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Last €9.35 EUR
Change Today -0.161 / -1.69%
Volume 0.0
TQI1 On Other Exchanges
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As of 3:55 AM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

telecom italia spa-spon adr (TQI1) Snapshot

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07/20/15 - €9.77
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10/16/14 - €5.95
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telecom italia spa-spon adr (TQI1) Details

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services. It offers public telephony; voice, data, and Internet services and products; 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 other support structures, including development, engineering, building, and operation of network infrastructures, real estate properties and plant engineering, delivery processes, and assurance for customer services, as well as services related to the development and operation of information technology. In addition, it provides multimedia, datacenter, and fixed and mobile applications; and value-added and mobile financial services. The company primarily operates in Europe, South America, and the Mediterranean Basin. Telecom Italia S.p.A. was founded in 1908 and is headquartered in Rome, Italy.

65,837 Employees
Last Reported Date: 06/19/15
Founded in 1908

telecom italia spa-spon adr (TQI1) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: €2.9M
Compensation as of Fiscal Year 2014.

telecom italia spa-spon adr (TQI1) Key Developments

Telecom Italia Plans to Cut 1,700 Jobs

Telecom Italia has informed trade unions that it plans to lay off 1,700 workers. The announcement followed a meeting with the ministry of economic development on the operator's employment policy. The job cuts will affect customer services, directory assistance and business support, and to a lesser extent the Open Access and IT departments. It also announced the withdrawal of an earlier proposal to hire 4,000 young people over the next four years. The company had hoped to benefit from a state reform that allowed the gradual replacement of older workers with young employees, but the so-called expansive solidarity legislation has not yet taken effect. As a result, the company is not able to maintain current employment levels and must reduce labor costs.

Telecom Italia Presents Trade Unions with Plan to Redimension the Workforce and Reduce Labor Costs of Specific Divisions

Telecom Italia announced that in a meeting held July 24, 2015 at the Ministry of Economic Development, it has informed the Trade Union Organizations of the need to start negotiations about staffing levels within the Group and on the need to realign labour costs in specific divisions within the Company. In recent months Telecom Italia has been working on a plan that envisaged creating up to 4,000 new jobs for young over the next four years, following the introduction of a so called "expansive solidarity" programme. This legal provision would have enabled current employment levels to be protected, allowing progressive implementation of generational change in companies with employees of high average age, as is the case for Telecom Italia, to ensure the relevant skill sets and new expertise are met. "Expansive solidarity", which was initially put forward by the Italian Government as one of the proposals for the labor market reform, has not yet been included in the published decrees of the Jobs Act. Telecom Italia still willing to implement a project to hire young people - has decided to postpone all decisions regarding new recruitment until the Government takes the next steps on this subject. Consequently, as of July 24, 2015, the staffing issues remains and, in some divisions, also the issue of labor costs. Telecom Italia has therefore informed trade unions about a plan that envisages: for the Caring Service (Customer Services) sector, as already provided by the 2013 business plan, the move in house of the sector employees into the new subsidiary Tim Caring Srl, within a short period of time. Furthermore, excesses have been identified within the division Directory Assistance, for whom the current defensive solidarity arrangements expire in August excesses have been mostly identified also within Staff areas (in the broader sense of the term, including business support activities) and in fewer numbers in the Cross Activity business of Open Access and in Telecom Italia Information Technology. The number of redundancies communicated to the Trade Union Organizations is approximately 1,700 in the whole Telecom Italia Group. The Company is willing to further discuss with the Trade Unions to identify the needed solutions that conjugate safeguard of employment with efficient and sustainable labor cost. The parties have agreed to carry on negotiations at the Ministry over the next days.

Akamai and Telecom Italia Enter into Partnership to Offer Content Delivery and Web Optimization Solutions

Akamai Technologies, Inc. and Telecom Italia announced a partnership agreement to offer Content Delivery Network and web optimization services and solutions to Italian companies. Driven by explosive growth in digital media, the initiative includes Telecom Italia offering and marketing, within the Italian market, of Akamai's suite of services (including web acceleration and security) capable of providing optimum performance for the distribution of high-quality video and Internet content. The agreement also includes a direct connection between Telecom Italia's IP network and the global Akamai Platform. It represents an important step in how a Telco and a Content Delivery Network provider can maximize Internet infrastructure assets, enhancing the end user experience on premium content.


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Valuation TQI1 Industry Range
Price/Earnings 38.0x
Price/Sales 1.1x
Price/Book 1.3x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful

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