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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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Italy's TIM CEO says confident unified network project will be finalised

10/07/2020 | 10:58am EST
FILE PHOTO: Telecom Italia's logo is seen at the headquarters in Rozzano neighbourhood of Milan

MILAN (Reuters) - Telecom Italia's (TIM) chief remains confident that a government-sponsored plan to create a unified network champion helping Italy to accelerate broadband development will be finalised, he said on Wednesday.

"Broadband plans in Italy are very ambitious," TIM CEO Luigi Gubitosi said at a webcast event. "If the government-sponsered project to create a unified network champion is finalised, and I trust it will, broadband development will accelerate further."

TIM and state lender Cassa Depositi e Prestiti, which is the second largest shareholder in the former phone monopoly, agreed a preliminary deal to merge TIM's network assets with those of state-backed ultrabroadband firm Open Fiber under a government-sponsored project to reduce Italy's digital divide with the rest of Europe.

(Reporting by Elvira Pollina; editing by Agnieszka Flak)


© Reuters 2020
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Financials
Sales 2020 16 002 M 19 296 M 19 296 M
Net income 2020 1 036 M 1 249 M 1 249 M
Net Debt 2020 23 180 M 27 953 M 27 953 M
P/E ratio 2020 7,96x
Yield 2020 2,88%
Capitalization 8 454 M 10 190 M 10 194 M
EV / Sales 2020 1,98x
EV / Sales 2021 1,90x
Nbr of Employees 52 464
Free-Float 72,1%
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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 0,50 €
Last Close Price 0,39 €
Spread / Highest target 98,8%
Spread / Average Target 28,7%
Spread / Lowest Target -41,4%
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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