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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.

12 Articles

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

5 hours 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)

15 hours 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.

15 hours ago·United Kingdom

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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.

17 hours ago·United States

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Corriere Della Sera

Center

Tim Wins in Cassation Against the State: the Government Will Have to Pay over 1 Billion for the 1998 Canon

The judges were right to the telephone company after 27 years: the fee of 500 million euros was not due and now, between revaluations and interests, the government will have to return over a billion

17 hours ago·Italy

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La Repubblica

Lean Left

The Government Will Have to Pay Tim a Billion: the Cassation Loosens the Knot on the 1998 Canon

The Supreme Court ruled that the sum paid then for the concession was not due because the former monopolist had been privatised. The company: "It closes a dispute of more than 20 years." And with interest the sum doubled

19 hours ago·Turin, Italy

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