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News Breaks
January 15, 2014
09:00 EDTTITelecom Italia rises 3.6%
Telecom Italia is up 3.6%, or 39c, to $11.30
News For TI From The Last 14 Days
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October 14, 2014
09:51 EDTTITelecom Italia CEO says Tim Participacoes not in rush for deal, Reuters reports
Telecom Italia (TI) CEO Marco Emilio Patuano told Valor Economico that TIM Participaçoes (TSU) can remain competitive in Brazil for five years without losing market share and that it is not in a rush for potential mergers and acquisitions, reported Reuters. TIM Brasil reportedly hired an advisor to look at a potential bid for Oi (OIBR), a source told Reuters previously, and Oi itself has hired a bank as well to advise it on a possible bid for Telecom Italia's 67% stake in TIM Brasil, the report noted, but Patuano told Valor: "I find it curious to see public comments [on a potential Oi bid for TIM] well before there is any concrete possibility of such a thing happening. Telecom Italia is not seeking an offer." Reference Link
October 7, 2014
11:33 EDTTITelecom Italia mulls Brazil investment strategy, Reuters says
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October 6, 2014
06:50 EDTTITIM asks Banco Bradesco to review Oi offer, Reuters says
TIM Participacoes (TSU) appointed the investment banking division of Banco Bradesco (BBD) to review a possible offer for competitor Grupo Oi (OIBR), according to Reuters, citing a source with knowledge of the situation. The source said that Telecom Italia (TI) would use TIM as a means to incorporate all or only a portion of Oi's assets in a potential agreement. Telecom Italia is the controlling stakeholder of TIM. Reference Link

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