Telecom Italia, Vivendi: “Italy is a priority”
Telecom Italia gain momentum in Bag on the eve of the words of Vivendi: with an increase of more than two points, it is among the best in the main list, in the aftermath of the Vivendi assembly, during which full support to the management of Tim, starting with the managing director Pietro Labriola, and the industrial plan being prepared and defined as “ambitious”.
The title it rises by 2.3% to 0.286 euros per share, after reaching a maximum of 0.2877 euros. Vivendi, termination of the dispute with Mediasetmade it known that Italy is “more than ever a priority” and therefore reiterated its desire to remain a long-term investor, helping the Tlc group to “express its value” and “get back on track of success “, as the CEO explained, Arnaud de Puyfontaine.
As for the interest of Kkr, Vivendi he reiterated that he had “much more important ambitions on the value of Tim“compared to the 0.505 euros per share indicated by the fund. Vivendi, which has the shares after the last devaluation Tim recorded in the balance sheet at € 0.657, he believes that the Italian operator has “a lot of potential in a market that has prospects for the future”.
All this while Telecom has important appointments ahead of him, starting with the formalization of the commercial agreement with Open Fiber and the signing of the memorandum of understanding on the single network with CDP, both scheduled for this week, while on May 4th it will be the approval of the accounts for the first quarter.
Meanwhile, Tim Brazil gave a presentation on the impacts of the Oi operation, which closed last week. For 2022, the company expects additional revenues of 1.8 billion Brazilian reais over eight months and 1.1 billion Ebitda. The deal, according to management, should generate 16-19 billion real in value compared to the 7 billion paid.
“The presentation detailed Oi’s asset integration plan, which appears to be in line with the guidance provided in the 2022-2024 Business Plan”, underlined the analysts of Intesa Sanpaolo. According to experts from Akros Bank, “the main positive point of the presentation concerns the level of synergies, the value of which is more than double the price paid”.
