Report
Stephane Beyazian

Telecom Italia : An unprecedented plan that justifies the strong potential for revaluation

>Annual cash flow growth of 19% for 2024-2026 - While Telecom Italia is on the verge of normalising its debt with the sale of the NetCo network for € 19-22bn, yesterday evening the group published its pro forma financial targets: 2023-2026e CAGR for revenue of 3% (of which 2-3% in Italy), 8% for EBITDAaL (including 9-10% in Italy) and 19% for EBITDAaL-capex (including 11-12% in Italy) with the help of stable investments. Telecom Italia expects to be FCF positive in It...
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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