Latest news for Telecom Italia (OTC:TIAJF) Stock

Telecom Italia is the incumbent telecommunications operator in Italy with more than 30% share in the Italian mobile market and 40% share in broadband. In the mobile market, it competes with Vodafone, Wind Tre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion, TIM will become a pure service provider. TIM also has a 20% wireless market share in Brazil and has started building a broadband network in the country, although its reach is very small compared with competitors Telefonica and America Movil.

Large Cap

News

Penny Stocks

Hedge Funds

Tech

General

TIAIY

TIAJF

TIAOF

TIIAY

KKR Steps In To Bid For Telecom Italia Grid For Around €20B As Carrier Aims To Cut Debt

TELECOM ITALIA S.P.A. AZ by Telecom Italia S.p.A.

Telecom Italia SpA

Telecom Italia S.p.A. 2023 Q2 - Results - Earnings Call Presentation

Telecom Italia S.p.A. (TIIAY) Q2 2023 Earnings Call Transcript

KKR said to prepare multibillion-euro bid for Telecom Italia's landline grid

Telecom Italia S.p.A. 2023 Q3 - Results - Earnings Call Presentation

Telecom Italia S.p.A. (TIIAY) Q3 2023 Earnings Call Transcript

Telecom Italia S.p.A. (TIIAY) Q4 2023 Earnings Call Transcript

Aristotle Capital Corporate Credit Q1 2024 Commentary

KKR gets EU antitrust nod for its $24 billion Telecom Italia's landline grid bid

Dodge & Cox Global Bond Fund Q2 2024 Commentary

BAYRY

BAYZF

BTAFF

FMCC

FMCCG

FMCCH

FMCCI

FMCCJ

FMCCK

FMCCL

FMCCM

FMCCN

FMCCO

FMCCP

FMCCS

FMCCT

FMCKI

FMCKJ

FMCKK

FMCKL

FMCKM

FMCKN

FMCKO

FMCKP

FNMA

FNMAG

FNMAH

FNMAI

FNMAJ

FNMAK

FNMAL

FNMAM

FNMAN

FNMAO

FNMAP

FNMAS

FNMAT

FNMFM

FNMFN

FNMFO

FREGP

FREJN

FREJO

FREJP

POFCF

POFCY

PROSF

PROSY

QVCC

QVCD

SAVE

SBAC

TCANF

TCENF

TCEYF

TCNCF

TNCAF

TRPPF

TRPRF

Telecom Italia

<ul>
	<li><strong>Telecom Italia SpA</strong>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TIAOF#OTC">TIAOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TIIAY#OTC">TIIAY</a>) received a multi-billion euro bid for a controlling stake in its fixed-line network from U.S. fund&nbsp;<strong>KKR &amp; Co Inc&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), the company&nbsp;<a class="editor-rtfLink" href="https://www.gruppotim.it/en/press-archive/corporate/2023/PR-TIM-NBO-en.html" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">said</a>&nbsp;in a statement.</li>
	<li>TIM did not disclose the value of the non-binding bid, but a source familiar with the matter said it valued the infrastructure in the region of &euro;20 billion.</li>
	<li>KKR, already an investor in Telecom Italia&#39;s network, made a non-binding takeover offer for the group late in 2021, which Telecom Italia eventually rejected.</li>
	<li>KKR&#39;s bid for the former Italian phone monopoly&#39;s grid would involve taking over a significant amount of debt, which accounts for about half the value of the offer, Bloomberg reported&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-02-02/kkr-bid-said-to-value-telecom-italia-grid-at-about-20-billion?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">citing</a>&nbsp;people close to the matter.</li>
	<li>Telecom Italia&#39;s board of directors are scheduled to meet later on Thursday to start reviewing the offer and to appoint advisers, they said. A final review could take some weeks, the report added.</li>
	<li>Telecom Italia seeks to sell the network to cut the company&#39;s more than &euro;30 billion gross debt pile.</li>
	<li>The carrier has been holding talks with the government&#39;s financial arm for months. The government wants to retain control over the network, suggesting it might impose the golden share rules to block or limit foreign control over strategic assets.</li>
</ul>
 

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

Comments

Telecom Italia

News

Latest news for Telecom Italia (OTC:TIAJF) Stock

Friday, February 03, 2023