TIM Receives Government Approval for Corporate Statute Amendment

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

Telecom Italia SPA (TIM) announced that the Italian government has decided not to exercise its special powers regarding the proposed amendment to the company’s corporate statute. This decision, related to the Golden Power regulations, allows TIM to proceed with its planned changes, potentially impacting its strategic direction and operations without government intervention.

The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.36 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 SPA, operating under the brand TIM, is a prominent player in the telecommunications industry, offering a range of services including mobile and fixed-line telephony, internet services, and digital solutions. The company primarily focuses on the Italian market, aiming to enhance connectivity and digital transformation within the region.

Average Trading Volume: 35,547,095

Technical Sentiment Signal: Buy

Current Market Cap: €8.91B

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