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Telecom Italia SPA ( (IT:TITR) ) just unveiled an update.
TIM’s shareholders have approved the conversion of the company’s savings shares into ordinary shares and a voluntary reduction of share capital, in a move aimed at simplifying the capital structure and reallocating equity into legal and available reserves. At meetings representing more than half of both overall and savings share capital, investors backed a one‑for‑one conversion of savings into ordinary shares with small cash adjustments, the appointment of two previously co‑opted directors to serve until the 2026 financial statements, and a cut in nominal share capital to €6 billion, subject to conditions on the cost of redeeming dissenting savings shareholders and the absence (or court clearance) of creditor opposition; the package is expected to streamline governance and potentially enhance liquidity for shareholders while concentrating equity resources on reserves rather than paid‑in capital.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.69 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) is a leading Italian telecommunications group providing fixed and mobile telephony, broadband, and data services to consumer and business customers, with a strategic focus on domestic connectivity and digital infrastructure through its Gruppo TIM operations.
Average Trading Volume: 33,810,526
Technical Sentiment Signal: Buy
Current Market Cap: €12.86B
Find detailed analytics on TITR stock on TipRanks’ Stock Analysis page.