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The latest update is out from Telecom Italia SPA ( (IT:TITR) ).
TIM has secured a definitive legal victory in a long-running dispute over a 1998 concession fee, after Italy’s Court of Cassation rejected an appeal by the Prime Minister’s Office and upheld an earlier ruling by the Rome Court of Appeal. The decision confirms that TIM is entitled to a refund of slightly more than €1 billion, comprising the original fee of just over €500 million plus revaluation and accrued interest, closing a case that has dragged on for more than two decades and potentially strengthening the company’s financial position.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.58 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, operating under the TIM brand, is a major Italian telecommunications group providing fixed-line and mobile services, as well as data and internet connectivity, primarily in Italy and selected international markets. The company plays a central role in the country’s communications infrastructure and competes with other European telecom operators in both consumer and enterprise segments.
Average Trading Volume: 25,434,288
Technical Sentiment Signal: Buy
Current Market Cap: €11.11B
See more insights into TITR stock on TipRanks’ Stock Analysis page.