Telecom Italia S.p.A.
TIT.BR
Euronext Brussels0.31
EUR
+0.00
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Telecom Italia S.p.A.
TIT.BR
(Euronext Brussels)
Recent
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0.31
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div
yld
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ROIC.AI
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- Business
- Telecom Italia S.p.A. operates as a leading telecommunications and ICT services provider primarily in Italy and Brazil. Founded in 1908 and headquartered in Rome, the company offers a broad portfolio of services including fixed telephony, mobile telephony, data transmission, internet access, and telecommunications equipment sales. Its product range encompasses voice, data, and internet services tailored for residential, business, and public sector clients as well as advanced ICT solutions including cloud, cybersecurity, Internet of Things (IoT), and digital transformation services. The company delivers these services under multiple brands including TIM, and it operates significant infrastructure such as fiber optic broadband, mobile networks, and a comprehensive portfolio of datacenters. Recent major strategic developments include a €1 billion investment plan by its B2B division, TIM Enterprise, targeting growth in cloud computing, artificial intelligence (AI), cybersecurity, and IoT over the 2025-27 period. This plan supports sovereign cloud and AI services focused on the Italian market, backed by partnerships with global tech companies like Google Cloud, Oracle, and Microsoft. Telecom Italia also completed the formal unification of its commercial offers under the TIM brand to streamline its identity and enhance market presence. Additionally, the company formed strategic partnerships for securing submarine telecommunications cables, including agreements with Italian shipbuilder Fincantieri and ongoing collaboration with the Italian Navy to protect its fiber optic network. The company has also divested fixed-line infrastructure through a "netco" sale, refocusing on mobile and enterprise services. These moves align with its shift towards becoming a technology-driven service provider emphasizing innovation and sustainability. Telecom Italia operates primarily within the telecommunications and ICT industry segments serving consumer, business, and government markets. Its geographic footprint includes Italy, where it holds a leading position, and Brazil, accounting for a significant portion of revenue. With a workforce of approximately 26,000 employees, it also owns subsidiaries such as Olivetti for office and systems solutions and Sparkle for international connectivity. The company’s ongoing transformation includes embracing digital inclusion, advancing network capabilities, and expanding cloud and AI-driven solutions to maintain competitive leadership in both domestic and select international markets.