Telecom Italia Stock (TIAOF) UP 65%

Telecom Italia Stock (TIAOF) UP 65%

  • After a steady fall for almost a year, Telecom Italia stock price shot up by 65% after KKR & Co. an American investment company bought it for $12 billion and took it private.

KKR & CO. is a global investment company that has invested in more than 280 private equity companies. Total valuation of all these portfolio companies is $545 billion. 

  • This move by KKR & Co. has created a lot of positive sentiment for Telecom Italia stocks. And this move by a well renowned investment group has brought Telecom Italia stocks in the spotlight. 

On 23rd it topped the list of gainers with a jump of 65% in its stock price. Unfortunately, a private company can no longer sell its shares to the public. It can only offer the shares to existing shareholders, professional investors or companies. 

To get the insight scoop about mergers before they become public knowledge, you can visit here. 

Opinion – KKR & Co. has a remarkable portfolio that represents that they have built successful businesses out of failing companies. The group must have a long term vision for Telecom Italia. It would be a great opportunity for the KKR & Co. group to enter into the Italian telecom industry. 

Opinion – After going through a massive reorganisation of business model, their is a potential of Telecom Italia going public again in near future.

Written by Angela Vera

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