Telecom Italia S.p.A.
|
Type |
Società per azioni |
Traded as |
BIT: TIT,
NYSE: TI |
Industry |
Telecommunications,
media,
manufacturing |
Founded |
1994 |
Founder(s) |
IRI -
STET |
Headquarters |
Rome,
Italy
(headquarters)
Milan,
Italy (registered
office) |
Key people |
Franco Bernabè (Chairman
and
CEO) |
Products |
Fixed line and
mobile telephony,
internet,
IT services,
television broadcasting |
Revenue |
€27.83 billion (2010)[1] |
Operating income |
€5.813 billion (2010)[1] |
Profit |
€3.121 billion (2010)[1] |
Total
assets |
€89.13 billion (end 2010)[1] |
Total equity |
€32.61 billion (end 2010)[1] |
Employees |
84,200 (end 2010)[1] |
Subsidiaries |
Telecom Italia Mobile,
Telecom Italia Media (67%),
Olivetti |
Website |
www.telecomitalia.com |
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.
History
Telecom Italia was created in 1994 by the merger of several
telecommunications companies among which Sip, Iritel, Italcable,
Telespazio and Sirm.[2][3]
In 1995 the mobile telephony division was spun off into
TIM (Telecom Italia Mobile). Interbusiness, Italy’s largest Internet
network, was created and around the same time with TIN (Telecom Italia
Net) and the first ISPs, Internet became a reality in Italy too.[4]
Telecom Italia registered office, 2 Piazza degli Affari,
Milan, Italy
In 1996
TIM was one of the first companies in the world to introduce a new
prepaid rechargeable phone card[5]
(GSM) and one
year later launched the short messaging service (SMS)
capability.
In 1997 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.[6]
Telecom Italia Media, born in 2003 from
Seat Pagine Gialle, focused its business on television sector with
La7 and
MTV
channels.[7]
The Telecom Italia Group also operates in South America: in Brazil as
TIM
Brasil and in Argentina and Paraguay with
Telecom Argentina Group.
Sustainability
In 2002 Telecom Italia subscribed to the
United Nations
corporate responsibility initiative
Global Compact.[8]
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.
Financial figures
2010
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.[9]
2011
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.[10]
2012 first half
At 30 June 2012 Telecom Italia Group reached
revenues
for 14,793 million euro, 5,859 million euro of
EBITDA, 1,245 million euro of profit and had capital expenditures
for 2,269 million euro. The net financial debt was 30,360 million euros.
The headcount was 84,889, 56,815 in Italy only. At the same date the
fixed line network physical accesses were about 14.3 millions, the
broadband retail accesses in Italy were 7 millions,
Tim lines 32.2 millions,
TIM
Brasil lines 68.9 millions, mobile lines in Paraguay 2.2 millions,
and in Argentina the number of fixed lines were 4.1 millions, the
broadband accesses 1.6 millions and mobile lines 18.7 millions.[11]
Board of Directors
The shareholders’ meeting of April 12, 2011 for three fiscal years
appointed the current Board of Directors[12]:
See also
References