Telecom Italia Completes Take-Up of Withdrawing Savings Shares, Awaits Creditor Green Light

An announcement from Telecom Italia SPA ( (IT:TITR) ) is now available.

Telecom Italia has completed the rights offering and pre-emption process relating to 2,014,231 savings shares for which dissenting savings shareholders exercised withdrawal rights following approval of the conversion of savings shares into ordinary shares. All shares subject to withdrawal have been fully taken up by TIM shareholders through option and pre-emption rights at a liquidation value of €0.5117 per share, for a total liquidation amount of €1,030,682.

The completion of the conversion remains conditional on the absence of creditor objections, or court authorisation if objections arise, to the related share capital reduction approved in January 2026. Until that condition is satisfied, both the liquidation of the withdrawing shareholders’ positions and the transfer of the purchased shares are suspended, and if the condition is not met, the shares will revert to their original holders without cost, underscoring that the transaction’s final impact on TIM’s capital structure still depends on creditor outcomes.

The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.55 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.

More about Telecom Italia SPA

Telecom Italia (TIM S.p.A.) is a major Italian telecommunications group, providing fixed-line and mobile services, data connectivity and related digital solutions to retail and corporate customers. The company focuses on the Italian market and selected international operations, competing with other European telecom operators in a mature and highly regulated sector.

Average Trading Volume: 46,011,189

Technical Sentiment Signal: Buy

Current Market Cap: €14.75B

Learn more about TITR stock on TipRanks’ Stock Analysis page.