TI - Telecom Italia S.p.A.

NYSE - NYSE Delayed price. Currency in USD
6.25
-0.12 (-1.88%)
At close: 4:02PM EST
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Previous close6.37
Open6.26
Bid5.33 x 2200
Ask6.75 x 1000
Day's range6.21 - 6.33
52-week range5.44 - 11.28
Volume153,682
Avg. volume240,322
Market cap12.835B
Beta (3Y monthly)0.39
PE ratio (TTM)N/A
EPS (TTM)-0.43
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date2013-04-22
1y target est13.93
Trade prices are not sourced from all markets
  • Gubitosi Named Telecom Italia CEO
    Bloomberg26 days ago

    Gubitosi Named Telecom Italia CEO

    Nov.19 -- Telecom Italia has named Luigi Gubitosi as its new CEO. The former Merrill Lynch banker's appointment is another win for activist investor Elliott Management which is pushing for a radical overhaul of the phone company. Gubitosi succeeds Amos Genish who was ousted last week for resisting calls for a spinoff of Telecom Italia's landline network. Bloomberg's Rebecca Penty reports on "Bloomberg Markets: European Open."

  • Financial Timesyesterday

    [$$] Vivendi calls for EGM at Telecom Italia to revoke Elliott Adviser board picks

    to call an extraordinary shareholders meeting to revoke five board members appointed by rival shareholder US hedge fund Elliott Advisors. The French media group has been locked in a board room battle with Elliott for a year with each side alleging governance failures by the other side. Vivendi called for the revocation of board members, including chairman Fulvio Conti.

  • Billionaire Singer’s French Nemesis Won’t Go Quietly
    Bloomberg3 days ago

    Billionaire Singer’s French Nemesis Won’t Go Quietly

    Less than a month after activist investor Elliott Management Corp. succeeded in ousting the CEO, Vivendi SA is mounting a fightback intended at regaining control of the board. Vivendi plans to call a new shareholder vote on the board’s composition by the end of the week. Elliott’s nominees secured a majority of the seats back in May. The two sides fundamentally disagree on the best way forward for Telecom Italia.

  • Billionaire Singer’s French Nemesis Won’t Go Quietly
    Bloomberg3 days ago

    Billionaire Singer’s French Nemesis Won’t Go Quietly

    Less than a month after activist investor Elliott Management Corp. succeeded in ousting the CEO, Vivendi SA is mounting a fightback intended at regaining control of the board. Vivendi plans to call a new shareholder vote on the board’s composition by the end of the week. Elliott’s nominees secured a majority of the seats back in May. The two sides fundamentally disagree on the best way forward for Telecom Italia.

  • Vivendi Demands Telecom Italia Fire Directors Allied to Elliott
    Bloomberg4 days ago

    Vivendi Demands Telecom Italia Fire Directors Allied to Elliott

    Key InsightsVivendi is turning up the heat in its battle to win back control of Italy’s dominant phone company from Elliott after the U.S. activist’s allies last month pushed out the company’s CEO, a Vivendi ally.Telecom Italia’s board, dominated by Elliott allies, has resisted Vivendi’s demand for a shareholder meeting to appoint auditors for 2019 onwards.

  • U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says
    Bloomberg22 days ago

    U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says

    Officials from the U.S. have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people familiar with the matter. Huawei has long been labeled a security risk by U.S. lawmakers because of alleged links to the Chinese government, in part because it was founded by former military engineer Ren Zhengfei. While the Shenzhen-based company has denied any inappropriate connections, it’s been banned in Australia from supplying fifth-generation wireless equipment, faced scrutiny in the U.K. and found itself largely shut out from the U.S. market.

  • Italy Finds a Friend in U.S. Hedge Fund
    Bloomberg25 days ago

    Italy Finds a Friend in U.S. Hedge Fund

    The government is interfering with a private company to get hold of its most prized asset: the country’s phone and broadband network. Italy is playing fast and loose with property rights and no one seems to care. The ruling Five Star Movement has presented a draft amendment to a fiscal decree, which envisages creating a single company to combine the networks of Telecom Italia and Open Fiber, a smaller rival.

