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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Telecom Italia S.p.A.    TIT   IT0003497168

TELECOM ITALIA S.P.A.

(TIT)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/22 05:00:44 am
0.328 EUR   -1.50%
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Italian prime minister says Mediaset could join planned broadband network

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09/05/2020 | 08:00am EDT

ROME, Sept 5 (Reuters) - Italian media group Mediaset could join the single national broadband network the government wants to see created, Prime Minister Giuseppe Conte said on Saturday, adding that rules on telecoms ownership in Italy might have to be revised.

"Why not?" Conte said, when asked by a journalist if Mediaset, controlled by the family of former prime minister Silvio Berlusconi, could also take part in the broadband project.

The comments came just days after an EU court ruling in a legal tussle between Mediaset and French group Vivendi. The decision went Vivendi's way and raised questions about an Italian law that is designed to prevent a concentration of power in the telecoms and media sectors.

Conte said the government would have to read the full ruling carefully, but added: "From what has already been announced (by the court) ... it is reasonable to say it will force us to revise the rules regarding telecoms."

In the wake of the Sept. 3 verdict, Mediaset announced that it might now consider investing in the single broadband network the government is encouraging.

Rome has pushed Telecom Italia (TIM), its smaller rival Open Fiber and state lender CDP to create a single national ultrafast grid operator to help Italy close its digital divide with other European countries.

Speaking at an event organised by Il Fatto Quotidiano newspaper, Conte said he hoped such a network could be completed within three to four years and that other companies would be welcome to take part.

"It will be an open and inclusive network," he said. "You talked about Mediaset. I am talking about all the companies in the telecoms sector. We want them all to take part."

Telecom Italia Chief Executive Luigi Gubitosi said other operators could join the project, adding that there would be no objection in principle to content providers like Mediaset taking part but it was still unclear whether they would want to.

"We still have to understand what interest content operators have, what they can bring and what they can get out of it," he told a conference in Cernobbio, outside Milan.

"If there's interest from anyone, it will be evaluated but it's not obvious from an industrial point of view." (Reporting by Crispian Balmer, Valentina Za in Cernobbio, Editing by Ros Russell)


Stocks mentioned in the article
ChangeLast1st jan.
MEDIASET -0.89% 1.568 Delayed Quote.-40.53%
TELECOM ITALIA S.P.A. -1.20% 0.3294 Delayed Quote.-40.15%
VIVENDI SE -0.59% 25.11 Real-time Quote.-2.21%
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Financials
Sales 2020 16 140 M 19 113 M 19 113 M
Net income 2020 1 010 M 1 196 M 1 196 M
Net Debt 2020 22 744 M 26 934 M 26 934 M
P/E ratio 2020 6,99x
Yield 2020 2,85%
Capitalization 7 093 M 8 418 M 8 399 M
EV / Sales 2020 1,85x
EV / Sales 2021 1,78x
Nbr of Employees 55 076
Free-Float 74,2%
Chart TELECOM ITALIA S.P.A.
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Telecom Italia S.p.A. Technical Analysis Chart | TIT | IT0003497168 | MarketScreener
Technical analysis trends TELECOM ITALIA S.P.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 0,51 €
Last Close Price 0,33 €
Spread / Highest target 134%
Spread / Average Target 52,7%
Spread / Lowest Target -30,9%
EPS Revisions
Managers
NameTitle
Luigi Gubitosi Chief Executive Officer & Executive Director
Salvatore Rossi Chairman
Stefano Siragusa Chief Operations Officer
Giovanni Ronca Chief Financial Officer
Michele Gamberini Chief Technology & Information Officer
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