Telecom Italia SpA (NYSE:TI, NYSE:TI-A , BIT:TIT) was founded in 1925 and is headquartered in Rome, Italy, with 66,071 full-time employees. It is the largest telecommunications company in Italy.
Telecom Italia SpA (TI):
Telecom Italia is an Italian telecommunications company headquartered in Rome, providing telephone services, mobile services and DSL data services. It was established by the merger of several state-owned telecommunications companies in 1994, the most important of which is the former Italian national telephone monopoly. Business-Società Italiana per L’Esercizio Telefonico pA, (SIP, also the early Società Italiana per l’Esercizio Telefonico).
Telecom Italia SpA provides public telephone, voice, data, network services and products; and provides information and communication technology solution management and research and development to small or medium-sized enterprises, individuals and home offices (SOHO), the public sector, and Companies in the fixed network and mobile communications markets.
In addition, Telecom Italia is also involved in the management and development of regulated and non-regulated wholesale services for fixed network and mobile communication operators; other structural support, including network infrastructure development, engineering design, construction, operation, real estate and Factory engineering, and provide customer service guarantee, and information technology development and operation related services.
In addition, Telecom Italia also provides multimedia, data center, fixed-line and mobile APP, value-added and mobile financial services. The markets served are mainly in Europe, South America, the Mediterranean Basin and other places.
Historical evolution of Telecom Italia SpA (TI):
- In 1925, one of the main predecessors of Telecom Italia-Benito Mussolini cabinet and Stipel was founded;
- In 1964, Stipel merged with 4 other major companies-TIMO, Teti, TELVE and SET to form Società Italiana per l’Esercizio Telefonico (SIP), an Italian state-owned company;
- From 1964 to 1994, SIP was the only telecommunications operator in Italy. Due to the monopoly, users had to pay an extra €120 in taxes and landline fees per year;
- On July 27, 1994, SIP, Iritel, Italcable, Telespazio and Sirm merged to form Telecom Italia;
- In 1995, Telecom Italia divested its mobile phone business and established TIM (Telecom Italia Mobile);
- In 1995, Italy’s largest network and ISP service provider-TIN (Telecom Italia Net) was established;
- In 1997, under the auspices of Guido Rossi, Telecom Italia was privatized and transformed into a large multimedia group company-Telecom Italia Group;
- In 2001, Telecom Italia was acquired by Marco Tronchetti Provera;
- In 2005, Telecom Italia Group acquired Tin.it and Virgilio from Telecom Italia Media;
- In 2007, Telecom Italia Group was acquired by “Telco” (including Telefónica and several Italian banks), and Telefónica ( Telefónica , NYSE: TEF, BMAD: TEF, LSE: TDE, BVL: TEF, BCBA: TEF) currently holds Telco 46% shares, while Telco holds 22% shares in Telecom Italia Group;
- In 2015, Telecom Italia Group began to integrate its brands, unifying fixed-line and mobile services under the TIM brand.