Pyramid Research has formed a strategic partnership with ITI Research to provide you with high-quality Telecom Company Reports of industry players worldwide. For more details view our press release here.
These comprehensive reports on leading telecommunications operators worldwide cover all aspects of their operations, including quarterly-updated Executive Briefings on over 100 operators.
Olivetti S.p.A. (now Telecom Italia S.p.A.) was founded in 1908 at Ivrea, near Turin, as a typewriter manufacturer. The company changed its focus gradually, turning first into a computer manufacturer and eventually into a telecommunications company. In May 1999, Olivetti S.p.A. and its subsidiary, Tecnost S.p.A., successfully completed a cash and stock tender offer for all of old Telecom Italia S.p.A.’s ordinary shares.
In March 2003, plans for the merger of Telecom Italia S.p.A. into Olivetti S.p.A. were announced. Following the merger, which took effect on August 4, 2003, Olivetti S.p.A. adopted Telecom Italia’s corporate purpose and name.
Telecom Italia is an international information and communications technology group, providing fixed-line and mobile communications, Internet and media, information technology and research and development services. The Group also supplies office products and solutions, commercial systems and IT for gaming and lotteries.
Telecom Italia's international operations are concentrated mainly in Latin America, Europe, and the Mediterranean basin.
At December 31, 2004, the Telecom Italia Group was one of the world’s largest wireline operators, with approximately 26.0 million lines (including the equivalent ISDN lines). In addition, through TIM, the Telecom Italia Group is the leading mobile operator in Italy, with approximately 26.3 million lines.
At March 31, 2005, TIM had approximately 15.9 million lines outside of Italy, through TIM’s subsidiaries, resulting in a total of 42.1 million lines (excluding the lines of discontinued operations (Digitel and TIM Hellas) and the lines of AVEA, its Turkish joint venture).
TIM is profiled separately as part of ITI Reports/Espicom's Network Operators Worldwide (NOW) service.
As of June 30, 2005, Telecom Italia's shares were held by: Olimpia SpA (18.01%), Foreign institutional investors (26.03%), Italian institutional investors (20.12%), Foreign companies (4.71%), Italian companies (8.69%), and Others (22.44%).
