[Tim Italy Wins $1.2 Billion In Government Compensation, Plans To Restore Shareholding Structure And Resume Dividends] Italy's Supreme Court Has Ruled That The Government Must Repay Tim Approximately €1.02 Billion ($1.2 Billion), Ending A More Than 20-year-long Franchise Fee Dispute. The Compensation Includes The Original Principal And Accrued Interest. This Move Will Significantly Alleviate Tim's Cash Flow Pressure And Help It Potentially Resume Dividends, Which Were Suspended Since 2022. The CEO Plans To Use The Funds To Convert 28% Of The Company's "savings Shares" Into Common Stock, Simplifying The Company's Shareholding Structure. The Italian Government Has Already Set Aside Provisions For Related Litigation In Its 2026 Budget, So The Compensation Will Have A Limited Impact On Italy's Deficit Reduction Plans. The Dispute Originated After The Liberalization Of The Telecommunications Industry In 1998, When Tim Sued The Government For Compensation For License Fees Paid At That Time

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