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Telecom Italia

Miners lift European shares

Miners lift European shares

Published 21 Feb, 2023 05:58am
PARIS: European shares inched higher on Monday, with sustained gains in miners on bets of a demand recovery in China...
European shares end flat

European shares end flat

Published 23 Nov, 2021 03:54am
LONDON: European shares ended flat on Monday as Germany’s warning of tighter lockdown restrictions overshadowed...
US fund eyes Telecom Italia

US fund eyes Telecom Italia

Published 21 Nov, 2021 08:54pm
ROME: Italian operator Telecom Italia (TIM) called an extraordinary board meeting Sunday after receiving an...
Telecom Italia looking to drop Huawei from Italy 5G network

Telecom Italia looking to drop Huawei from Italy 5G network

Published 29 Apr, 2021 05:55pm
  • 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.
Shares in Telecom Italia rise ahead of government meeting over single network plan

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

Published 25 Mar, 2021 06:12pm
  • 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.
Vodafone, Fastweb seek 1.1bn euros in damages from Tim over alleged market abuse

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

Updated 11 Mar, 2021 10:04pm
  • 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".
Telecom Italia plans to cut up to 1,300 jobs in Italy this year

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

Updated 08 Mar, 2021 10:16pm
  • 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.
TIM board meeting could set CEO on road to new deal

TIM board meeting could set CEO on road to new deal

Published 20 Jan, 2021 08:35pm
  • 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.
Moody's cuts Telecom Italia, citing operating environment, financial policy choices

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

Published 11 Dec, 2020 02:40am
  • 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.
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