Topic

Telecom Italia

Telecom Italia board backs Poste’s takeover offer

Published 19 Jul, 2026 02:23am

ROME: Telecom Italia’s (TIM) board on Saturday unanimously approved Poste Italiane’s voluntary public tender and...

European shares recover after Trump’s comments spark de-escalation hopes

Published 24 Mar, 2026 03:00am

FRANKFURT: European shares rebounded on Monday, snapping a three-day losing streak after US President Donald Trump...

Telecom Italia approves sale of submarine cable unit Sparkle

Published 12 Feb, 2025 07:36pm

MILAN: Telecom Italia (TIM) said on Wednesday its board of directors approved a 700 million euro ($725.97 million)...

Stocks largely gain as rate hike hopes offset muted China outlook

Updated 06 Mar, 2023 06:30pm

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

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...

Telecom Italia shares plunge over 2021 loss

Published 07 Mar, 2022 06:07am

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

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

Published 23 Feb, 2022 12:21pm

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

Telecom Italia issues third profit warning in a year

Published 16 Dec, 2021 02:02pm

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

Telecom Italia picks advisers for KKR takeover approach

Published 07 Dec, 2021 12:22pm

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

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...

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

Published 22 Nov, 2021 05:31am

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

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...

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

Published 04 Nov, 2021 11:39am

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

Telecom Italia CEO does not consider single network plan shelved

Published 05 Sep, 2021 04:26am

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

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

Published 26 Jul, 2021 05:02pm

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

Telecom Italia cuts 2021 core profit goal after DAZN deal

Published 19 Jul, 2021 05:19pm

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

Telecom Italia updates forecasts on revenues, Ebitda after DAZN deal

Published 19 Jul, 2021 11:49am

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

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

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.

Telecom Italia shares drop as uncertainty clouds single network project

Published 19 Mar, 2021 09:57pm

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

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

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

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.

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

Published 11 Jan, 2021 08:31pm

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.

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

Published 23 Dec, 2020 06:25pm

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.

Telecom Italia shares, bonds dip after Moody's downgrade

Published 11 Dec, 2020 05:39pm

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.

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.

BT sells two business units in Italy to Telecom Italia

Published 10 Dec, 2020 04:26pm

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

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

Published 06 Aug, 2020 12:08am

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.

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

Published 05 Aug, 2020 01:59am

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.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01

Telecom Italia

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