(ANSA) – MILAN, DEC 16 – Negative session but without collapses for Tim in Piazza Affari the day after the third profit warning in a short time: the stock closed down 0.93% to 0.439 euros, after hitting a low session at € 0.429. Tim Brasil, who in Sao Paulo is moving around parity, is also holding on.
The Tlc group is on the eve of the Board of Directors at the end of the year which will also analyze the possible takeover bid for Kkr at € 0.505 and the Tim stock has not diverged too much from the ‘parachute’ so far offered by the expression of interest, despite the organic gross operating margin of the Domestic Business Unit is now estimated to decrease, “low teens decrease” (between 13-15%) compared to 2020, with a worsening compared to the previous forecast communicated in October. A decrease mainly attributable to lower revenues from fixed telephony, partly also connected to the progress of the agreement with Dazn for the distribution of the Serie A Tim. (HANDLE).
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Source From: Ansa
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