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Telecom Italia SpA (TLIT.MI)

TLIT.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Telecom Italia says Italy wants say in key decisions for strategic assets
Monday, 16 Oct 2017 03:06pm EDT 

Oct 16 (Reuters) - Telecom Italia says: :received notification of Italy's decision to exercise golden power over company.golden power application involves governance, organization measures partly already implemented by company.Italy requires that matters related to national security at TIM, Sparkle and Telsy be handled by Italian citizen approved by government.asked by Italy that a special security organizational unit be involved in all decision making pertaining to strategic activities and network.special security unit to be entrusted to security official chosen from shortlist provided by Rome government.Italy asks that government be informed before any key decisions regarding strategic activities.has 90 days to comply with golden power requirements.  Full Article

Starting level of 2.5 bln euros reasonable for Italy's 5G auction - official
Monday, 16 Oct 2017 06:42am EDT 

Oct 16 (Reuters) - Italy Communications Undersecretary Antonello Giacomelli says: :Starting level of 2.5 billion euros for 5G frequencies auction could be reasonable.  Full Article

Vivendi shares open up 1.18 percent, Credit Suisse raises to "outperform"
Friday, 29 Sep 2017 03:07am EDT 

Sept 29 (Reuters) - Vivendi is top CAC-40 gainer at Paris open:Shares open up 1.18 percent.Credit Suisse raises to "outperform" from "underperform".The process Italy has launched and which could lead to a fine for failure to notify the government of Vivendi assuming de facto control of Telecom Italia <<>> is against the Italian phone group, government sources said. nI6N1M300C.  Full Article

Telecom Italia chairman says company has appointed new CEO
Thursday, 28 Sep 2017 12:54pm EDT 

Sept 28 (Reuters) - Telecom Italia Chairman Arnaud de Puyfontaine tells journalists at the end of a board meeting::the company has appointed a chief executive, you will learn his name soon .  Full Article

Vivendi to appeal Consob decision on Telecom Italia
Wednesday, 13 Sep 2017 04:02pm EDT 

Sept 13 (Reuters) - Vivendi SA :Vivendi says takes note of the position expressed by the Consob, declaring the existence of a de facto control by Vivendi over Telecom Italia..Vivendi says formally contests that interpretation and will appeal to the competent courts..The Group reiterates that it has always complied with applicable law and regulations. .  Full Article

Telecom Italia to appeal watchdog ruling Vivendi has de facto control
Wednesday, 13 Sep 2017 03:05pm EDT 

Sept 13 (Reuters) - Telecom Italia says::it will appeal watchdog Consob's ruling that shareholder Vivendi has de facto control of the telecom group.Consob ruling diverges significantly from established interpretation of corporate control.  Full Article

Italy watchdog says Vivendi's stake in Telecom Italia is effective controlling stake
Wednesday, 13 Sep 2017 02:29pm EDT 

Sept 13 (Reuters) - Italy's market watchdog Consob says::Vivendi's stake in Telecom Italia should be considered as an effective controlling stake.  Full Article

Notorious Pictures signs agreement with TIM to distribute 71 films on Timvision
Thursday, 3 Aug 2017 06:01am EDT 

Aug 3 (Reuters) - NOTORIOUS PICTURES SPA :SIGNS AGREEMENT WITH TIM FOR DISTRIBUTION OF 71 FILMS ON TIMVISION.  Full Article

Spain's Telefonica no longer holds shares in Telecom Italia - filing
Tuesday, 25 Jul 2017 09:00am EDT 

July 25 (Reuters) - Telecom Italia: :Spain's Telefonica no longer holds shares in the Italian phone group after the expiry of a convertible bond, a filing by Italian market regulator Consob shows .  Full Article

Telecom Italia to pay CEO Cattaneo 25 mln euros to step down as CEO on July 28
Monday, 24 Jul 2017 02:51pm EDT 

July 24 (Reuters) - Telecom Italia says in a statement on Monday::board agrees by majority vote a settlement deal to end the mandate of Flavio Cattaneo as Chief Executive Officer.Cattaneo to step down as CEO on July 28 and as general manager as of July 31.Cattaneo to receive 22.9 million euros gross by way of settlement payment, plus 2.1 million euros gross relating to non-competition, non-solicitation and non-poaching covenants for one year as regards the main competitors of the company in Italy and Brazil.company has started the process of finding a successor to Cattaneo, board will further discuss the matter on July 27.Cattaneo currently owns 1.5 million Telecom Italia shares.will start a second phase of company turnaround pursuing the targets set by Cattaneo, and especially the fibre optic rollout plan.  Full Article