  • Italy Finds a Friend in U.S. Hedge Fund
    Bloomberg25 days ago

    Italy Finds a Friend in U.S. Hedge Fund

    The government is interfering with a private company to get hold of its most prized asset: the country’s phone and broadband network. Italy is playing fast and loose with property rights and no one seems to care. The ruling Five Star Movement has presented a draft amendment to a fiscal decree, which envisages creating a single company to combine the networks of Telecom Italia and Open Fiber, a smaller rival.

  • Activist’s Coup Leaves Billionaire Bollore Reeling
    Bloomberg26 days ago

    Activist’s Coup Leaves Billionaire Bollore Reeling

    It has also left France’s Vivendi SA with the biggest stake in the company, yet very little say in its management. Elliott’s ejection of CEO Amos Genish was very slow, then, all of a sudden, exceedingly fast. Vivendi is still able to call an extraordinary general meeting on the composition of the board, which is currently made up of 10 Elliott nominees and five picked by Vivendi (including Genish himself).

  • Brazil's Tim Participacoes Slumps as Nextel Bid in Doubt
    Bloomberglast month

    Brazil's Tim Participacoes Slumps as Nextel Bid in Doubt

    Tim Participacoes SA fell after its controller announced it removed Amos Genish as CEO after a clash with investor Elliott Management. The news added uncertainty to Tim Participacoes’s potential bid for Nextel Telecomunicacoes Ltda and the stock is leading Ibovespa losses. The board of Telecom Italia has already approved a non-binding offer for Nextel.

  • Elliott's Telecom Italia Win Leaves Bollore With a Nuclear Option
    Bloomberglast month

    Elliott's Telecom Italia Win Leaves Bollore With a Nuclear Option

    The activist investor's board nominees voted to remove Amos Genish, a Vivendi appointee, as chief executive officer of the Italian carrier on Tuesday, the culmination of a clash over how it would separate some of its networks. Chairman Fulvio Conti is taking over on an interim basis, and board members Alfredo Altavilla, Rocco Sabelli and Luigi Gubitosi are mooted candidates. Do they want to be seen as a corporate raider, a stooge for Elliott who comes in and sells off vast chunks of the business before retiring on a hefty pension?

  • Telecom Italia ousts CEO in long-running boardroom battle
    Associated Presslast month

    Telecom Italia ousts CEO in long-running boardroom battle

    MILAN (AP) — A long-running board room battle in Italy's legacy telecoms provider, Telecom Italia, has culminated with the ouster of CEO Amos Genish, effective immediately.

  • CK Hutchison Left Standing in Italian Musical Chairs
    Bloomberglast month

    CK Hutchison Left Standing in Italian Musical Chairs

    CK agreed to pay 2.5 billion euros ($2.8 billion) for Veon Ltd.’s 50 percent stake in Wind Tre SpA. Since then, Italy’s spectacularly expensive 5G spectrum auction has left it with an inadequate slice of the pie. Its two biggest rivals seem to be on the verge of squeezing it even further by teaming up to build out the new networks, Bloomberg News reported Monday.

  • Telecom Italia’s Palace Intrigue Is a Sorry Sight
    Bloomberglast month

    Telecom Italia’s Palace Intrigue Is a Sorry Sight

    The writedown adds fuel to the heated confrontation between its two biggest shareholders: French media conglomerate Vivendi SA and activist investor Elliott Management Corp. It could provide ammunition for Elliott’s board nominees, who occupy the majority of seats after ousting Vivendi’s appointees in April, to replace Chief Executive Officer Amos Genish with an executive they might deem more amenable. Genish has been adamant that control of Inwit, the tower business in which Telecom Italia retains a 60 percent stake, is essential for the roll-out of 5G networks.