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FINANCIAL RESULTS & AGM

9 NovemberThe Telecom Italia Board of Directors, chaired by Franco Bernabè, yesterday examined and approved the Group’s Interim Financial Statements at 30 September 2012.

Bernabè: “2012 continues to suffer from recessionary tensions in the domestic market and from an economic slowdown in Latin American countries. Despite these adverse factors, the Group continues to pursue its goals of increasing revenues and preserving profits, which prove to be quite solid and among the best in this industry, thanks to efforts to continually boost our operating efficiency, allowing us to deliver on our commitment to develop next generation networks”.

18 October - Telecom Italia Shareholders' meeting concluded. Settlement approved with Carlo Orazio Buora and Riccardo Ruggiero

The Shareholders' Meeting, chaired by Franco Bernabè, approved today the dispute settlement, pursuant to article 1965 of the Italian Civil Code, with former Executive Directors Carlo Orazio Buora and Riccardo Ruggiero, and therefore the settlement of the corporate liability action against them, for the sums of 1 million and 1.5 million euros respectively.

13 September - Amended agenda for the Shareholders’ Meeting of 18 October 2012. Piergiorgio Peluso to take charge of Administration, Finance & Control

The Telecom Italia Board of Directors, chaired by Franco Bernabè, met today to define the voting proposals and the report on the agenda for the forthcoming Shareholders' Meeting. The meeting appraised the proposal of a general and comprehensive settlement proposal presented by the legal representatives of former CEO Riccardo The Board of Directors, backed by the opinion of the company's legal counsel, has positively valued the proposal. It has therefore reformulated the agenda for the Shareholders' Meeting, (view details).

The Board of Directors has also appointed a new manager designate for the preparation of accounting and corporate documents, Piergiorgio Peluso, who will assume responsibility for Administration, Finance and Control

2 August - Telecom Italia Board of Directors examines and approves the Group First Half Financial Report at 30 June 2012

Bernabè:"In a complex macroeconomic context, the solid First Half Results allow us to confirm our full year guidelines. Compared with H1 2011, we can report a return to profit and a significant reduction of indebtedness for around €800 million, confirming the sustainability of the dividend policy previously announced. Finally, recent bond issues contibuted to maintaining a liquidity margin to cover our our debt maturity until 2014.”

15 maggio - The shareholders of Telecom Italia met today in ordinary and extraordinary session

2011 financial statements approved, directors Lucia Calvosa and Massimo Egidi confirmed, board of statutory auditors appointed for the three years 2012-2014, report on 2012 remuneration policy approved, 2012 long term incentive plan and servicing capital increase approved, amendments approved to the company bylaws on gender diversity

9 May - Telecom Italia Board of Directors examines and approves Interim Financial Statements at 31 March 2012

Revenues in Q1 2012 amounted to €7,392 million, up 4.5% from €7,073 million in the first quarter of 2011 (+€319 million). In terms of organic variation, consolidated revenues grew by 5.3% (+€373 million).

29 MarchTelecom Italia BoD approves Group Annual Report on operations at 31 December 2011

Revenues in FY 2011 were up 8.7% at €29,957 million from €27,571 million in 2010 (+€2,386 million). In terms of organic variation, consolidated revenues grew by 2.7% (+€785 million).

(...)

In 2011, the benefit due to the solidarity contract amounted to a reduction in costs for the Group of 77.3 million euros.

24 FebruaryTelecom Italia presents the Group's updated 2012-2014 plan
The updated Plan confirms Telecom Italia Group's strategic priorities: the reinforcement of cash flow generation and a steady and persistent deleveraging to reduce the Group's financial indebtedness, coupled with sustainable shareholder remuneration.

24 FebruaryBoard of Directors illustrates preliminary results at 31 December 2011
Consolidated Revenues at €29,958 million (+8.7% compared with 2010), EBITDA €12,246 million, up €834 million compared with 2010, and adjusted net financial position €30,414 million, down €1,054 million on 31 December 2010.2 August - Telecom Italia Board of Directors examines and approves the Group First Half Financial Report at 30 June 2012

Bernabè:"In a complex macroeconomic context, the solid First Half Results allow us to confirm our full year guidelines. Compared with H1 2011, we can report a return to profit and a significant reduction of indebtedness for around €800 million, confirming the sustainability of the dividend policy previously announced. Finally, recent bond issues contibuted to maintaining a liquidity margin to cover our our debt maturity until 2014.”

 

ACCESS NETWORK SPIN-OFF

6 December - Telecom Italia Board of Directors authorises management to negotiate with Cassa Depositi e Prestiti

The Telecom Italia Board of Directors, chaired by Franco Bernabè, today decided to give the management powers to further investigate the conditions for the possible participation of Cassa Depositi e Prestiti in the capital of a company to be created to manage the access network.

Regarding the sale process of Telecom Italia Media, the Board has evaluated the two bids received and has given mandate to the management to negotiate better conditions in order to present the Board with final binding offers.

10 October - Telecom italia: clarification of advisor's role in the access Network Spin-off project

(...) The company clarifies that in this preliminary phase such advisory activity is merely intended to acquire technical, economic and financial value elements.

14 September - Telecom Italia and Fastweb sign cooperation agreement on development of Ngn networks

Patuano: "With this agreement Italy's two leading TLC infrastructured operators confirm their readiness to invest in next generation networks to bring ultrabroadband access to the biggest number of Italians as quickly as possible. The partnership with Fastweb on FTTCab further confirms the validity of the company's technological and architectural decisions, also as regards respect for our competitors and relations with other operators. Telecom Italia intends to reach 100 cities with ultrabroadband by 2014”.

19 June - With reference to press rumours published  today concerning a “working hypothesis” on the Network with the state-owned fund Cassa depositi e prestiti,  Telecom Italia hereby clarifies that the information reported is groundless

18 May - NGN Network: new company to deliver fibre to 60% of Trentino households

Trentino NGN shareholders include the Autonomous Province, Telecom Italia, McLink and La Finanziaria Trentina. 150,000 properties to be connected. €165 million investment foreseen over ten years 

 

BONDS ISSUED

14 December - Telecom Italia: with today’s bond issue the average cost for 2012 funding goes below 5%

13 September - Telecom Italia issued a 5-year bond for 1 billion euro. The company is funding  well below its average cost of debt

Telecom Italia successfully issued a Euro 1 billion fixed rate bond offered to institutional investors.

13 July  - Telecom Italia S.p.A. announces final results and pricing of its tender offers

6 July - Telecom Italia S.p.A. announces tender offers

11 June - Telecom Italia: two tranche bond issue for a total of 1.5 billion euro. The success of the operation confirms capital markets  full support towards the group

OTHER CORPORATE OPERATIONS

12 November - Telecom Italia: clarification on rumors about Sawiris offer

31 October - Telecom Italia completes the sale of Matrix to Libero (Weather Group)

18 September - Telecom Italia: clarification regarding TI Media disposal

Telecom Italia, on the invitation of Consob, offers the following clarification:following distribution of the information memorandum to a series of potential buyers who, invited by the advisors to express themselves on the initiative, had shown an interest and were deemed suitable, the term for delivery of non binding offers has been set for 24 September. Only once the bids received have been examined will the subsequent steps and time windows be decided.

1 June - Olivetti abandons the ink jet market to focus on evolving new ICT offering

7 May - Telecom Italia: clarification regarding Telecom Italia Media

Following at the request by Consob, Telecom Italia clarifies that the Board of Directors meeting scheduled on Wednesday 9 May will examine the different strategic options concerning its majority stake in Telecom Italia Media.