TIM Group
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.[4][5]
Formerly
Telecom Italia S.p.A. (1994-2016)
IT0003497168
IT0003497176
27 July 1994
- Pietro Labriola (CEO)
- Salvatore Rossi (chairman)[1]
€−8.40 billion (2021)[2]
€69.19 billion (2021)[2]
€17.41 billion (2021)[2]
Vivendi (23.75%)
Cassa Depositi e Prestiti (9.81%)[3]
51,929 (end 2021)[2]
- TIM
- Telecom Italia Finance
- TIM Brasil (through Telecom Italia Finance)
- Telecom Italia San Marino
- TIMvision
- Telecom Italia Media (71.6909%)
- Telecom Italia Trust Technologies
- Telsy
- Flash Fiber (80%)
- Olivetti
- INWIT (37.5%)
- Telecom Italia Sparkle
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.[6][7]
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.[8] The brand covers over 114 million customers worldwide.[9]
History[edit]
1925–1964: STIPEL and early mandatory phone tax[edit]
In 1925, the Italian phone network was reorganised by the Benito Mussolini cabinet and the company STIPEL was established in the same year. The original core of Telecom Italia included four companies which operated in a specific geographical area.[10]: TIMO, TE.TI., TELVE and SET.
Legal problems[edit]
Telecom Italia Mobile illegal charging money for "free" Internet providing renewals[edit]
Telecom Italia Mobile illegally charged money for Internet providing renew subscriptions for 5 years to its customers during the "free" subscription renewals.[49]
Fraud in Brazilian prepaid mobile lines[edit]
On 8 August 2012, TIM Brasil became involved in a massive scandal in Brazilian news after the release of report by the Brazilian National Telecommunications Agency Anatel.[50]
The report points that on TIM's prepaid voice plan (24.7% market share), called "Infinity" (in which the user pays roughly US$0.12 for each unlimited time call), the calls were intentionally dropped by the company, forcing the customers to make (and pay for) new calls to keep talking. In just one day, 8.1 million calls were dropped and the total profit was approximately $2 million. Upon release of the report, the Public Ministry of the Paraná State filed a lawsuit against TIM asking that it stop selling new mobile lines in Brasil and pay a multimillion-dollar fine for the damages against consumers.[51]
Environmental practices and initiatives[edit]
In 2002, Telecom Italia subscribed to the United Nations corporate responsibility initiative Global Compact.[60]
It is also member of a number of stock market indexes which include companies focused on corporate social responsibility, including the Dow Jones Sustainability Indexes and those administered by FTSE Group's FTSE4Good. Its part-owned Brazilian subsidiary, TIM Brasil, is listed in the Bovespa's ISE (Índice de Sustentabilidade Empresarial) index.[61]
Telecom Italia promotes a sustainability strategy including both environmental and social issues: in June 2014 it signed an agreement with A2A to buy energy only from renewable sources.[62]
1994-2003
2003-2016
2016-2019
2019-
