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Latest press releases

Read the latest press releases and search the archives of TIM Group's Press Office.



Where can I find up-to-date information on the Group?

You can find a complete profile of the company and the description of the business areas when it operates by clicking on the section Corporate/ The Group’s Profile.

How is Telecom Italia's debt structure?

The Telecom Italia Group's net financial debt was around 25.270 million euro as of December 31, 2018. This represents the difference between the gross financial debt (29,432 million euro) and the Group's financial assets (4,162 million euro), mainly represented by cash and other assets easy to be negotiated.

What are the main activities of Telecom Italia?

TIM is the largest Information and Communication Technology group in Italy. Value and quality characterize our offer, reliability and know how are the basis of our customer relations. We are building the future through our state-of-the-art network infrastructures including LTE, 5G and fibre.

We bring to our nearly 100 million customers in Italy and Brazil both landline and mobile voice and data services, premium digital entertainement, contents for video, music and gaming, along with advanced cloud platforms and ITC solutions. Our packages are flexible and scalable according to private's or business' needs, and are available on easy  to access and multi-device platforms.

Abroad, TIM Brazil is one of the main players in the market, leading the country's 4G coverage  and focused on the further deployment of its UBB mobile and landline networks.


TI Group share

All the information on Telecom Italia shareholders' rights. 

What types of Telecom Italia shares do exist and what are the rights related to the holding?

The Share Capital of Telecom Italia is currently divided into two different types of shares: ordinary and savings. Holders of ordinary shares have the right to attend, intervene and vote during ordinary and extraordinary Shareholders’ Meetings. They also have the right to obtain a part of the net income allocated by the company, subsequent to its distribution to Savings Shareholders.
Holders of savings shares do not have the right to vote either in ordinary and in extraordinary Shareholders’ Meetings, but they benefit from the distribution of the net income for the year in the proportion of 5% of a fixed value of the share (0.55 euro) and, in any case, they have the right to receive a greater dividend than holders of ordinary shares in the proportion of 2% of the fixed value of the share.

On what stock exchanges are Telecom Italia shares traded?

Telecom Italia ordinary and savings shares are  currently floated in Milan Stock Exchange since in 2019 the company started and conclude a process of voluntary delisting from the  New York Stock Exchange (NYSE). 

(For more information consult the Press Release).

This operation has had  no impact on the listing and trading of TIM ordinary and savings shares on the Italian Stock Exchange (Borsa Italiana).

The decision to delist the shares from the NYSE is in line with TIM’s objectives of simplification and cost saving, without detriment to its high standards of corporate governance, robust internal control system and transparent financial reporting (including publication on this website of English translations of financial reports, press releases and other regulated disclosures).

Market Capitalization of Telecom Italia is 10,448 billion euro  (on the daily prices at January 23 2020).

What is the stock/ticker symbol for Telecom Italia?

Where can I find information about the Telecom Italia stock performance?

The stock symbols used by Bloomberg to identify Telecom Italia shares are:

  • TIT IM (ordinary shares)
  • TITR IM (savings shares).

The stock symbols used by Reuters are:

  • TLIT.MI  (ordinary shares)
  • TLITn. IM (savings shares).

Information about the stock performance are available by clicking on the page TI shares. Alternatively, you can consult the Italian Stock Exchange website (www.borsaitaliana.com) visiting the page dedicated to Telecom Italia Group.


What are ADRs?

The ADR are representative certificates of ordinary and saving shares and are currently traded on NYSE. Each ADR is equal to 10 shares. JPMorgan Chase Bank is the ADR Telecom Italia’s depositary (www.adr.com).

When does Telecom Italia report its financial results?

You can find the upcoming financial events’ dates on the page Financial Calendar. Any change will be immediately notified. The most recent financial events and the presentations illustrated by the management and used during sector meetings and conferences, are stored under the section Presentations and webcasts.

How can I get in touch with the Group Investor Relations team?

Investor Relations Dept. manages daily contacts with the financial community and it’s available to answer to information requests about the Group and about the Telecom Italia stock performance.
The Group Investor Relations team's e-mail addresses are listed under the section Investors of this website, page Contacts.


AGM and Dividends

When did you scheduled next Annual General Meeting?

The Group communicates every year the date of the upcoming meeting in compliance with the Italian Law and, a part of the notice convening, all the indications are available on the website, under the section Financial Calendar.

What themes has been discussed during the last AGM?

On March 29 2019, the Shareholders' meeting has discussed the following themes:

  • Financial statements as at 31 December 2018 - approval of the financial statements documentation
  • Report on remuneration - resolution on the first section
  •  Appointment of the external auditors for the period 2019-2027;
  • Revocation of no. 5 (five) Directors in the persons of Messrs. Fulvio Conti, Alfredo Altavilla, Massimo Ferrari, Dante Roscini and Ms. Paola Giannotti De Ponti;
  • Appointment of no. 5 (five) Directors in the persons of Mr. Franco Bernabè, Mr. Rob van der Valk, Ms. Flavia Mazzarella, Mr. Gabriele Galateri di Genola and Mr. Francesco Vatalaro, in replacement of the revoked directors pursuant to the previous item on the agenda.

