Home » Business » Telecom Italia TIM Stock Surges 4.5% at FTSEMib: What’s Behind the Record Performance?

Telecom Italia TIM Stock Surges 4.5% at FTSEMib: What’s Behind the Record Performance?

Telecom Italia TIM recorded the best performance of the day at FTSEMib. The title gained 4.5% at 0.2809 euros, the high of the day (minimum of 0.2695 euros).

The telephone company announced that it had received notification of an ordinary summons from Vivendi, in which the legitimacy of the board resolution taken by the company on 5 November 2023, which approved the sale of the so-called NetCo, was contested. Telecom Italia TIM clarified that Vivendi has not formulated any precautionary request, nor has it asked to urgently inhibit the execution of the resolution and the consequent negotiating acts. The telephone company reiterated that the activities envisaged in the agreements with KKR aimed at closing the operation will therefore continue, as expected, without delays or interruptions.

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2023-12-18 16:36:00
#Rally #Telecom #Italia #TIM

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