Trends - Telecom Italia - Business Recorder

Telecom Italia

Stocks largely gain as rate hike hopes offset muted China outlook

LONDON: Major stock markets mostly rose Monday, with Paris briefly reaching a fresh record, as traders reacted to...

Updated 06 Mar, 2023 06:30pm

Markets

Miners lift European shares

PARIS: European shares inched higher on Monday, with sustained gains in miners on bets of a demand recovery in China...

Published 21 Feb, 2023 05:58am

Business & Finance

Telecom Italia shares plunge over 2021 loss

MILAN: Shares in Telecom Italia (TIM), Italy’s largest telecommunications operator, plunged 11.4 percent on the...

Published 07 Mar, 2022 06:07am

Technology

Telecom Italia mulls balance sheet clean-up, sale of INWIT stake

MILAN: Telecom Italia (TIM) is considering a balance sheet clean-up as its 2021 results will be worse then expected,...

Published 23 Feb, 2022 12:21pm

Technology

Telecom Italia issues third profit warning in a year

MILAN: Telecom Italia (TIM), facing a takeover approach from US fund KKR, has cut the 2021 earnings forecast for its...

Published 16 Dec, 2021 02:02pm

Technology

Telecom Italia picks advisers for KKR takeover approach

MILAN: Telecom Italia (TIM) said on Monday it has picked Goldman Sachs and LionTree to advise Italy's biggest ...

Published 07 Dec, 2021 12:22pm

Markets

European shares end flat

LONDON: European shares ended flat on Monday as Germany’s warning of tighter lockdown restrictions overshadowed...

Published 23 Nov, 2021 03:54am

Business & Finance

KKR makes non-binding $12bn takeover proposal for Telecom Italia

MILAN: Telecom Italia (TIM) said on Sunday its board had examined a non-binding proposal by US fund KKR aimed at...

Published 22 Nov, 2021 05:31am

Business & Finance

US fund eyes Telecom Italia

ROME: Italian operator Telecom Italia (TIM) called an extraordinary board meeting Sunday after receiving an...

Published 21 Nov, 2021 08:54pm

Business & Finance

Vivendi pushes for bigger role in Telecom Italia in challenge to CEO

MILAN/ROME: Telecom Italia's top investor Vivendi wants to play a bigger role at Italy's largest telecoms group,...

Published 04 Nov, 2021 11:39am

Business & Finance

Telecom Italia CEO does not consider single network plan shelved

CERNOBBIO, (Italy): Telecom Italia does not believe the idea of combining its fixed network assets with those of...

Published 05 Sep, 2021 04:26am

Business & Finance

Telecom firm Lumen to sell Latin America business for $2.7bn

Shares of Monroe, Louisiana-based Lumen rose 2.5% to $12.95 in premarket trading
AustralianSuper, the country's largest pension fund, is also investing in the deal

Published 26 Jul, 2021 05:02pm

Business & Finance

Telecom Italia cuts 2021 core profit goal after DAZN deal

TIM shares down more than 3% after outlook revision
Sees low- to mid-single digit drop in 2021 core profit
CEO says market conditions remain challenging

Published 19 Jul, 2021 05:19pm

Business & Finance

Telecom Italia updates forecasts on revenues, Ebitda after DAZN deal

TIM said it now forecast a low- to mid-single digit growth for its organic service revenues in the 2022-2023 period, versus a previous forecast for a low single digit growth

Published 19 Jul, 2021 11:49am

Business & Finance

Telecom Italia looking to drop Huawei from Italy 5G network

Losing 5G work from Telecom Italia, one of Huawei's biggest clients in Europe, would be a blow to the Chinese technology giant, which has already lost some business to rivals Nokia and Ericsson.
Telecom Italia has sent a letter informing Huawei of its intention to call off the contract, one of the sources said. Italian newspaper Il Sole 24 Ore first reported the letter.

Published 29 Apr, 2021 05:55pm

Business & Finance

Shares in Telecom Italia rise ahead of government meeting over single network plan

Rome has been trying to create a national network by merging Open Fiber, a small broadband operator owned by state lender CDP and utility Enel, with Telecom Italia's landline grid assets.
Concerns about the project losing traction under new Prime Minister Mario Draghi's government have weighed on Telecom Italia's shares recently.

Published 25 Mar, 2021 06:12pm

Markets

Telecom Italia shares drop as uncertainty clouds single network project

Telecom Italia shares fall more than 6%.
Some ministers have cast doubt on single network plan.
Project must help meet broadband goals – minister.

