TIM CEO sees potential benefits of almost 5 bln euros from new business plan - paper
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2024
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Source: Yahoo Finance
- Telecom Italia CEO's Business Plan: The CEO of Telecom Italia (TIM) foresees potential additional benefits of nearly 5 billion euros from a new business plan, with intentions to use some for dividends and growth acceleration.
- Sale of TIM's Sparkle Unit: Ongoing talks for the sale of TIM's Sparkle unit have various possible outcomes that may be finalized soon.
- Fixed Network Grid Sale: Telecom Italia's plan to sell its fixed network grid to U.S. fund KKR is a key element of the business strategy and is expected to close within the planned timeframe.
- Financial Figures: The potential benefits from the new business plan are estimated at around $5.37 billion, which could impact dividends and growth initiatives.
- Future Business Developments: The CEO expressed confidence in the progress of negotiations and strategic moves outlined in Telecom Italia's plans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
