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    TIT   IT0003497168

TELECOM ITALIA S.P.A.

(TIT)
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KKR, CVC Capital in talks to jointly bid for Telecom Italia ľ Bloomberg News

11/25/2021 | 07:10pm EST

Nov 25 (Reuters) - KKR & Co and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA, Bloomberg News reported https://bloom.bg/3cNCTED on Thursday, citing people with knowledge of the matter.

The two private-equity firms have held exploratory talks about the potential for a joint offer, the report added, quoting people asking not to be identified as the talks are private.

CVC Capital declined to comment. KKR and Telecom Italia did not respond to a Reuters request for comment.

CVC has been studying a possible acquisition of Telecom Italia for several months, the people were quoted as saying in the Bloomberg News report, adding that the private-equity firms are still discussing the merits of teaming up for the joint bidding.

KKR had made a 10.8 billion euro ($12 billion) offer in the midst of a boardroom row between Telecom Italia CEO Luigi Gubitosi and the former Italian telecoms monopoly's top investor Vivendi.

Gubitosi told the board that he is ready to step aside to speed up a decision on the KKR offer, according to sources.

(Reporting by Anirudh Saligrama and Eva Mathews in Bengaluru; Editing by Nick Zieminski and Rashmi Aich)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
TELECOM ITALIA S.P.A. -1.07% 0.405 Delayed Quote.-5.67%
VIVENDI SE -0.44% 11.36 Real-time Quote.-4.04%
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Analyst Recommendations on TELECOM ITALIA S.P.A.
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Financials
Sales 2021 15 530 M 17 426 M 17 426 M
Net income 2021 283 M 317 M 317 M
Net Debt 2021 20 723 M 23 251 M 23 251 M
P/E ratio 2021 48,8x
Yield 2021 2,73%
Capitalization 8 572 M 9 672 M 9 618 M
EV / Sales 2021 1,89x
EV / Sales 2022 1,92x
Nbr of Employees 52 177
Free-Float 75,6%
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.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 0,41 €
Average target price 0,44 €
Spread / Average Target 8,28%
EPS Revisions
Managers and Directors
Pietro Labriola General Manager
Giovanni Ronca Chief Financial Officer
Salvatore Rossi Chairman
Michele Gamberini Chief Technology & Information Officer
Stefano Siragusa Chief Revenue, Information & Media Office
Sector and Competitors