Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

Italy's TIM on track to secure state-backed credit line - sources
10/05/2022 17:24 RSF
By Giuseppe Fonte, Valentina Za and Elvira Pollina
ROME, May 10 (Reuters) - Telecom Italia (TIT.MI) is on track to secure state guarantees on a credit facility worth up to 3 billion euros ($3.2 billion) with a preliminary green light expected on Wednesday, three people close to the matter said.

The state-guaranteed loan would shore up TIM's (TIT.MI) finances as new CEO Pietro Labriola readies a new turnaround plan for the former phone monopoly, which posted a record 8.4 billion euro net loss last year.

A group of banks comprising Italy's UniCredit (UCG.MI), France's BNP Paribas (BNP.EQ) and Credit Agricole (ACA.EQ) as well as Spain's Santander (SAN.MC) have pre-approved the financing for TIM subject to the Italian state providing guarantees, the sources said.

All interested parties declined to comment.
 
Per riassumere la situazione Telecom rispetto alle informazioni postate, telecom quest'anno non ha deliberato pagamento dividendi nè per le azioni ordinarie nè per le risparmio. Può quindi richiedere un prestito SACE che dovrebbe consentirgli di finanziarsi a bassi tassi nonostante il downgrade sul debito. A settembre dovrebbe esserci un esborso consistente per le frequenze 5G
 

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