- Business
- Telecom Italia S.p.A. Telecom Italia S.p.A. (TIM S.p.A.), Italy's leading telecommunications provider founded in 1994 and headquartered in Milan with key offices in Rome and Naples, offers fixed-line and mobile telephony, broadband internet access including DSL, fiber optic and 5G services, data transmission, cloud computing, IoT solutions, cybersecurity, digital content and entertainment platforms; through subsidiaries such as TIM Brasil it provides GSM mobile services in Brazil, while Sparkle handles international wholesale connectivity and TIM Enterprise delivers end-to-end ICT solutions including sovereign cloud services for businesses, public administration and operators in Italy and select international markets, with geographic operations spanning Italy (72.9% of net sales), Brazil (27.1%) and limited presence in Europe and South America. The company operates the largest fixed voice and data infrastructure in Italy alongside extensive 4G/5G mobile networks, serving over 30 million mobile lines, 22 million landlines and 7.6 million broadband clients primarily under the TIM brand, with additional offerings in media via La7 and systems integration through Olivetti. In recent developments, TIM completed the €18.8 billion sale of its domestic fixed-line network (NetCo) to KKR in July 2024 slashing debt by €22 billion to around €8 billion, divested its Sparkle international unit to a consortium including Italy's Ministry of Economy, Retelit and Asterion for €700 million finalized in April 2025, saw Poste Italiane acquire a 24.81% controlling stake from Vivendi by March 2025 via a 15% purchase and prior Cassa Depositi e Prestiti swap positioning it as the largest shareholder, launched a €1 billion three-year B2B investment plan through 2027 focused on AI-ready datacenters, edge computing, sovereign cloud with partners like Google Cloud and Oracle, cybersecurity via Telsy and IoT via Olivetti, and forged strategic agreements including Nokia for 5G enhancements in Brazil and Fortinet for IT security as of November 2025; these moves support ongoing financial recovery with Q3 2024 revenues at €10.7 billion, EBITDA up to €2.7 billion and upgraded credit ratings to BB/Ba3 amid debt reduction targets below €7.5 billion by year-end 2024.