|Type||Società per azioni|
|Traded as||BIT: TIT, NYSE: TI|
|Industry||Telecommunications, media, manufacturing|
|Founder(s)||IRI - STET|
|Headquarters||Rome, Italy (headquarters)
Milan, Italy (registered office)
|Key people||Franco Bernabè (Chairman and CEO), Marco Patuano (Managing Director and COO)|
|Products||Fixed line and mobile telephony, internet, IT services, television broadcasting|
|Revenue||€29.50 billion (2012)|
|Operating income||€1.926 billion (2012)|
|Profit||€(1.627) billion (2012)|
|Total assets||€77.55 billion (end 2012)|
|Total equity||€23.01 billion (end 2012)|
|Employees||83,184 (end 2012)|
|Subsidiaries||Telecom Italia Mobile, Telecom Italia Media (67%), Olivetti|
Telecom Italia is the largest Italian telecommunications company, also active in the media and manufacturing industries. Now a private concern listed on the Borsa Italiana, it was founded in 1994 by the merger of several state-owned telecommunications companies, the most important of which was Società Italiana per l'Esercizio Telefonico p.A. (known as SIP from the earlier Società Idroelettrica Piemontese), the state monopoly telephone operator in Italy.
The company operates landline telephone services in Italy, GSM mobile phone services in Italy and Brazil through its TIM subsidiary, and DSL internet and telephony services under the brand Alice in Italy and San Marino. It also owns a stake in Telecom Argentina. Internationally, Telecom Italia is present in professional telecom services for other operators or corporations through TI Sparkle. Diversified, Telecom Italia also controls one of the main Italian television companies, Telecom Italia Media, and owns Olivetti, the manufacturer of computer peripherals and other hardware.
The original core of Telecom Italia includes 5 different companies: Stipel, TIMO, Teti, TELVE and SET. Each of them worked in a specific geographical area, as decided in 1925 by the Mussolini Government. It was in 1964 that these companies merged in one single group, under the name of SIP.
Telecom Italia was officially created on 27 July 1994 by the merger of several telecommunication companies among which Sip, Iritel, Italcable, Telespazio and Sirm.This was due to a plan of riorganization of the telecommunication sector presented by IRI to the Minister of Treasury.
In 1995 the mobile telephony division was spun off into TIM (Telecom Italia Mobile). Interbusiness, Italy’s largest Internet network, was created and in the same period with TIN (Telecom Italia Net) and the first ISPs, Internet became a reality in Italy too.
In 1997, under the chairmanship of Guido Rossi, Telecom Italia was privatised and was transformed into a large multimedia group.
After the reorganization of editorial activities, in 2005 Telecom Italia acquired Tin.it and Virgilio from Telecom Italia Media, the multimedia company of the Group. Telecom Italia Media, born in 2003 from Seat Pagine Gialle, focused its business on television sector with La7 and MTV channels.
Telecom Italia offers infrastructure and technology platforms on which voice and data are transformed into advanced telecommunications services and ICT solutions and state-of-the-art media: development tools for the Group and for the whole country.Telecom Italia is the main telecommunications company,offering fixed telephone services, but also cellular telephony, public telephony, IP telephony, Internet and cable television in Italy and abroad. Telecom Italia, TIM, MTV Italy and Olivetti are the main brands of the Group, familiar icons to consumers which guarantee reliability and competence. The domestic leadership of Telecom Italia is matched with a meaningful international presence, focused on the big South American market, with Tim Brasil and Telecom Argentina, which now account for 34% of Group revenues.
In 2002 Telecom Italia subscribed to the United Nations corporate responsibility initiative Global Compact. The firm continues to promote a sustainability strategy including both environmental and social issues. The company is a member of a number of stock market indexes which include companies focused on corporate social responsibility, including the Dow Jones Sustainability Indexes and those administered by FTSE Group's FTSE4Good. Its part-owned Brazilian subsidiary TIM Participações is listed in the Bovespa's ISE (Índice de Sustentabilidade Empresarial) index. 
Open Access and other initiatives in 2008
In February 2008 Telecom Italia created "Open Access", a new feature to manage all development and maintenance activities of the technological infrastructure of the access network; the process of access services provision to the Telecom Italia customers and other operators; and the related technical assistance. All this for better efficiency, quality and equal treatment. Open Access has been the basis for the dialogue between Telecom Italia and the Authority for Communication Guarantees and it has been preceded by the recruitment of voluntary commitments, approved by the Authority in December 2008. These commitments, which see the central role played by Open Access and its new processes to develop the access network of Telecom Italia, are useful to reinforce the competitive environment. In 2008 was also set up the Telecom Italia Foundation, which promotes innovative ideas and projects aimed at improving the living conditions of people.
