Last €7.18 EUR
Change Today +0.172 / 2.45%
Volume 0.0
As of 10:47 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

telecom italia spa-spon adr (TQI1) Snapshot

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06/12/14 - €7.72
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09/25/13 - €4.54
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telecom italia spa-spon adr (TQI1) Details

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services. It offers voice, data, and Internet services and products; public telephony; and information and communications technology solutions managed and developed for small and medium-size enterprises, small offices/home offices, public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets. The company is also involved in the management and development of portfolio of regulated and unregulated wholesale services for fixed and mobile telecommunications operators; and provision of services related to the development, building, and operation of network infrastructures, real estate properties and plant engineering, delivery processes, and assurance regarding customer services, as well as services related to the development and operation of information services. In addition, it provides multimedia, datacenter, and fixed and mobile applications; audiovisual and musical content for downloading, from the mobile phone or from the PC; and value-added and mobile financial services. The company serves consumer, business, and wholesale customers. It primarily operates in Europe, South America, and the Mediterranean Basin. Telecom Italia S.p.A. was founded in 1908 and is based in Milan, Italy.

65,619 Employees
Last Reported Date: 04/15/14
Founded in 1908

telecom italia spa-spon adr (TQI1) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: €1.0M
Compensation as of Fiscal Year 2013.

telecom italia spa-spon adr (TQI1) Key Developments

Telecom Italia Teams Up with Jasper Technologies , Ericsson on M2M Rollout

Telecom Italia Digital Solutions signed two partnership agreements with Jasper Technologies and Ericsson to create a new Machine-to-Machine (M2M) platform for Italian and international business customers. As part of the agreement Jasper's cloud-based M2M/IoT service platform, which automates the delivery and management of mobile services to all types of connected devices, will be interconnected with Telecom Italia's mobile network. Telecom Italia Digital Solutions also plans to deploy the Ericsson Device Connection Platform (DCP) to address the B2B2C model of the connected electronic devices market. The company is hoping Ericsson's multiplatform configuration will enable it to create dedicated M2M products intended for the automotive, connected car and manufacturing sectors, particularly with regard to smart cities, smart automation and metering. Ericsson has also been selected to support the integration of both platforms.

Vivendi Reportedly Eyes 11% Stake In Reti Televisive Italiane

Vivendi Société Anonyme (ENXTPA:VIV) is looking to acquire 11% stake in R.T.I. - Reti Televisive Italiane S.p.A. from Telefónica, S.A. (CATS:TEF), Bloomberg reported citing people familiar with the matter. Vivendi Société Anonyme could further increase its stake in R.T.I. - Reti Televisive Italiane S.p.A. controlled by Mediaset SpA (BIT:MS) and seek synergies with Telecom Italia S.p.A. (BIT:TIT). Telefónica, S.A. has the right to sell back its 11% stake in R.T.I. - Reti Televisive Italiane S.p.A. if it finds another partner for the business. Vivendi Société Anonyme declined to comment.

America Movil Enters Talks To Make A Joint Bid With Oi SA For TIM Participacoes

America Movil S.A.B. de C.V. (BMV:AMX L) said it plans to enter talks to make a joint bid with Oi SA (BOVESPA:OIBR4) for Telecom Italia S.p.A.'s (BIT:TIT) TIM Participacoes S.A. (BOVESPA:TIMP3). No formal agreement has been reached, America Movil Chief Financial Officer Carlos Garcia-Moreno said on September 7, 2014 in a phone interview, reported Bloomberg. The proposal is being arranged by Banco BTG Pactual SA, which Oi hired in August 2014 to use as a vehicle to acquire shares of Tim Participacoes. “We’re initially interested in talking to the company to understand the offer more and explore the opportunity,” Garcia-Moreno said, “In terms of financing, I don’t think it will be a problem. Presuming there is an acquisition, we’d have to see what size it is, and probably we would have to take on some debt.” Press officials at Tim and Telecom Italia declined to comment on Oi and America Movil’s potential bid, reported Bloomberg.


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