TIM S.p.A., also operating under the name Telecom Italia, is an Italian telecommunications company headquartered in Rome and Milan, which provides telephony services, mobile services, and DSL data services. It is the largest Italian telecommunications services provider in revenues and subscribers. 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 former state monopoly telephone operator in Italy.
The company's stock is traded in the Borsa Italiana. Since 2017 the Italian State exercises the "Golden Power", which allows the government to take actions to protect the strategic interests of the country, over Telecom Italia.
|Traded as||BIT: TIT|
|Founded||1925 as Stipel|
1964 as SIP
1994 as Telecom Italia
2015 as TIM (Commercial rebrand only)
|Luigi Gubitosi (CEO), Fulvio Conti (Chairman)|
|Revenue||€18.94 billion (2018)|
|€-1.15 billion (2018)|
|Total assets||€65.62 billion (2018)|
Cassa Depositi e Prestiti (9.89%)
Number of employees
|54,423 (2018 average)|
In 1925, the phone network was reorganised by the Benito Mussolini cabinet and the company Stipel was established in the same year. The original core of Telecom Italia included 4 companies: TIMO, Teti, TELVE and SET. Each of them operated in a specific geographical area. In 1964 these companies merged in one single group under the name of SIP.
In 1964, Società Idroelettrica Piemontese (SIP), a former energy company founded in 1918, ceased producing energy and acquired all of the Italian telephone companies, becoming SIP - Società Italiana per l'Esercizio Telefonico. It was run by the Italian Ministry of Finance.
SIP was a state monopoly from 1964 to 1996 and Italian people had to pay the "Canone Telecom" (a line rental charge of about €120 per year, plus hardware rental and other minor costs) in order to have a phone at home.
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 reorganization plan for the telecommunication sector presented by IRI to the Minister of Finance.
In 1995, the mobile telephony division was spun off as 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 access became a reality in Italy. In 1996, TIM introduced a new prepaid rechargeable phone card (GSM), and one year later launched short messaging service (SMS) capability. In 1997, under the chairmanship of Guido Rossi, Telecom Italia was privatised and was transformed into a large multimedia group.
By 2001, the company was in debt and was acquired by Marco Tronchetti Provera. The following year, the group released its DSL Flat service in Italy, Alice ADSL, with a download speed of 32 kbit/s and an upload speed of 8 kbit/s for €40/month plus a monthly based tax of €14.57, the "Canone Telecom", besides the mandatory monthly bills for home telephone numbers (a home telephone number was required for ADSL service). Telecom Italia Media, the group's multimedia company, was formed in 2003 from Seat Pagine Gialle, focussing its business on the television sector with La7 and MTV channels.
The Telecom Italia Group also operates in South America; in Brazil as TIM Brasil, and in Argentina and Paraguay with Telecom Argentina Group. TIM Brasil has its local headquarters in Rio de Janeiro.
In late 2013, Telefónica announced its intention to acquire the entirety of Telco by January 2014, potentially becoming Telecom Italia's largest shareholder. The plan, however, is being challenged by the Brazilian competition authority since Telefónica and Telecom Italia, with Vivo and TIM respectively, are the two largest telephone companies competing in Brazil.
In 2015, Telecom Italia Group started a rebranding process of the telephony and mobile businesses under the single TIM brand. In the same year, the Board of Directors approved the new company's division, the Infrastrutture Wireless Italiane, or INWIT, which operates 11,500 wireless towers.
It was revealed in October 2015 that shareholders Vivendi would raise their stakes further in the company from its current level of 15.49%. As of May 2017, Vivendi owns 24.6% of the company with Vivendi's CEO Arnaud de Puyfontaine becoming Executive Chairman of Telecom Italia. Amos Genish is the new CEO since 28 September 2017 and he has been criticized to have fired 4500 Telecom Italia employees in June 2018. He has been substituted by Luigi Gubitosi that became the new CEO on 18 November 2018.
Telecom Italia Mobile illegally charged money for Internet providing renew subscriptions for 5 years to its customers during the "free" subscription renewals.
