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.
TIM Group's headquarters in Rome, Italy | |
| Formerly | Telecom Italia S.p.A. (1994-2016) |
|---|---|
| Company type | Public S.p.A. |
| BIT: TIT | |
| ISIN | IT0003497168 |
| Industry | Telecommunications |
| Predecessor | SIP |
| Founded | 27 July 1994 |
| Founder | IRI |
| Headquarters | , Italy |
Area served | Italy |
Key people |
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| Products | |
| Revenue | €15.32 billion (2021) |
| €−8.40 billion (2021) | |
| Total assets | €69.19 billion (2021) |
| Total equity | €17.41 billion (2021) |
| Owners | Vivendi (23.75%) Cassa Depositi e Prestiti (9.81%) |
Number of employees | 51,929 (end 2021) |
| Subsidiaries |
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| Website | www.gruppotim.it |
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.
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. The brand covers over 114 million customers worldwide.