공시 • Oct 01
Telecom Italia S.p.A. to Report Fiscal Year 2024 Final Results on Mar 05, 2025 Telecom Italia S.p.A. announced that they will report fiscal year 2024 final results on Mar 05, 2025 공시 • Aug 13
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. 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. 공시 • Jun 26
Telecom Italia S.p.A. to Report Q2, 2024 Results on Sep 26, 2024 Telecom Italia S.p.A. announced that they will report Q2, 2024 results on Sep 26, 2024 공시 • Apr 17
Telecom Italia Announces Board Changes Telecom Italia (TIM) announced that Alessandro Pansa has been appointed chairman of its international services arm Sparkle, taking over from Elisabetta Romano. 공시 • Dec 15
Vivendi Reportedly to Consider Options for Stake in Telecom Italia Vivendi 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. 공시 • Dec 07
KKR Requests Due Diligence Extension for Telecom Italia's Sparkle Unit KKR & 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. 공시 • Dec 01
KKR Reportedly Working on Bid for Telecom Italia's Submarine Cable Unit Kohlberg 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. 공시 • Nov 06
Vivendi 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. 공시 • Oct 31
Telecom Italia Sticks to Network-Asset Sale Plan After Investor Pushback Telecom 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. 공시 • Oct 18
KKR Makes Binding Bid for Telecom Italia's Fixed Network Kohlberg 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. 공시 • Nov 12
Italy's Economy Minister Cautious over CDP Takeover Bid for TIM A potential takeover of Telecom Italia S.p.A. (BIT:TIT) (TIM) by state lender Cassa depositi e prestiti S.p.A. (CDP) is something that needs to be extensively discussed within the government, Italy's economy minister said, signalling a cautious stance over such a proposal. "Many ministers are involved, we have to discuss it," Economy Minister Giancarlo Giorgetti said when asked whether he was backing a plan drafted by cabinet undersecretary Alessio Butti. Under the so-called 'Minerva' project, CDP would launch a takeover bid for TIM to pursue the goal of a state-controlled fiber company combining the former phone monopoly's grid with that of smaller rival Open Fiber. TIM, struggling with a EUR 25 billion debt pile, has been pursuing a different plan. The former phone monopoly last month extended talks with CDP over an offer for its landline grid until the end of November, under a scheme sponsored by the previous government of Mario Draghi. Sources have told Reuters that Giorgetti has some reservations about Butti's plan, which envisages TIM retaining the network and selling off its service operations and its Brazil-listed unit. Treasury-owned CDP controls Open Fiber and holds a 10% stake in TIM, whose stock is trading close to record lows. Some banks are also pitching alternative proposals entailing a government-backed takeover bid for TIM, with Vivendi and infrastructure funds joining a process aimed at taking TIM private, sources have said. Butti said on Saturday the Minerva project was a "priority" for the government and that he would soon start talks with TIM's stakeholders, including CDP. 공시 • Oct 19
Revived Takeover Talk Boosts Italy's Tim as Network Deal Stalls Telecom Italia S.p.A. (BIT:TIT) rebounding from record lows, after a report rekindled takeover speculation by saying private equity fund CVC Capital Partners Limited was weighing a potential buyout bid for the former phone monopoly. CVC, which earlier this year approached TIM over a stake in its enterprise service arm that is set to be spun off, declined to comment on the report in Italian newspaper MF. Sources familiar with the matter however told Reuters CVC had no concrete plans to launch a bid at this stage. TIM this year turned its back on a 0.505 euro non-binding approach by U.S. fund KKR (KKR.N). It opted instead to pursue a plan centred around an outright sale of its prized landline assets to state lender CDP, which owns 10% of TIM and controls its smaller rival Open Fiber. Proceeds from the potentially multi-billion euro sale would give TIM fresh resources to cut its EUR 25 billion euros debt pile after being hit by multiple rating downgrades, and to focus on its service operations. But a timetable set for clinching a binding agreement by the end of this month has faced multiple delays due to valuation issues and a snap national election. TIM is expected to hold a special board meeting on Oct. 25 or Oct. 26 to discuss a request by CDP to extend negotiations over a binding bid until early next year, two sources familiar with the matter said. 공시 • Aug 06
A consortium of institutional investors led by Ardian completed the acquisition of 12.382% stake in Infrastrutture Wireless Italiane S.p.A. (BIT:INW) from Telecom Italia S.p.A. (BIT:TIT). A consortium of institutional investors led by Ardian made an offer to acquire additional 12.382% stake in Infrastrutture Wireless Italiane S.p.A. (BIT:INW) from Telecom Italia S.p.A. (BIT:TIT) for €1.3 billion on March 2, 2022. The Consortium reached the agreement on April 14, 2022. As of August 2, 2022, the conditions to complete the sale have been met. The completion of the transaction is subject to the fulfilment of certain conditions precedent, including the Antitrust authorization, the authorization under the Golden Power regulations and the dissolution of the shareholders' agreement with Vodafone Europe and Central Tower Holding Company. Vantage Towers has agreed to terminate, effective prior to the closing of the sale of TIM's stake in Daphne 3 and, in any case, no later than 31 August 2022, the INWIT Shareholders Agreement. Vantage Towers maintains a 33.2% shareholding in INWIT's share capital through its fully owned subsidiary CTHC. The bylaws of INWIT and associated rights of Vantage Towers remain unchanged. Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) acted as financial advisor to Telecom Italia S.p.A. (BIT:TIT).
A consortium of institutional investors led by Ardian completed the acquisition of 12.382% stake in Infrastrutture Wireless Italiane S.p.A. (BIT:INW) from Telecom Italia S.p.A. (BIT:TIT) on August 5, 2022. 
