View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsTelecom Italia 향후 성장Future 기준 점검 3/6Telecom Italia은 연간 수입과 매출이 각각 121.5%와 0.08% 증가할 것으로 예상되고 EPS는 연간 1%만큼 감소할 것으로 예상됩니다.핵심 정보121.5%이익 성장률-0.99%EPS 성장률Telecom 이익 성장19.0%매출 성장률0.08%향후 자기자본이익률n/a애널리스트 커버리지Good마지막 업데이트09 Jun 2023최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • 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, 2025공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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, 2023공시 • Nov 16+ 5 more updatesTelecom Italia S.p.A., Annual General Meeting, Apr 20, 2023Telecom Italia S.p.A., Annual General Meeting, Apr 20, 2023. Agenda: To approve the Financial Statements at December 31, 2022.공시 • Nov 12Italy's Economy Minister Cautious over CDP Takeover Bid for TIMA 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 19Revived Takeover Talk Boosts Italy's Tim as Network Deal StallsTelecom 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 06A 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.이익 및 매출 성장 예측BMV:TITR N - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202516,263-191064,6251312/31/202416,184-182974,4081712/31/202316,073-271-1674,251143/31/202315,991-3,410-1,5374,671N/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/A9/30/201918,2863091,3765,608N/A6/30/201918,523-1,3927515,153N/A3/31/201918,726-1,4457235,147N/A12/31/201818,940-1,411614,592N/A9/30/201819,226-8461,0825,660N/A6/30/201819,467991-6444,839N/A3/31/201819,6941,054-1744,944N/A12/31/201719,8281,055855,399N/A9/30/201719,7651,346-4544,665N/A6/30/201719,7011,3862,0846,351N/A3/31/201719,4041,5751,0895,743N/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/A3/31/201521,558633N/A4,502N/A12/31/201421,733809N/A4,698N/A9/30/201421,988741N/A5,568N/A6/30/201422,208845N/A5,076N/A3/31/201422,875-1,193N/A6,484N/A12/31/201323,549-1,015N/A6,868N/A9/30/201321,391-4,824N/A6,070N/A6/30/201322,987-4,548N/A6,781N/A3/31/201324,379-2,067N/A7,005N/A12/31/201225,882-1,729N/A7,672N/A9/30/201230,087-1,615N/A8,265N/A6/30/201230,333-1,525N/A8,450N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TITR N 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(7.6%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: TITR N (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: TITR N 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: TITR N 의 수익(연간 0.08%)이 MX 시장(연간 6.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TITR N 의 수익(연간 0.08%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TITR N의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/06/13 20:14종가2023/03/16 00:00수익2023/03/31연간 수익2022/12/31데이터 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 37명의 분석가가 다루고 있습니다. 이 중 17명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrea TodeschiniBanca Akros S.p.A. (ESN)Gian GuicciardiBanca Finnat Euramerica SpAJean BrunyBanco de Sabadell. S.A.34명의 분석가 더 보기
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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
공시 • Nov 16+ 5 more updatesTelecom Italia S.p.A., Annual General Meeting, Apr 20, 2023Telecom Italia S.p.A., Annual General Meeting, Apr 20, 2023. Agenda: To approve the Financial Statements at December 31, 2022.
공시 • Nov 12Italy's Economy Minister Cautious over CDP Takeover Bid for TIMA 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 19Revived Takeover Talk Boosts Italy's Tim as Network Deal StallsTelecom 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 06A 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.