TIM Group

TIM S.p.A.
FormerlyTelecom Italia S.p.A. (1994–2016)
Company typePublic
BIT: TIT
BIT: TITR
ISINIT0003497168
IT0003497176
IndustryTelecommunications
PredecessorSIP
Founded27 July 1994; 30 years ago (1994-07-27)
FounderIRI
SuccessorFibercop (Italian network asset)[1]
Headquarters
Rome, Milan and Naples
,
Italy
Area served
Italy
Key people
Products
RevenueIncrease €16.296 billion (2023)[3]
Decrease €−1.107 billion (2023)
Total assetsDecrease €69.19 billion (2021)
Total equityDecrease €17.41 billion (2021)
Owners
Number of employees
Decrease 51,929 (end 2021)
Subsidiaries
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.[5][6]

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.[7][8][9]

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.[10] The brand covers over 114 million customers worldwide.[11]

As April 2024, Net sales are distributed geographically as follows: Italy (72.9%) and Brazil (27.1%).

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