The Press Release ia available here.  

What is the proposal of dividend distribution? Where can I find information about dividend payments in previous years?

On March 29, 2019 the Shareholders Meeting approved the proposal of dividend distribution of 0.0275 euros for each savings share only.

The amounts for dividends has been paid in favour of entitled parties, on the basis of the evidence of the share deposit accounts at the end of the record date of 26 June 2019.  



Where can I get a copy of the latest financial report or other documentation by Telecom Italia?

o receive an Annual Report or Form 20F (up to 2018 since in 2019 TIM decided to delist from NYSE) hard copy, it is possible to contact the company at the e-mail address ufficio.soci@telecomitalia.it or at the Free Number 800.020.220.


Corporate Governance

What are the duties of Telecom Italia’s Board of Directors? How many people is it composed of?

The Board of Directors has general powers of guidance and control over corporate activities, and over the undertaking of corporate business, pursuing the primary goal of the creation of value for shareholders.

Telecom Italia Shareholders' Meeting held on May 4, 2018 appointed the Board of Directors who will remain in office for three financial years, until approval of the financial statements at 31 December 2020. The Shareholders Meeting fixed the number of components in 15.

On May 7, 2018 the Board of Directors appointed Fulvio Conti as Chairman and Amos Genish as Chief Executive Officer of the Company.

On May 16, 2018 the Board of Directors has established the internal committees forming a new one focusing on the investigation and monitoring of interactions with related parties.

TIM’s Board of Directors has met on June 25, 2018 and expanded the membership of its Internal Committees, increasing the number of members from 4 to 5.  

TIM’s Board of Directors met on November 13, 2018 and deliberated by a majority vote to revoke with immediate effect all powers conferred to Director Amos Genish. The proxies revoked were provisionally assigned to the Chairman of the Board in accordance with the succession plan for Executive Directors adopted by TIM.

The Board of Directors deliberated in its meeting on November 18, 2018, to appoint Luigi Gubitosi Chief Executive Officer and General Manager, conferring him executive powers.

On June 27, 2019 the Board of Directors acknowledged the resignation of Mr. Amos Genish and approved to replace him by co-opting Mr. Franck Cadoret.

The Board of Directors in its meeting on August 1, 2019, called Director Cadoret to join the Strategic Committee.

The Board of Directors received on September 26, 2019 the resignation of Fulvio Conti who stepped down as Chairman of the Board and Director of the Company as of the end of the meeting. 

On October 21, 2019 the Board of Directors unanimously deliberated to co-opt Prof. Salvatore Rossi and to appoint him as Chairman of the Company’s Board of Directors.

The Board of Directors has granted Prof. Rossi the powers of the Chairman in accordance with law, with the Company’s By-Laws and with the Corporate Governance codes in force (including the right to participate in the Strategic Committee).

There are no directors holding more positions than the maximum number specified in the Corporate Governance Principles.  

The Board of Directors is  composed by 15 members: 

Luigi Gubitosi Chief Executive Officer
Salvatore Rossi Chairman 
Alfredo Altavilla Administrator
Paola Bonomo Administrator
Giuseppina Capaldo Administrator
Maria Elena Cappello Administrator
Massimo Ferrari Administrator
Frank Cadoret Administrator
Paola Giannotti de Ponti Administrator
Marella Moretti Administrator
Lucia Morselli Administrator
Dante Roscini Administrator
Arnaud de Puyfontaine Administrator
Rocco Sabelli Administrator 
Michele Valensise Administrator

What is the composition of the internal committees which support the BoD’s operations?

In Telecom Italia we have reorganized our committees in order to: monitor the implementation of strategies, the development of plans and results; guarantee the overall coordination of business activities and the handling of cross-group issues; reinforce the necessary operational synergies between the various departments involved in technological, business and support processes; foster the integrated development of innovation in the Group.

Besides the committees made up of managers, the following Board committees have been set up with functions defined by the Telecom Italia Principles of Corporate Governance: Strategy Commitee, Control and Risk Committee, Nomination and Remuneration Committee, Related Parties Committee.

The composition of the Committees has been defined as follows:

  • Strategy Committee -  Directors Gubitosi (CEO), Rossi, Cadoret, de Puyfontaine, Ferrari and Sabelli
  • Control and Risk Committee – Directors Giannotti (Chairman), Ferrari, Moretti, Morselli and Valensise
  • Nomination and Remuneration Committee – Directors Altavilla (Chairman), Bonomo, Capaldo, Sabelli and Valensise
  • Related Parties Committee - Directors Morselli (Chairman), Capaldo, Cappello, Moretti and Roscini

The press release issued after the shareholders' meeting of May 4 2018 can be found here.

