Telecom Italia

Telecom Italia posted Q2 EBITDA after lease liabilities of €998m (consensus €995m) and returned to profitability with a net profit of €88m. Group revenue rose 2% in the first half to €6.8bn, while adjusted EBITDA increased 6.3% excluding MVNO. Growth was driven by TIM Brasil and the enterprise business, with cloud revenues in the enterprise segment up 18.1%. Adjusted net debt was below €7.3bn, leverage stood at 1.94x; management confirmed guidance for 2026 and 2027. » Altro su de.investing.com

A court in Milan rejected Telecom Italia’s request for interim measures against the KKR-backed FiberCop. The dispute concerned new tariffs and the disclosure of the commercial terms of the Master Service Agreement that governs TIM’s network access. The court found that TIM’s interpretation of the contract is not supported by its basis and that the prices cited in the MSA do not apply to areas regulated by AGCOM, so FiberCop is not obliged to provide the requested disclosure. » Altro su de.investing.com

The supervisory board of Telecom Italia considers Poste’s €10.8 billion takeover bid to be appropriate and is expected to confirm this at a meeting before the start of the formal offer period. A positive assessment is likely to reduce pressure on Poste to raise the bid and could affect investors’ valuation of the deal. Poste already holds about 20% of Telecom Italia; after prior restructuring and debt reduction, the transaction would largely return the company to state control. » Altro su de.investing.com