Telecom Italia S.p.a Stock News

ROME (Reuters) – Shares in Telecom Italia (TIM) rose more than 9% on Monday after the phone group said it would start formal talks with KKR to assess more closely the U.S. fund’s potential 10.8 billion euro ($11.8 billion) offer.

The company board‘s unanimously mandated its CEO Pietro Labriola and chairman Salvatore Rossi to further discuss KKR’s strategy, beyond those the talks that were held by its advisors.

© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi By Elvira Pollina and Valentina Za MILAN (Reuters) -Telecom Italia said on Sunday it would start formal talks with KKR to assess the U.S. fund’s potential 10.8 billion euro ($11.8 billion) offer for Italy’s biggest …

Telecom Italia (TIM), however, said it would also explore a possible tie-up with state-backed broadband rival Open Fiber as it pursues an in-house rev..

https://www.investing.com/news/stock-market-news/telecom-italia-to-explore-terms-of-potential-kkr-bid--sources-2783647

The board of Telecom Italia on Sunday unanimously voted to give the phone group''s CEO and chairman a mandate to explore how "attractive and concrete" a possible takeover bid by U.S. fund KKR is, two people close to the matter said.

The board of Telecom Italia on Sunday unanimously voted to give the phone group's CEO and chairman a mandate to explore how "attractive and concrete" a possible takeover bid by U.S. fund KKR is, two p

https://www.investing.com/news/stock-market-news/telecom-italia-to-give-kkr-bid-verdict-in-sunday-board-showdown-2782828

Telecom Italia's board meets on Sunday to give its long-delayed response to a 10.8 billion euro ($12 billion) takeover approach from U.S. fund KKR amid mounting pressure to enter talks after an in-hou

https://www.investing.com/news/stock-market-news/vivendis-profits-double-takes-telecom-italia-writedown-2781565

PARIS (Reuters) – French media giant Vivendi took a 728 million-euro ($805 million) writedown on its stake on Telecom Italia in 2021, it said on Wednesday, as it reported a doubling in core operating earnings over the same period.

Vivendi took a 728 million euro ($805 million) writedown on its stake in Telecom Italia in 2021, the French media group said on Wednesday, as it reported a doubling in core operating earnings over the

Investor KKR reportedly remained keen on buying into Telecom Italia, following a recently announced plan by the Italian group to split into two separate units. Citing Italian newspaper Il Messaggero, Reuters reported KKR could confirm its interest in a deal, but at a lower price of around €0.40 per share compared with the €0.505 bid […] The post KKR Tipped To Continue Telecom Italia Pursuit appeared first on CYBER ERA: Catalyzing the Digital Economy .

Futures Rebound On "Massive" EU Bond Stimulus Plan; Nickel Halted After Record Surge, Gold Over $2000 Futures rebounded from yesterday huge loss, and after touching a session low of 4,138, S&P futures bounced shortly after the European when Bloomberg reported that the European Union was set to reveal a quasi "Marshall Plan" this week to issue issue "potentially massive” joint bonds to fund energy and defense and help counter the fiscal fallout from Russia’s invasion of Ukraine (how Europe will do that at a time when QE is ending and buyers for global debt are shrinking fast amid surging rates remains unclear). S&P 500 futures gained 0.7% following the benchmark index’s biggest loss since October 2020, while Dow futures rose 0.6%. Contracts on the Nasdaq 100 were up 0.6% at 7:15 a.m. Bonds and the dollar dropped, and the euro strengthened. The commodity melt up continued: nickel was halted on the LME after soaring 250%, oil traded just shy of $130 and gold was above $2000. The EU''s bond-sale proposal may be presented as soon as next week, according to Bloomberg.

MILAN (Reuters) – Shares in Telecom Italia (TIM) rebounded on Tuesday after an Italian newspaper reported that U.S. fund KKR was still interested in a takeover deal, albeit at a lower price.