Who are the External Auditors of the Telecom Italia Group?

Telecom Italia’s external auditors is Ernst&Young. The Shareholders’ Meeting held on March 29, 2019 has appointed E&Y, on the basis of a reasoned proposal by the Board of Statutory Auditors, for the auditing of the separate financial statements, the consolidated financial statements, limited auditing of the half-yearly condensed consolidated financial statements, the auditing of Form 20-F and the attestation on the internal controls in accordance with Section 404 of the Sarbanes-Oxley Act, for every financial year for the period 2019-2027.



What does it mean SRI?

The Socially Responsible Investing (SRI) is a strategy of financial investments which takes into account both the investors' desire for profit and the social impacts of investments on the surrounding Community. Telecom Italia Investor Relations Dept and organize specific roadshow for this kind of investors.

Which is Telecom Italia strategy for the environment?

The environmental strategy of the companies of the Group is founded on the following principles:

  • optimising the use of energy sources and natural resources;
  • minimising negative environmental impact and maximising positive impact;
  • pursuing the improvement of the environmental performance;
  • adopting procurement policies that take account of environmental issues;
  • disseminating a culture promoting the correct approach to environmental issues. 

What is the sustainability model of Telecom Italia?

The introducing process of sustainability in TIM Group started in 1997 with the publication of the first “Socio-environmental Report” and continues with the Ethics Codes and other similar documents. The performance of Sustainability is measured by specific indicators (Key Performance Indicators), grouped in macro-areas, in accordance with the 8 Stakeholders: Customers, Suppliers, Competitors, Institutions, Environment, Community, Human Resources and Shareholders. In demonstration of the importance that TIM attributes to the Sustainability, the information (in brief) concerning activities that regard the stakeholders, since 2003, formed part of the Report on Operations, integrating its financial and non-financial data.
The Group produces and publishes a yearly report fully dedicated to Sustainability which, since 2009, adopts the principles of the AA1000 AccountAbility Principles Standard (inclusivity, materiality, responsiveness).

In 2002 TIM subscribed the principles of the Global Compact, the most important world organization launched by the ONU in 2000 to promote environment defence and respect for human rights and working standards. The System of Sustainability Management also takes into account the principal references, agreements, regulations and international standards.

On February 14, TIM is included in the 2019 edition of RobecoSAM's Sustainability Yearbook. The Group has received the Bronze Class Sustainability Award for having obtained a high score in the Annual Corporate Sustainability Assessment (CSA).

In September 2018 TIM was confirmed for the fiftheenth year running in both the sustainability index categories of the Dow Jones (Dow Jones Sustainability Index World and Europe).

In September 2018, TIM has been confirmed in the Thomson Reuters Index on Diversity and Inclusion  and enters the TOP 25.

The Index, launched in 2016, ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces through environmental, social and governance data. TIM's inclusion in the Diversity and Inclusion Index confirms the Group's commitment to equal opportunities, non-discrimination and inclusion, issues that TIM considers to be strategic for improving business.

Following the June 2018 review TIM has satisfied the requirements for being confirmed as a constituent of the FTSE4Good Index Series in which the company has been included since its inception.

TIM has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Global since 22/03/2019.

TIM has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe since 22/03/2019

TIM has been reconfirmed for inclusion in the Ethibel PIONEER and Ethibel EXCELLENCE Investment Registers since 02/02/2018. This selection by Forum ETHIBEL indicates that the company can be qualified as a sector leader in terms of Corporate Social Responsibility (CSR).

In the last half-yearly assessments TIM obtained high scores for its environmental, social and governance performance and as of June 2019 it is confirmed in the following Euronext Vigeo Eiris indexes:

World 120, which ranks the 120 listed companies with the highest level of corporate social responsibility in Europe, North America and the Asia Pacific region.

Eurozone 120 which ranks the 120 listed companies with the highest level of corporate social responsibility in the Eurozone.

Europe 120 which ranks the 120 listed companies with the highest level of corporate social responsibility in Europe.

TIM Participações, the listed holding company of the TIM Brasil Group, has had its position confirmed in the ISE (Índice de Sustentabilidade Empresarial) index, managed by BM&F Bovespa (the São Paolo stock exchange) together with the Brazilian Environment Ministry and other financial sustainability organisations.
The index consists of 35 companies which have obtained the highest scores in terms of sustainability and represent more than 44.75% of the total value of companies listed on the BM&FBOVESPA. 

You can find all the information about Telecom Italia Sustainability performances, reports and presence in the indexes under the section Sustainability of the website.