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Telecom Italia

Telecom Italia
Company nameTelecom Italia S.p.A.
Company typeSocietà per azioni
IndustryTelecommunications, media, manufacturing
Founder(s)IRI - STET
HeadquartersMilan (registered office), Rome (headquarters), Italy
Key peopleFranco Bernabè (Chairman and CEO)
ProductsFixed line and mobile telephony, internet, IT services, television broadcasting
Revenue-27.83 billion (2010)
Operating income-5.813 billion (2010)
Net income-3.121 billion (2010)
Total assets-89.13 billion (end 2010)
Total equity-32.61 billion (end 2010)
Employees84,200 (end 2010)
SubsidiaryTelecom Italia Mobile, Telecom Italia Media (67%), Olivetti

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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 in line with the earlier Società Idroelettrica Piemontese - Piemontese hydroelectric society), the 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 peripherals and other hardware.

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