Telecom Italia SpA

TIT: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€8.86	Plh	Nrbp

Fixed-Line Network Rumors Cause Some Share Price Volatility on Telecom Italia; EUR 0.40 FVE Intact

Javier Correonero

Nov 8, 2021

Different rumors regarding potential strategic options for Telecom Italia’s (TIM) fixed-line network have been coming from the press in recent days, mainly Bloomberg and Reuters, causing share price volatility on the stock. Shares were up by 10% during late last week and are down Nov. 8 close to 3% at the time of the writing based on new rumors. We are maintaining our EUR 0.40 fair value estimate and no-moat rating with a very high uncertainty rating.

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