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Telecom Italia - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
The Telecom Italia Group provides fixed-line, mobile telephony, and Internet services in Italy and certain countries outside of Italy. The Group is also active in the media sector and it supplies office products and solutions, commercial systems and IT for gaming and lotteries. Telecom Italia's international operations are concentrated mainly in South America, Europe, and the Mediterranean basin. At September 30, 2006, the Telecom Italia Group was one of the world’s largest wireline operators, with approximately 24.3 million fixed-lines installed (including ISDN equivalent lines) in Italy and approximately 8.2 million broadband accesses in Italy and Europe. In addition, the Telecom Italia Group is the leading mobile operator in Italy, with approximately 31.5 million lines at September 30, 2006; and as of the same date Telecom Italia Group had 24.1 million mobile lines in Brazil. Telecom Italia's shares are sold on the Milan Stock Exchange and on the New York Stock Exchange (through ADRs). As of September 30, 2006, Telecom Italia's ordinary shares were held by: Olimpia SpA (17.99%), Telecom Italia Group (0.94%), Foreign institutional investors (20.49%), Italian institutional investors (25.81%), Foreign companies (2.85%), Italian companies (7.46%), Other Italian shareholders (24.37%), and Other foreign shareholders (0.09%). Olimpia is owned 80% by Pirelli & C SpA and 20% by Edizione Holding of the Benetton family.
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