Report
Stephane Beyazian

Telecom Italia : 2-3 facteurs de hausse probable à court-terme (M&A, gain sur litige)

>Nos nouvelles prévisions avec la cession de NetCo - Nous déconsolidons de nos prévisions l’activité de réseau NetCo qui a été cédée pour 14 Md€ (impact ~35% sur l’EBITDA groupe). Notez que nous sommes en avance par rapport à la première publication de comptes sans NetCo (au T3 2024), ce qui peut engendrer de futurs ajustements. Nous prévoyons une croissance de 1% du CA TMVA sur 2023-2026, 5% de l’EBITDAaL (réductions de coûts en Italie) et des FCF positifs à partir d...
Underlying
Telecom Italia S.p.A.

Telecom Italia is a telecommunications group based in Italy. Co. is engaged in the communications sector and, particularly, the fixed and mobile national and international telecommunications sector, the television sector and the office products sector. Co. operates mainly in Europe, South America and the Mediterranean Basin. Co.'s operations are organized along two operating segments: Domestic - Italy (providing telephone and data services on fixed-line and mobile networks for final customers (retail) and other operators (wholesale)); and Brazil (operates in the mobile phone, fixed telephony, in long-distance and data transmission markets in Brazil).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Beyazian

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