell its consumer arm and sell its Brazilian business among other proposals. They also encouraged Telecom Italia's board to remove Labriola. Merlyn Partners, a Luxembourg-based fund managed by Merlyn Advisors, represents a group of shareholders of Telecom Italia owning shares of the company below 3%, according to the letter. In response, Telecom Italia said the project to sell its so-called NetCo business is in line with a plan unanimously approved by its board. The company said its board will discuss offers submitted by the private-equity group earlier this month at meetings scheduled for Nov. 3, 2023 and 5, 2023.
공지 • Oct 18KKR Makes Binding Bid for Telecom Italia's Fixed NetworkKohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) has made a binding offer for the fixed network of Telecom Italia S.p.A. (BIT:TIT), or TIM, which excludes the Italian firm's subsea cable arm Sparkle. The Italian firm did not disclose financial details in its statement on October 16, 2023, but according to sources cited by Reuters the bid values TIM's fixed network including debt, at more than EUR 20 billion (USD 21.08 billion). The offer will run until November 8 and could be extended until December 20. Telecom Italia's board of directors will consider it "without delay", the group said. KKR has also submitted a separate non-binding offer for TIM's stake in Sparkle. It expects to file a firm bid within four to eight weeks after carrying out due diligence. TIM unveiled in early March 2022 a plan to split its business into two separate companies as part of its 2022-2024 turnaround strategy.
공지 • Aug 03+ 5 more updatesTelecom Italia S.p.A. to Report First Half, 2024 Results on Jul 31, 2024Telecom Italia S.p.A. announced that they will report first half, 2024 results on Jul 31, 2024
Reported Earnings • Mar 19Full year 2022 earnings releasedFull year 2022 results: Revenue: €16.0b (up 4.5% from FY 2021). Net loss: €2.93b (loss narrowed 66% from FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 7.5% growth forecast for the Telecom industry in South America.
공지 • Jan 27+ 3 more updatesTelecom Italia S.p.A. to Report Q3, 2023 Results on Nov 08, 2023Telecom Italia S.p.A. announced that they will report Q3, 2023 results on Nov 08, 2023
공지 • Nov 16Telecom Italia S.p.A. to Report Fiscal Year 2022 Results on Mar 15, 2023Telecom Italia S.p.A. announced that they will report fiscal year 2022 results on Mar 15, 2023