TIT IM

Telecom Italia S.p.A.

TMT


Presented:01/22/2015
Price:€1.02
Cap:$18.50B
Current Price:€0.25
Cap:$5.83B

Presented

Date01/22/2015
Price€1.02
Market Cap$18.50B
Ent Value$52.61B
P/E RatioN/A
Book Value€0.89
Div YieldN/A
Shares O/S19,334.86M
Ave Daily Vol108
Short IntN/A

Current

Price€0.25
Market Cap$5.83B
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services. It offers voice, data, and Internet services and products; public telephony; and information and communications technology solutions managed and developed for small and medium-size enterprises, small offices/home offices, public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets. The company is also involved in the management and development of portfolio of regulated and unregulated wholesale services for fixed and mobile telecommunications operators; and provision of services related to the development, building, and operation of network infrastructures, real estate properties and plant engineering, delivery processes, and assurance regarding customer services, as well as services related to the development and operation of information services. In addition, it provides multimedia, datacenter, and fixed and mobile applications; audiovisual and musical content for downloading, from the mobile phone or from the PC; and value-added and mobile financial services. The company serves consumer, business, and wholesale customers. It primarily operates in Europe, South America, and the Mediterranean Basin. Telecom Italia S.p.A. was founded in 1908 and is based in Milan, Italy.

Publicly traded companies mentioned herein: Telecom Italia (TIT IM), Tim Participacoes (TIMP3 BR). Vodafone (VOD), Oi SA (OIBR4 BR).

Highlights

Although the presenter sees shares of Telecom Italia as less contrarian today than in recent memory, he pointed out that the name is still contrarian in Europe, with the highest short interest of any European telco and a continued lack of favor among the sell side in the region. With the Italy market improving, however, and various M&A options available to the company, the presenter believes the stock offers many ways to win. He sees TIT IM as perhaps the best way to play European consolidation and QE.

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Idea Discussion

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