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telecom italia spa (TIT*) Snapshot

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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
13.5B
EX-Date
04/21/14
P/E TM
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Current Stock Chart for TELECOM ITALIA SPA (TIT*)

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telecom italia spa (TIT*) Details

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services. It offers voice, data, and Internet services and products; public telephony; and information and communications technology solutions managed and developed for small and medium-size enterprises, small offices/home offices, public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets. The company is also involved in the management and development of portfolio of regulated and unregulated wholesale services for fixed and mobile telecommunications operators; and provision of services related to the development, building, and operation of network infrastructures, real estate properties and plant engineering, delivery processes, and assurance regarding customer services, as well as services related to the development and operation of information services. In addition, it provides multimedia, datacenter, and fixed and mobile applications; audiovisual and musical content for downloading, from the mobile phone or from the PC; and value-added and mobile financial services. The company serves consumer, business, and wholesale customers. It primarily operates in Europe, South America, and the Mediterranean Basin. Telecom Italia S.p.A. was founded in 1908 and is based in Milan, Italy.

65,872 Employees
Last Reported Date: 11/7/14
Founded in 1908

telecom italia spa (TIT*) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: €1.0M
Compensation as of Fiscal Year 2013.

telecom italia spa (TIT*) Key Developments

Telecom Italia Reportedly Aims To List Mobile Towers Unit By June

Telecom Italia S.p.A. (BIT:TIT) is gearing up for listing its mobile towers unit by June 2015, Italian business daily Il Sole 24 Ore reported. Telecom Italia has picked Deutsche Bank and Banca Imi as advisers to the initial public offering (IPO), the newspaper added. Initially Telecom Italia had planned to sell the towers unit, expecting to gain some €1 billion from the deal. Later, Telecom Italia chose the IPO path to enhance the value of its towers business, with which it will obtain less, in view of the fact that is will not sell 100% of the asset, on one hand, and will have to take into account the discount which usually accompanies market listings, on the other, Il Sole argues.

Italian Consumers Demand Refund After AGCM Fines Telecom Italia, 3 Italia, Wind and Vodafone Italia

Italian consumer association Altroconsumo has called on Telecom Italia, 3 Italia, Wind and Vodafone Italia to refund customers after the country's competition regulator AGCM fined the operators a total of over EUR 5 million for premium mobile services charged without user permission. The watchdog accused the operators of unfair and aggressive commercial practices and of misleading customers by including paid services that weren't requested or were requested unknowingly on their monthly phone bills. Altroconsumo announced that the 'historic' decision but went on to say that 'every single euro, unjustly and wrongfully charged, must be refunded to customers'. The consumer body sent a formal notice to each operator, adding that it would be following the case closely and would proceed to file a collective class action if the operators refused to refund customers for charges incurred after they unknowingly subscribed to premium services.

Metroweb Gauges Merger Interest

Metroweb Italia S.p.A. has reportedly sent out letters of invitation to a number of leading banking firms requesting advisory services over its possible merger with either Vodafone Omnitel B.V. or Telecom Italia S.p.A. (BIT:TIT). According to local media reports, letters were sent to Lazard, HSBC, Rothschild and Leonardo & Co, with responses expected by the end of next week. Telecom Italia and Vodafone have both expressed an interest in bidding for control of Metroweb, but infrastructure fund Fondo Italiano per le Infrastrutture, which owns an indirect stake in the firm, is not expected to make a decision on the future of the company until the two interested parties reveal their investment plans.

 

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