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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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Delayed Quote. Delayed Italian Stock Exchange - 01/22 11:41:46 am
0.3577 EUR   -1.35%
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Telecom Italia S p A : Italian court rejects TIM request to freeze 116 million euro fine

07/21/2020 | 08:46am EST
FILE PHOTO: Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan

An Italian administrative court has rejected a request by Telecom Italia to suspend a fine imposed by competition authorities for abusing its position in the broadband market, a court document showed on Tuesday.

In March, Italy's antitrust authority fined the former phone monopoly 116 million euros (104 million pounds), saying it had conducted a "premeditated anti-competition strategy" aimed at hindering competitors' investments in ultra-fast broadband.

That prompted Italian broadband operator Open Fiber to ask TIM for 1.5 billion euros in damages, sources have said. .

TIM, which appealed against the antitrust ruling, asked an Italian administrative court to freeze the payment pending a decision on the merit of the case. But the court ruled there were no compelling reasons to satisfy the request, the document showed.

The Italian competition watchdog had already extended the deadline for payment of the fine until Oct.1 due to the coronavirus emergency.

TIM declined to comment on Tuesday's ruling.

The company's shares were down 2.8% at 1430 GMT, against a 0.5% rise in Italy's all share index.

(Reporting by Domenico Lusi, Elvira Pollina; editing by James Mackenzie and Mark Potter)


© Reuters 2020
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Financials
Sales 2020 15 994 M 19 464 M 19 464 M
Net income 2020 1 130 M 1 375 M 1 375 M
Net Debt 2020 23 414 M 28 493 M 28 493 M
P/E ratio 2020 6,84x
Yield 2020 3,19%
Capitalization 7 816 M 9 514 M 9 511 M
EV / Sales 2020 1,95x
EV / Sales 2021 1,87x
Nbr of Employees 52 464
Free-Float 72,3%
Chart TELECOM ITALIA S.P.A.
Duration : Period :
Telecom Italia S.p.A. Technical Analysis Chart | TIT | IT0003497168 | MarketScreener
Technical analysis trends TELECOM ITALIA S.P.A.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 0,52 €
Last Close Price 0,36 €
Spread / Highest target 132%
Spread / Average Target 44,7%
Spread / Lowest Target -35,7%
EPS Revisions
Managers and Directors
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
Sector and Competitors