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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Telecom Italia    TIT   IT0003497168

TELECOM ITALIA (TIT)
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Telecom Italia : TIM reiterates that there was no obligation to notify

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09/29/2017 | 07:06pm CET

In relation to the ruling by the Golden Power Committee, TIM reiterates that, in its opinion, there was no obligation to notify in that the Company never resolved on nor implemented any act or operation which may have changed ownership, control or availability of the electronic communication network subject to the law on golden power: the network always stayed in TIM's full ownership, control and availability.

Under this point of view, it's not relevant the alleged acquisition by Vivendi of TIM's control, irrespective of the autonomous considerations made on the existence of the same and it is useful to remember that no burden of giving notification is foreseen for transferring control to an European party.

Furthermore, TIM informs that up to date no fine was imposed by the Italian Government. Any eventual measure will be taken only after the closing of the administrative procedure started in this regard with yesterday's decision.

The Company, in keeping with its interests, will continue to assert its arguments before the competent courts, certain that it has acted in compliance with the laws.

Rome, 29 September 2017

Telecom Italia S.p.A. published this content on 29 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2017 17:04:08 UTC.

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Financials (€)
Sales 2017 19 715 M
EBIT 2017 4 139 M
Net income 2017 1 499 M
Debt 2017 26 484 M
Yield 2017 0,40%
P/E ratio 2017 10,71
P/E ratio 2018 9,61
EV / Sales 2017 2,09x
EV / Sales 2018 2,04x
Capitalization 14 800 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 1,00 €
Spread / Average Target 36%
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Managers
NameTitle
Amos Genish Chief Executive Officer & Director
Arnaud Nicolas de Puyfontaine Executive Chairman
Piergiorgio Peluso CFO, Head-Administration, Finance & Control
Roberto Mazzilli Head-Information Technology & Security Compliance
Lucia Calvosa Independent Director
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