MILAN, Nov 14 Reuters Telecom Italia TIM will be better able to assess whether it can resume dividend payments in February, when it updates its strategy following the sale of its fixedline network, the head of Italy39;s biggest telecoms group said.

With the presentation of the plan 20252027, Pietro Labriola told analysts during a postresults call on Thursday.

We will have much more room to give details about a possible return to the remuneration of the different categories of shareholders.

Labriola also suggested TIM could lift next year39;s targets, saying in the new business plan there could also be room to improve in different areas.

Milanlisted TIM shares extended gains after Labriola39;s remarks to rise by around 6 by 1240 GMT. The stock is down nearly 21 from the beginning of this year.

TIM said it remains on track to meet its earnings and debt targets following the sale of its fixedline access network as it reported a 7.6 rise in core profit in the third quarter.

The former phone monopoly finalised in July the sale of its landline grid to KKR for 18.8 billion euros, a deal aimed at drastically cut its debt pile.

Since 2021, the company, whose earnings and finances have been under pressure for years, has suspended any payments to shareholders, including those holding savings shares, which command a minimum dividend.

TIM CEO said that proceeds from extraordinary operations, including a number of disposals currently under way, could speed up the decision to…