Overview

• CEO Thomas Reynaud said discussions with Telecom Italia stopped in early April and will not resume.
• Telecom Italia shares fell 8.8% to €0.414 in Milan following Reynaud’s comments.
• Iliad reported first-half net profit of about €700 million on €5.08 billion in revenue, with EBITDA above €2 billion and up 10.1%.
• In Italy, Iliad’s first-half revenue rose 9.2% to €603 million and subscribers reached 12.5 million as of June 30.
• BlackRock re-emerged above a 5% stake in TIM, according to financial reports, even as coverage cited leadership-control demands and political sensitivities as hurdles to any tie-up.