The report points that on TIM's prepaid voice plan (24.7% market share), called "Infinity" (in which the user pays roughly US$0.12 for each unlimited time call), the calls were intentionally dropped by the company, forcing the customers to make (and pay for) new calls to keep talking. In just one day, 8.1 million calls were dropped and the total profit was approximately $2 million. Upon release of the report, the Public Ministry of the Paraná State filed a lawsuit against TIM asking that it stop selling new mobile lines in Brasil and pay a multimillion-dollar fine for the damages against consumers.
The Telecom Italia Group provides phone landline services and mobile services in Italy, GSM mobile phone services in Italy and Brazil through its TIM subsidiary, (TIM Brasil), and DSL internet and telephony services in Italy and San Marino. It also operates in international telecommunication services for other operators and corporations, through its subsidiary Telecom Italia Sparkle. In 2013, the total amount of the company's debt was about 26 billion €. Telecom Italia has 66,025 employees.
Telecom Italia also controls Olivetti, a manufacturer of computer peripherals and mobile phones. On March 31, 2014, Telecom Italia led both the direct fixed access lines market with a 62% share, and the mobile postpaid segment with a 45% market share. In the mobile “prepaid” segment Telecom Italia owned a 31.5% market share together with Vodafone.
After the merger of Wind and 3 Italia, approved on August 6, 2015, Telecom Italia is now the second country’s largest carrier with 30 million customers, followed by Vodafone with 25 million customers. Telecom Italia has preserved its leadership on the direct fixed access lines market and the mobile postpaid segment.
In 2002, Telecom Italia subscribed to the United Nations corporate responsibility initiative Global Compact. It is also 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.
The 2003 Italian Open (also known as 2003 Rome Masters or its sponsored title 2003 Telecom Italia Masters) was a tennis tournament played on outdoor clay courts. It was the 60th edition of the Italian Open and was part of the Tennis Masters Series of the 2003 ATP Tour and of Tier I of the 2003 WTA Tour. Both the men's and women's events took place at the Foro Italico in Rome in Italy. The men's tournament was played from May 5 through May 11, 2003 while the women's tournament was played from May 12 through May 18, 2003.2003 Italian Open – Men's Singles
Andre Agassi was the defending champion but lost in the first round to David Ferrer.
Félix Mantilla won in the final 7–5, 6–2, 7–6(10–8) against Roger Federer.2004 Italian Open (tennis)
The 2004 Italian Open (also as 2004 Rome Masters or sponsored title 2004 Telecom Italia Masters) was a tennis tournament played on outdoor clay courts. It was the 61st edition of the Italian Open and was part of the Masters Series of the 2004 ATP Tour and of Tier I of the 2004 WTA Tour. Both the men's and women's events took place at the Foro Italico in Rome in Italy. The men's tournament was played from May 3 through May 9, 2004 while the women's tournament was played from May 10 through May 16, 2004.2004 Italian Open – Men's Singles
Félix Mantilla was the defending champion but lost in the second round to Mariano Zabaleta.
Carlos Moyá won in the final 6–3, 6–3, 6–1 against David Nalbandian.Alice Home TV
Alice Home TV was Telecom Italia S.p.A. IPTV service in Italy launched in November 2005.
Sky Italia and Mediaset Premium channels were available with a separate subscription.Comedy Central (Italian TV channel)
Comedy Central is an Italian television channel broadcasting comedy-related programmes from the United States, the United Kingdom and Italy. It is owned by Viacom International Media Networks Europe.Italian Open (golf)
The Italian Open is the Italian national open golf championship for men. It was founded in 1925 and has been part of the European Tour's schedule since the tour was founded in 1972. The 2018 event was the 75th edition of the championship.
The 2016 Italian Open was played in September at the Golf Club Milano in Monza with a prize fund of €3 million. In 2017 it became one of the European Tour Rolex Series events, moving to October, with total prize money of US$ 7 million. The 2018 tournament was played in late May and early June at Gardagolf Country Club near Lake Garda.La7
La7 is an Italian free-to-air television channel owned by Cairo Communication. Until 2013 it was owned by Telecom Italia Media and operated by Telecom Italia. The head office is located in Rome.
