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Italy's TIM wins 1 bln euro court payout, eyes savings share conversion

Summary

Telecom Italia (TIM) said Italy's highest court had ruled in its favour in a long-running concession fee case, confirming the group is owed just over 1 billion euros ($1.2 bln) to end a dispute that has dragged on for over two decades. In a statement on Saturday, the former phone monopoly confirmed what sources had earlier told Reuters.

15 Articles

ilmessaggero.it

Center

Tim Anticipates the Council, Tonight the Conversion of the Savings Shares

Tim anticipates the extraordinary council for the conversion of savings shares to this evening - Sunday 21 -, having obtained Saturday 20, the favorable judgment of the Supreme Court that...

3 months ago

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il Giornale

Lean Right

The State Owes a Billion to Telecom

Confirmed the decision of the Appeal, for the Cassation the canon was not due

3 months ago·Italy

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Bloomberg

Lean Left

Telecom Italia Said to Win Final Ruling to Recover €1 Billion

Telecom Italia SpA won a long-running legal case against the Italian government that will provide the former phone monopoly with a windfall of about €1 billion ($1.2 billion)

3 months ago·United States

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Reuters

Center

Italy's TIM wins 1 bln euro court payout, eyes savings share conversion

The case dates back to 1998.

3 months ago·United Kingdom

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Globo

Lean Right

Telecom Italia Wins Final Lawsuit and Recovers €1 Billion.

The measure concludes a legal process that lasted approximately three decades and makes the payment binding.

3 months ago·Brazil

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CNBC

Center

Italy's Telecom Italia wins $1.2 billion court payout, eyes savings share conversion

The amount TIM is entitled to is roughly double the original licence fee, worth slightly more than 500 million euros, due to revaluation and accrued interest.

3 months ago·United States

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