0848 GMT - Telecom Italia's free cash flow after leases raises some concerns, ING analyst Jan Frederik Slijkerman writes in a note. The first-quarter results of the Italian telecommunications company--also known as TIM--look solid, Slijkerman says. However, the company's equity free cash flow after leases figure is relatively low compared with its debt, he notes. Nonetheless, this concern is mitigated by Poste Italiane's recent shareholding, he adds. The Italian postal-service provider became TIM's largest shareholder after it acquired 15% of the company's ordinary shares from Vivendi last March. Shares are down 1.9% at 0.35 euros. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 04:48 ET (08:48 GMT)
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