Telecom Italia
Encyclopedia
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
. Telecom Italia also controls one of the main Italian television companies, Telecom Italia Media
, and owns Olivetti
, the manufacturer of computer peripheral
s and other hardware.
and Sirm.
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.
In 1996 Tim
was one of the first companies in the world to introduce a new prepaid rechargeable phone card
(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.
Telecom Italia Media
, born in 2003 from Seat Pagine Gialle
, focused its business on television sector with La7
and MTV
channels.
Nowadays Telecom Italia Group operates also into the fast-growing South America market: in Brazil with TIM Brasil and in Argentina and Paraguay with Telecom Argentina
Group.
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 index
es which include companies focused on corporate social responsibility, including the Dow Jones Sustainability Index
es 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.
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.
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
telecommunications company
Telephone company
A telephone company is a service provider of telecommunications services such as telephony and data communications access. Many were at one time nationalized or state-regulated monopolies...
, also active in the media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
and manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
industries. Now a private concern listed on the Borsa Italiana
Borsa Italiana
The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...
, 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
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...
telephone operator in Italy.
The company operates landline
Landline
A landline was originally an overland telegraph wire, as opposed to an undersea cable. Currently, landline refers to a telephone line which travels through a solid medium, either metal wire or optical fibre, as distinguished from a mobile cellular line, where transmission is via radio waves...
telephone services in Italy, GSM mobile phone services in Italy and Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
through its TIM
Telecom Italia Mobile
TIM is Telecom Italia's mobile phone brand, and runs a GSM, EDGE, UMTS and HSDPA network in Italy and Brazil.In Europe, TIM is part of the FreeMove alliance.TIM Peru was sold to América Móvil and rebranded Claro...
subsidiary, and DSL internet and telephony services under the brand Alice in Italy and San Marino
San Marino
San Marino, officially the Republic of San Marino , is a state situated on the Italian Peninsula on the eastern side of the Apennine Mountains. It is an enclave surrounded by Italy. Its size is just over with an estimated population of over 30,000. Its capital is the City of San Marino...
. It also owns a stake in Telecom Argentina
Telecom Argentina
Telecom Argentina is the major local telephone company for the northern part of Argentina, including the whole of the city of Buenos Aires...
. Telecom Italia also controls one of the main Italian television companies, Telecom Italia Media
Telecom Italia Media
Telecom Italia Media is an Italian commercial television network, founded in Rome, Italy by Seat Pagine Gialle in 2003 and later acquired by Telecom Italia and listed on Italian Stock Exchange.-Overview:...
, and owns Olivetti
Olivetti
Olivetti S.p.A. is an Italian manufacturer of computers, printers and other business machines.- Founding :The company was founded as a typewriter manufacturer in 1908 in Ivrea, near Turin, by Camillo Olivetti. The firm was mainly developed by his son Adriano Olivetti...
, the manufacturer of computer peripheral
Peripheral
A peripheral is a device attached to a host computer, but not part of it, and is more or less dependent on the host. It expands the host's capabilities, but does not form part of the core computer architecture....
s and other hardware.
History
Telecom Italia was created in 1994 by the merger of several telecommunications companies among which Sip, Iritel, Italcable, TelespazioTelespazio
Telespazio is a space systems services company, based in Rome, Italy. Telespazio was founded in 1961; however the company as it exists today was formed on July 1 2005 with the merger of the original Telespazio with the space services division of Alcatel...
and Sirm.
In 1995 the mobile telephony division was spun off into Tim
Telecom Italia Mobile
TIM is Telecom Italia's mobile phone brand, and runs a GSM, EDGE, UMTS and HSDPA network in Italy and Brazil.In Europe, TIM is part of the FreeMove alliance.TIM Peru was sold to América Móvil and rebranded Claro...
(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.
In 1996 Tim
Telecom Italia Mobile
TIM is Telecom Italia's mobile phone brand, and runs a GSM, EDGE, UMTS and HSDPA network in Italy and Brazil.In Europe, TIM is part of the FreeMove alliance.TIM Peru was sold to América Móvil and rebranded Claro...
was one of the first companies in the world to introduce a new prepaid rechargeable phone card
Rechargeable calling card
A rechargeable calling card is a type of telephone card that the user can "recharge" or "top up" by adding money when the balance is low. Introduced in the early 1990s the rechargeable calling card has become the most common telephone card available after the original calling card was introduced...
(GSM) and one year later launched the short messaging service (SMS
SMS
SMS is a form of text messaging communication on phones and mobile phones. The terms SMS or sms may also refer to:- Computer hardware :...
) 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
Virgilio.it
Virgilio is an Italian web portal which began in 1996 as a search engine and manually edited web directory. Subsequently it offered access to more disparate materials, organised into channels, and services such as e-mail, instant Messaging and online chat; host also the Italian version of...
from Telecom Italia Media
Telecom Italia Media
Telecom Italia Media is an Italian commercial television network, founded in Rome, Italy by Seat Pagine Gialle in 2003 and later acquired by Telecom Italia and listed on Italian Stock Exchange.-Overview:...
, the multimedia company of the Group.
Telecom Italia Media
Telecom Italia Media
Telecom Italia Media is an Italian commercial television network, founded in Rome, Italy by Seat Pagine Gialle in 2003 and later acquired by Telecom Italia and listed on Italian Stock Exchange.-Overview:...