Telecom Italia Group reached revenues for 27,571 million euro, 11,412 million euro of EBITDA, 3,121 million euro of profit and had capital expenditures for 4,583 million euro. The net financial debt was 32,087 million euros. At December 31, 2010 the headcount was 84,200, 58,045 in Italy only. At the same date the fixed line network physical accesses were about 15.4 millions, the broadband retail accesses in Italy were 7.2 millions, Tim lines 31 millions, TIM Brasil lines 51 millions, mobile lines in Paraguay 1.9 millions, and in Argentina the number of fixed lines were 4.1 millions, the broadband accesses 1.4 millions and mobile lines 16.3 millions. The audience average share of La7 during 2010 was 3,1% and the daily average of single visitors on Virgilio was 3.7 millions.
Telecom Italia Group reached revenues for 29,957 million euro, 12,246 million euro of EBITDA, 4,726 million euro of loss, generated by the impact of the goodwill impaiment charge and other non-recurring items, and had capital expenditures for 6,095 million euro. The net financial debt was 30,414 million euros. At December 31, 2011 the headcount was 84,124, 56,878 in Italy only. At the same date the fixed line network physical accesses were about 14.7 millions, the broadband retail accesses in Italy were 7.1 millions, Tim lines 32.2 millions, TIM Brasil lines 64.1 millions, mobile lines in Paraguay 2.1 millions, and in Argentina the number of fixed lines were 4.1 millions, the broadband accesses 1.5 millions and mobile lines 18.2 millions.
At 31 December 2012 Telecom Italia Group reached revenues for 29,503 million euro, 11,645 million euro of EBITDA, 1,627 million euro of loss and had capital expenditures for 5,196 million euro. The net financial debt was 28,274 million euros. The headcount was 83,184, 54,419 in Italy only. At the same date the fixed line network physical accesses were about 14 millions, the broadband retail accesses in Italy were 7 millions, Tim lines 32.2 millions, TIM Brasil lines 70.4 millions, mobile lines in Paraguay 2.3 millions, and in Argentina the number of fixed lines were 4.1 millions, the broadband accesses 1.6 millions and mobile lines 19 millions.
Board of Directors
The shareholders’ meeting of April 12, 2011 for three fiscal years appointed the current Board of Directors:
- Chairman and Chief Executive Officer: Franco Bernabè
- Deputy Chairman: Aldo Minucci
- Managing Director and Chief Operating Officer: Marco Patuano
- Director: Lucia Calvosa
- Director: Jean-Paul Fitoussi
- Director: Renato Pagliaro
- Director: Luigi Zingales
- Director: Gaetano Miccichè
- Director: Mauro Sentinelli
- Director: Gabriele Galateri di Genola
- Director: Massimo Egidi
- Director: Elio Cosimo Catania
- Director: Tarak Ben Ammar
- Director: Izuel Cesareo Alierta
- Director: Julio Esteban Linares Lopez
- Secretary: Antonino Cusimano
Telecom Italia promotes a fair competition, considered to be functional to its interests and those of all market operators, customers and stakeholders. They promote and participate in initiatives and projects with competitors, as well as in technical round tables and activities organised by trade associations.
On these issues, the Group interacts with the following stakeholders:
- OLOs (Other Licensed Operators), big and small alternative tlc operators of fixed and mobile networks;
- the Italian Communications Authority (AGCOM);
- the Italian Competition and Market Authority (AGCM);
- associations, federations and trade associations:
In Italy: Confindustria, CD Confindustria Digitale, CSIT (Confindustria Innovative and Technological Services), Asstel, Assinform, Fondazione Ugo Bordoni, Distretto dell’audiovisivo e dell’ICT, FRT (Radio and Television Federation), HD Forum (Forum per l’Alta Definizione), DGTVì (the national association for terrestrial digital broadcasting)), Auditel, CNID (Italian National Digital Committee);
In the world: ETNO (European Telecommunications Network Operators’ Association), EIF (European Internet Foundation), EABC (European-American Business Council), ITU (International Telecommunication Union), EITO (European Information Technology Observatory), BIAC (Business and Industry Advisory Committee), BEREC (Body of European Regulators for Electronic Communications), GeSI (Global e-Sustainability Initiative).
- "Annual Report 2012". Telecom Italia. Retrieved 2012-07-28.
- Telecom Italia history on official site
- News archive on Corriere.it
- News archive on Corriere.it
- The economics of mobile telecommunications page 45 reference #50
- News archive on IlSole24ore
- Telecom Italia Media official site
- Telecom Italia , Profile
- "Sustainability Report 2009". Telecom Italia. Retrieved 2010-07-27.
- Annual Report 2010
- Annual Report 2011
- Annual Report 2012
- Board of Directors composition
- Telecom Italia, Competitors
|Wikimedia Commons has media related to Telecom Italia.|
- Official website
- "Probe Forces Telecom Italia to Delay Results", The Wall Street Journal, (23 March 2010)[dead link]