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TIM Group

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Telecom Italia S.p.A.
Company typeSocietà per azioni
BIT: TIT, NYSE: TI
IndustryTelecommunications, media, manufacturing
Founded1994
FounderIRI - STET
HeadquartersMilan (registered office), Rome (headquarters), Italy
Key people
Marco Patuano (CEO), Franco Bernabè (Chairman)
ProductsFixed line and mobile telephony, internet, IT services, television broadcasting
Revenue€27.163 billion (2009)[1]
€5.493 billion (2009)[1]
€1.581 billion (2009)[1]
Number of employees
71,384 (end 2009)[1]
SubsidiariesTelecom Italia Mobile, Telecom Italia Media (67%), Olivetti
Websitewww.telecomitalia.com

Telecom Italia (BIT: TIT, NYSE: TI) 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 in line with the earlier Società Idroelettrica Piemontese - Piemontese hydroelectric society), the 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, France and San Marino. It also owns a stake in Telecom Argentina. 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.

Sustainability

In 2002 Telecom Italia subscribed to the United Nations corporate responsibility initiative Global Compact.[2] 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.

References

  1. ^ a b c d "Annual Results 2009" (PDF). Telecom Italia. Retrieved 2010-04-25.
  2. ^ "Sustainability Report 2009" (PDF). Telecom Italia. Retrieved 2010-07-27.


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