Investments and Divestments 2011
| Investments | Company | Country | Share | Press release |
| July 2011 | AES Atimus | Brasile | 100% | -TIM Part acquisition of AES Atimus - Presentation TIM Part |
| March 2011 | Sofora Telecomunicaciones SA |
Argentina |
68% | Telecom Italia: Telecom Argentina stake increased |
| Divestments | Company | Country | Share | Press release |
| August 2011 | Loquendo | Italy | 99.98% | Telecom Italia sells Loquendo for an enterprise value of € 53 million |
| January 2011 | ETECSA | Cuba | 27% | Telecom Italia: Sale of the stake in ETECSA |