TIM, board meeting and Q3 earnings on november 14
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On Wednesday, November 13, TIM's Board of Directors will review the status of ongoing negotiations, which are a key part of the company's restructuring. By November 30, the consortium formed by the Ministry of Economy (MEF) and Asterion is required, as per their prior commitment, to submit a binding offer to TIM to acquire 100% of Sparkle S.p.A., the Italian telecommunications company controlled by Telecom Italia and managing a Tier 1 network.
On Thursday, November 14, when TIM presents its Q3 2024 earnings, expected to show a 3.6% revenue increase and debt below €8 billion, the progress of the negotiations will also be closely examined. Investors are hoping for improved profitability, which could provide a boost to the company's valuation, currently hovering just above its 12-month lows.
All these points will be closely scrutinized by investors, keen to understand the developments in the negotiations. A high degree of uncertainty also surrounds the potential exit of Vivendi, TIM's largest shareholder with a 23.75% stake. On the same day, November 14, the Milan Court will hold a hearing on Vivendi's appeal regarding the TIM board’s decision to not approve the sale of the network to the consortium led by KKR. A ruling is expected soon after.
Fabio Accinelli
On Thursday, November 14, when TIM presents its Q3 2024 earnings, expected to show a 3.6% revenue increase and debt below €8 billion, the progress of the negotiations will also be closely examined. Investors are hoping for improved profitability, which could provide a boost to the company's valuation, currently hovering just above its 12-month lows.
All these points will be closely scrutinized by investors, keen to understand the developments in the negotiations. A high degree of uncertainty also surrounds the potential exit of Vivendi, TIM's largest shareholder with a 23.75% stake. On the same day, November 14, the Milan Court will hold a hearing on Vivendi's appeal regarding the TIM board’s decision to not approve the sale of the network to the consortium led by KKR. A ruling is expected soon after.
Fabio Accinelli