Signal overspill means that parts of Albania, Croatia, Switzerland, Malta, Monaco, Montenegro, San Marino, the Vatican City and Slovenia also receive La7 broadcasts.MTV (Italy)
MTV is an Italian pay television network, owned by Viacom International Media Networks and operated by Sky Italia.MTV Brand New (Italy)
MTV Brand New was an Italian television channel which played mainly Indie music videos with many music-related themed zones and some productions from MTV USA like Beavis and Butt-head, subtitled in Italian.
It was broadcast only on SKY Italia channel 706 (available also on Italian IPTV services).
The channel was replaced by MTV Rocks on January 10, 2011.MTV Classic (Italian TV channel)
MTV Classic was an Italian pay television channel that centred its programming schedule to former music video hits from the 1970s, 1980s and 1990s. The channel was based on the Videomusic library. It was launched on 2007 as MTV Gold, and was rebranded as MTV Classic on 10 January 2011. It was closed down on 31 July 2015.MTV Hits (Italian TV channel)
MTV Hits was an Italian television channel and plays chart hits non-stop with many music-related themed zones. It was broadcast on Sky Italia channel 704 and on IPTV services. The channel ended its broadcast on July 31, 2015.MTV Pulse (Italy)
MTV Pulse Italy was an Italian television channel and like MTV Hits broadcast chart hits non-stop with many music-related themed zones and a lot of programming from MTV and MTV Italy. Broadcast only on SKY Italia channel 707 (but also available on Italian IPTV services).
On 10 January 2011 MTV Pulse Italy was closed down and its frequencies were taken over by the pan-European music channel MTV Dance.Nick Jr. (Italian TV channel)
Nick Jr. is an Italian television channel, aimed at a pre-school children audience. It launched on 31 July 2009 on Sky Italia on channel 602 to replace Rai YoYo, although it is still airing on selected cable providers.
From November 10, 2008, Nick Jr. switches to Channel 603. Since July 4, 2011 of the timeshift service called Nick Jr. +1, which offers the same Nick Jr. programming one hour after the numbering 604. Since 10 June 2013, together with the timeshift Nick Jr. +1 the channel broadcasts in wide-screen 16:9 and were renewed bumper, graphics and promos.Nickelodeon (Italian TV channel)
Nickelodeon is an Italian television channel launched on 1 November 2004 on Sky Italia.
From 1997 until 2000, Rai Sat 2 broadcast Nickelodeon cartoons for three hours a day.Olivetti
Olivetti S.p.A. is an Italian manufacturer of typewriters, computers, tablets, smartphones, printers and other such business products as calculators and fax machines. Headquartered in Ivrea, in the Metropolitan City of Turin, the company has been part of the Telecom Italia Group since 2003. The first commercial programmable "desktop computer", the Programma 101, was produced by Olivetti in 1964 and was a commercial success.QOOB
QOOB was an Italian television channel owned by MTV Italy, launched in 2005 and permanently closed in 2009.TIMvision
TIMvision is an Internet video on demand (VOD) service by Telecom Italia in Italy. It offers television shows, movies and TV series, for rental or purchase through the use of a decoder as well as video on demand, smart TV, Android and IOS device. From 2018, TIMvision produces original TV shows, such as the Italian version of Skam, known as Skam Italia.Tivùsat
tivùsat is a free-to-air/free-to-view digital satellite television platform, launched by the joint venture between RAI, Mediaset and Telecom Italia Media, and serving Italy, Vatican City and San Marino.
The service has been marketed since 31 July 2009 and offers a satellite alternative for many of those unable to receive the digital terrestrial television in Italy. Tivù Sat comprises free-to-air and free-to-view channels available on national television networks, and can be watched using a subscription card for Italian users purchasing a compatible receiver with Nagravision scrambling system. It is also not in English.
Companies with an annual revenue of over US$10 billion