EU probes EUR 22 billion Telecom Italia deal: target for Telecom Italia stock is EUR 6.56

Published on 10/20/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EU objections concern KKR's NetCo disclosures dated October 19, 2026. Telecom Italia stock has a EUR 6.56 target from nine analysts.

Regulatory scrutiny and forward dates

The European Commission issued objections over KKR's EUR 22 billion NetCo deal on October 19, 2026.
MarketScreener lists nine analysts and an average EUR 6.56 target for Telecom Italia.
Telecom Italia stock was last quoted at EUR 5.55 on Borsa Italiana on October 20, 2026 at 10:23 a.m. CEST.
Telecom Italia targets 5.00 percent to 6.00 percent EBITDA after lease growth for fiscal year 2026.

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Telecom Italia (ISIN IT0003497168) faces fresh regulatory scrutiny after the European Commission issued objections over KKR's EUR 22 billion acquisition of Telecom Italia's fixed-line network business on October 19, 2026. MarketScreener also lists nine analysts and an average target of EUR 6.56 for Telecom Italia stock.

Three dates changed the picture

On July 30, 2026, Telecom Italia reported group revenue of EUR 6.80 billion for the second quarter and confirmed full-year guidance, including EBITDA after lease growth of 5.00 percent to 6.00 percent. Yahoo Finance carried the earnings-call remarks.

On September 16, 2026, Poste Italiane had amassed a 67.00 percent stake in Telecom Italia after its tender offer, according to MarketScreener. On October 19, 2026, Reuters reported that the Commission said KKR might have provided incorrect or misleading information during its review of the network transaction.

What does the 5.00 percent outlook imply?

The operating target gives investors a measurable test for the next report. Telecom Italia is targeting EBITDA after lease growth of 5.00 percent to 6.00 percent in fiscal year 2026, while group capital expenditure intensity is planned below 14.00 percent of revenue, according to the earnings-call transcript carried by Yahoo Finance. The regulatory case therefore sits beside an operational target that can be checked against the third-quarter figures.

November brings two reporting dates

The board is scheduled to approve information for the period ended September 30, 2026, on November 10, 2026. The analyst conference is scheduled for November 11, 2026, at 11:00 a.m., according to MarketScreener.

Price stays below the yearly high

Telecom Italia was last quoted at EUR 5.55 on Borsa Italiana on October 20, 2026 at 10:23 a.m. CEST. Its 52-week range was EUR 4.66 to EUR 8.19, while market capitalization stood at EUR 11.8 billion on October 20, 2026. The next results will show whether the 2026 profitability target is holding as regulatory scrutiny increases.