- Business
- TIM S.p.A. (formerly Telecom Italia S.p.A., ticker TQI.DE) serves as Italy's leading telecommunications provider, delivering fixed and mobile telephony, broadband internet, ICT solutions, cloud services, IoT, cybersecurity, digital content, and entertainment offerings to retail consumers, households, small and medium-sized enterprises, large corporations, and public institutions; through subsidiaries including TIM Brasil for mobile services in Brazil, Sparkle for international wholesale connectivity and 4G/5G fiber infrastructure, Noovle for cloud and data centers, Olivetti for IT products, and Telsy for cybersecurity, the group operates across Italy, Brazil, San Marino, and global markets via international services. Founded in 1994 through the merger of state-owned entities such as SIP and headquartered in Rome, Milan, and Naples, Italy, TIM maintains the largest fixed voice and data infrastructure in Italy alongside dominant positions in mobile (approximately 30 million customers) and broadband markets. In recent developments, the company completed the sale of its fixed-line NetCo infrastructure to KKR in July 2024 for €18.8 billion, substantially reducing net debt by €22 billion to €7.3 billion by year-end 2024 amid improved EBITDA of €3.7 billion and revenue growth to €14.5 billion; additionally, Sparkle was divested to a MEF-Retelit consortium in April 2025 for €700 million, Poste Italiane acquired a majority 24.8% stake from Vivendi in March 2025 establishing it as the principal shareholder with strategic synergies in telephony, ICT, financial services, and energy, Nokia partnership advanced 5G in Brazil in August 2024, and full-year 2024 results confirmed profitability in the second half with ongoing debt reduction and sustainability reporting per EU directives.