Published 19 Mar, 2021 09:57pm

Business & Finance

Vodafone, Fastweb seek 1.1bn euros in damages from Tim over alleged market abuse

In March last year the regulator fined TIM 116 million euros for abusing its position in the broadband market in an attempt to obstruct the entrance of rivals.
In its 2020 annual financial report the former Italian phone monopolist said it would dispute the claims in court "with solid arguments".

Updated 11 Mar, 2021 10:04pm

Business & Finance

Telecom Italia plans to cut up to 1,300 jobs in Italy this year

TIM's managers have informed union representatives of the plan and have said the redundancies will be on a voluntary basis.
The company has already reduced its workforce, with more than 2,500 people leaving the group in 2020.

Updated 08 Mar, 2021 10:16pm

Business & Finance

TIM board meeting could set CEO on road to new deal

TIM is expected to pick a headhunter to help with the board's selection process and advisory firm Egon Zehnder is in pole position for the role.
The idea is that the board could put forward its own list and Gubitosi's name would be on it.

Published 20 Jan, 2021 08:35pm

Business & Finance

Telecom Italia debuts on green bond market with 1-bn-euro sale

Former phone monopoly drew over 3.9 billion euros – lead.
Final guidance on price points to yield of 1.75%.
TIM aims to modernise its networks to cut carbon footprint.

Published 11 Jan, 2021 08:31pm

Business & Finance

Telecom Italia to retain Nokia as supplier, curbing Huawei's share of 5G radio network

The RAN infrastructure includes the base stations and antennas that connect smartphones to the mobile network, and accounts for the bulk of the cost of a new network.
Ericsson will provide the bulk of the equipment, while Huawei and Nokia will get a 20-25% each.

Published 23 Dec, 2020 06:25pm

Markets

Telecom Italia shares, bonds dip after Moody's downgrade

The yield on a bond maturing in May 2026, rose to 1.69pc from 1.60pc on Thursday, while a September 2025, bond yielded 1.60pc on Friday, up from 1.50pc the previous session.

Published 11 Dec, 2020 05:39pm

Business & Finance

Moody's cuts Telecom Italia, citing operating environment, financial policy choices

The downgrade reflects our expectation that Telecom Italia will remain adversely affected by a very competitive operating environment in Italy.
we expect further investments in Brazil together with the restored dividend policy and the increasing complexity of the group structure to translate into higher business and financial risks.

Published 11 Dec, 2020 02:40am

Business & Finance

BT sells two business units in Italy to Telecom Italia

The transaction, whose value was not disclosed, is expected to be completed by the end of the first quarter of next year.

Published 10 Dec, 2020 04:26pm

Business & Finance

TIM will stick to grid stake sale even if single network merger fails

KKR's bid for stake in TIM's grid extended to end August.
Italy pushing for deal to include TIM's rival Open Fiber.
TIM CEO says will stick to KKR plans if wider deal fails.

Published 06 Aug, 2020 12:08am

Business & Finance

Italy's TIM postpones decision over network stake sale at govt request

Italy pushing for a single ultra-fast broadband network.
KKR agrees to extend its binding bid on August end.
Prime minister's office denies any veto on US KKR.
CDP may invest in TIM's secondary grid to allay concerns-sources.

Published 05 Aug, 2020 01:59am

Business & Finance

Italy struggles to clinch deal for single broadband network

Enel CEO Starace met Treasury officials on Friday.
TIM wants control of any merged unit, Starace opposes this.
Value of companies' fibre assets a thorny issue.

Published 01 Aug, 2020 12:02am

Business & Finance

Comcast's SKY, utility A2A eye investment in Italy's single network

Telecom Italia, partly owned by state lender CDP, has been in talks for months over a merger of its fibre assets with those of smaller rival Open Fiber.
To end the stalemate, Economy Minister Roberto Gualtieri asked TIM and Enel to sign a MOU by the end of July.

Published 27 Jul, 2020 10:39pm

Business & Finance

Italy pushes to end stalemate over single broadband network

Rome wants Enel and TIM to sign a preliminary deal by end-July.
Italy's FinMin tabled request at a meeting with Enel's Starace.
TIM is in talks to sell 40% of its secondary network to KKR.
Govt is in favour of CDP investing in TIM's last-mile grid.

Published 11 Jul, 2020 08:27pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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