, born in 2003 from Seat Pagine Gialle
Seat Pagine Gialle
SEAT Pagine Gialle is an Italian telephone directories and street maps publisher, active also in the online advertising sector. The UK subsidiary is Thomson Directories Ltd.-External links:***...
, focused its business on television sector with La7
La7
La7 is an Italian television channel owned by Telecom Italia Media and operated by Telecom Italia.-History:In 2001, Lorenzo Pellicioli and Roberto Colaninno, of Telecom Italia announced they had acquired Telemontecarlo, in order to create a strong competitor against the six other national channels...
and MTV
MTV Italy
MTV Italy is the Italian speaking version of the popular 24 hour music and youth entertainment channel. Unlike its counterparts elsewhere in Europe, MTV Italia is a national channel available free-to-air on terrestrial television since September 1, 1997 and available on digital terrestrial...
channels.
Nowadays Telecom Italia Group operates also into the fast-growing South America market: in Brazil with TIM Brasil and in Argentina and Paraguay with Telecom Argentina
Telecom Argentina
Telecom Argentina is the major local telephone company for the northern part of Argentina, including the whole of the city of Buenos Aires...
Group.
Sustainability
In 2002 Telecom Italia subscribed to the United NationsUnited Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
corporate responsibility
Corporate social responsibility
Corporate social responsibility is a form of corporate self-regulation integrated into a business model...
initiative Global Compact. The firm continues to promote a sustainability
Sustainability
Sustainability is the capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of union, an interdependent relationship and mutual responsible position with all living and non...
strategy including both environmental and social issues. The company is a member of a number of stock market index
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
es which include companies focused on corporate social responsibility, including the Dow Jones Sustainability Index
Dow Jones Sustainability Index
Launched in September 1999, the Dow Jones Sustainability Indexes are a family of indexes evaluating the performance of the world’s leaders in sustainability. They are the longest-running global sustainability benchmarks worldwide and have become the key reference point in Sustainability Investing...
es and those administered by FTSE Group
FTSE Group
FTSE Group is a world-leader in the provision of global index and analytical solutions. FTSE calculates indices across a wide range of asset classes, on both a standard and custom basis...
's FTSE4Good. Its part-owned Brazilian subsidiary TIM Participações
TIM Participações
TIM Participações or TIM Brasil is the Brazilian subisidiary of Telecom Italia Mobile an Italian telecommunications company...
is listed in the Bovespa's ISE (Índice de Sustentabilidade Empresarial) index.
2010
Telecom Italia Group reached revenuesRevenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
for 27,571 million euro, 11,412 million euro of EBITDA
EBITDA
EBITDA is an acronym for earnings before interest, taxes, depreciation, and amortization. It is a non-GAAP metric that is measured exactly as stated. All interest, tax, depreciation and amortization entries in the income statement are reversed out from the bottom-line net income...
, 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
Telecom Italia Mobile
TIM is Telecom Italia's mobile phone brand, and runs a GSM, EDGE, UMTS and HSDPA network in Italy and Brazil.In Europe, TIM is part of the FreeMove alliance.TIM Peru was sold to América Móvil and rebranded Claro...
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
La7
La7 is an Italian television channel owned by Telecom Italia Media and operated by Telecom Italia.-History:In 2001, Lorenzo Pellicioli and Roberto Colaninno, of Telecom Italia announced they had acquired Telemontecarlo, in order to create a strong competitor against the six other national channels...
during 2010 was 3,1% and the daily average of single visitors on Virgilio
Virgilio.it
Virgilio is an Italian web portal which began in 1996 as a search engine and manually edited web directory. Subsequently it offered access to more disparate materials, organised into channels, and services such as e-mail, instant Messaging and online chat; host also the Italian version of...
was 3.7 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 BernabèFranco BernabèFranco Bernabè is an Italian banker and manager, currently the Chairman of the Board and Chief Executive Officer of Telecom Italia, appointed on December 3, 2007....
- Deputy Chairman: Aldo Minucci
- Managing Director and Chief Operating Officer: Marco Patuano
- Director: Ferdinando Beccalli-Falco
- Director: Jean Paul Fitoussi
- Director: Renato Pagliaro
- Director: Luigi ZingalesLuigi ZingalesLuigi G. Zingales is the Robert C. McCormack professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business. Zingales also serves as a member of the Committee on Capital Markets Regulation....
- Director: Gaetano Miccichè
- Director: Mauro Sentinelli
- Director: Gabriele Galateri di GenolaGabriele Galateri di GenolaGabriele Galateri di Genola is the Chairman of the Board of Telecom Italia. He is the former CEO of Fiat and former Chairman of Mediobanca -Early life and career:...
- Director: Francesco ProfumoFrancesco ProfumoFrancesco Profumo is an Italian engineer and academic who has been Italy's Minister of Education since November 2011. He has been President of the National Research Council since August 2011 and had previously served as Chancellor of the Politecnico di Torino from 2005 to 2011.-Biography:Profumo...
- Director: Elio Cosimo Catania
- Director: Tarak Ben AmmarTarak Ben AmmarTarak Ben Ammar is an international movie producer and distributor, He is famous for his interest in artistic movies, especially when they are related to Mediterranean culture or require North African locations...
- Director: Izuel Cesareo Alierta
- Director: Julio Esteban Linares Lopez
- Secretary: Antonino Cusimano
External links
- "Probe Forces Telecom Italia to Delay Results" , The Wall Street JournalThe Wall Street JournalThe Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
, (23 March 2010)