TIM's stock came under heavy pressure
on the Milan stock market on Thursday after the telecoms
operator posted losses of 8.7 billion euros for 2021, including
4.1 billion attributable to an assets depreciation.
Investors also appeared to be unconvinced by CEO Pietro
Labriola's strategy for the next three years, with a plan to
divide the group into separate network company that Sparkle
would go into and a service businesses.
This has been presented as an alternative to the
10.8-billion-euro takeover bid from U.S. fund KKR.
After being suspended several times for excessive volatility on
Thursday, TIM's share price was down 13% on 0.29 euro.
ALL RIGHTS RESERVED © Copyright ANSA
