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TIM Group information


TIM S.p.A.
FormerlyTelecom Italia S.p.A. (1994–2016)
Company typePublic
Traded as
BIT: TIT
BIT: TITR
ISINIT0003497168
IT0003497176
IndustryTelecommunications
PredecessorSIP
Founded27 July 1994; 29 years ago (1994-07-27)
FounderIRI
Headquarters
Rome, Milan and Naples
,
Italy
Area served
Italy
Key people
  • Pietro Labriola (CEO)
  • Salvatore Rossi (chairman)[1]
Products
  • Fixed telephony
  • Public telephony
  • Mobile telephony
  • Broadband Internet
  • IT Services
  • Networking Solutions
  • Digital television
RevenueDecrease €15.32 billion (2021)[2]
Net income
Decrease €−8.40 billion (2021)[2]
Total assetsDecrease €69.19 billion (2021)[2]
Total equityDecrease €17.41 billion (2021)[2]
Owners
  • Vivendi (23.75%)
  • Cassa Depositi e Prestiti (9.81%)[3]
Number of employees
Decrease 51,929 (end 2021)[2]
Subsidiaries
  • TIM
  • Telecom Italia Finance
  • TIM Brasil (through Telecom Italia Finance)
  • Telecom Italia San Marino
  • TIMvision
  • Telecom Italia Media (71.6909%)
  • Telecom Italia Trust Technologies
  • Telsy
  • Flash Fiber (80%)
  • Olivetti
  • INWIT (37.5%)
  • Telecom Italia Sparkle
Websitegruppotim.it

TIM S.p.A. (formerly Telecom Italia S.p.A.) is an Italian telecommunications company with headquarters in Rome, Milan, and Naples (with the Telecom Italia Tower), which provides fixed telephony and DSL data services.[4][5]

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 prominent of which was SIP, the former state monopoly telephone operator in Italy.[6][7][8]

The company's stock is traded in the Borsa Italiana. The Italian State has exercised the "Golden Power" on TIM since 2017, which allows the government to take a number of actions when the strategic interests of the country are concerned.

TIM Group has also a subsidiary in Brazil, known as TIM Brasil, with 72.6 million customers.[9] The brand covers over 114 million customers worldwide.[10]

  1. ^ "Salvatore Rossi - Presidente Telecom Italia | Gruppo TIM". Telecomitalia.com. Retrieved 22 November 2019.
  2. ^ a b c d e "Annual report" (PDF). www.telecomitalia.com. 2021. Retrieved 3 April 2022.
  3. ^ "TIM Group's Shareholders". www.gruppotim.it. Retrieved 3 March 2022.
  4. ^ "Legal notes | TIM Group". telecomitalia.com. Retrieved 9 November 2019.
  5. ^ "Profile | TIM Group". telecomitalia.com. Retrieved 9 November 2019.
  6. ^ "1980s – 1990s | TIM Group". telecomitalia.com. Retrieved 9 November 2019.
  7. ^ "Business history | archiviostorico.telecomitalia.com". archiviostorico.telecomitalia.com. Retrieved 28 June 2017.
  8. ^ Glover, John (1 November 1995). "Italy Invigorated". Multichannel News International. Capital Cities/ABC. p. 28. Retrieved 16 May 2024.
  9. ^ Scott Bicheno (14 January 2016). "Telecom Italia formally unifies brands under TIM name". telecoms.com. Retrieved 24 January 2018.
  10. ^ "Breaking Barriers to Transform TIM's Brand and Business". Interbrand. Archived from the original on 21 October 2019. Retrieved 24 January 2018.

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