Telecom Italia: Board approves new Group Organizational Structure based on four divisions: Domestic Fixed Services, Domestic Mobile Services, Top Clients & ICT Services, and Technology, as well as Tim Brasil and national and international wholesale activities

02/16/2007 - 00:00 PM

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BOARD APPROVES NEW GROUP ORGANIZATIONAL STRUCTURE BASED ON FOUR DIVISIONS: DOMESTIC FIXED SERVICES, DOMESTIC MOBILE SERVICES, TOP CLIENTS & ICT SERVICES, AND TECHNOLOGY, AS WELL AS TIM BRASIL AND NATIONAL AND INTERNATIONAL WHOLESALE ACTIVITIES

MANAGING DIRECTORS APPOINTED:
Massimo Castelli,
Luca Luciani, Enrico Parazzini AND Stefano Pileri

INTERNAL CONTROL AND CORPORATE GOVERNANCE COMMITTEE REPORT ON NETWORK SECURITY, TRAFFIC DATA AND SECURITY ISSUES TO BE MADE PUBLIC

SUBSIDIARY TIM BRASIL CONFIRMED STRATEGIC FOR THE GROUP, OFFERS FOR ITS ACQUISITION NOT ACCEPTED

Milan, February 16, 2007 – At today’s meeting chaired by Guido Rossi, the Telecom Italia Board of Directors approved and adopted the company’s new organizational structure, drawn up on 22 January 2007, and based on four business divisions (Domestic Fixed Services, Domestic Mobile Services, Top Clients & ICT Services and Technology), as well as TIM Brasil and international and national wholesale activities, all of which report directly to Chief Executive Officer Riccardo Ruggiero.  The new structure, which responds to a need for greater operational flexibility, in light of major technological changes and the current competitive environment in Italy and internationally, will facilitate implementation of the Group’s strategic orientation toward the convergence of fixed-line communications, mobile communications, broadband internet and media content.

The new organizational structure was completed with the appointment of four Managing Directors: Massimo Castelli (Domestic Fixed Services), Luca Luciani (Domestic Mobile Services), Enrico Parazzini (Finance, Administration and Control), and Stefano Pileri (Technology).

The Board also approved the appointment of Damiano Toselli as Head of Security at the Group’s Human Resources Unit, and Federico Maurizio d’Andrea as Head of the Audit Unit.

The Board of Directors went on to examine the Internal Control and Corporate Governance Committee’s report on network security, traffic data and security issues, accepting its conclusions and welcoming the proposals put forward in the report. In pursuit of full disclosure to the Supervisory Authority and to the market, a copy of the report will be sent to market regulator Consob and published on the company web site http://www.telecomitalia.it/.

         ***

The Board of Directors, having confirmed the strategic nature of subsidiary TIM Brasil, decided not to accept the offers for its acquisition which were received. The Board, in fact, was pleased to acknowledge TIM Brasil’s great success, in a highly competitive market, and its technological excellence as well as the high quality of its services.

Report of the Internal Control and Corporate Governance Committee to the Board of Directors (file .pdf, 70 KB)