Streetbeat News

TIAIY

Telecom Italia S.p.A.

https://www.gruppotim.it/it.html

CEO

Luigi Gubitosi

Industry

All Other Telecommunications

Open

3.10

Mkt cap

5.3B

Volume

High

3.10

P/E Ratio

-4.55

52-wk high

3.37

Low

2.73

Div yield

N/A

52-wk low

2.29

KKR & Co. Inc. (NYSE:KKR) shares fell due to concerns from EU antitrust regulators about its planned purchase of Telecom Italia's (OTC:TIAIY) fixed-line network, which could affect Italy's wholesale market. The deal, valued at 22 billion euros, faces scrutiny that may require KKR to offer significant remedies amid fears of potential price increases post-deal. The acquisition is part of a government-backed initiative to reduce debt and revitalize Telecom Italia.

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 5:19 pm

KKR & Co. Inc.'s co-founder Henry Kravis is exploring potential business prospects in Italy, which may result in increased investments in the country. He has scheduled meetings with officials from three Italian private companies in the technology, manufacturing, and automation sectors. This comes ahead of KKR's binding offer for Telecom Italia's landline network, which could be worth $24.7 billion. KKR is also scaling up in the Indian market with an investment in Reliance Retail Ventures Limited, a subsidiary of Reliance Industries.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 1:47 pm

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