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==History== {{cleanup-rewrite|2=section|date=January 2025}} ===Origins=== In 1925, the Italian phone network was reorganised by the [[Mussolini government|Benito Mussolini cabinet]] and the company [[STIPEL]] was established in the same year. The original core of Telecom Italia included four companies which operated in a specific geographical area.:<ref>{{cite web |title=Economics and politics of telecommunications |url=http://www.forumti.it/fti/downloads/Summary%20(in%20english).pdf?ref=search}}</ref> [[TIMO]], [[TE.TI.]], [[TELVE]] and [[SET (company)|SET]]. In 1964, [[Società Idroelettrica Piemontese]] (SIP), a former energy company founded in 1918, ceased producing energy and acquired all of the Italian telephone companies, becoming [[Società Italiana per l'Esercizio Telefonico]]. It was run by the [[Ministry of Economy and Finance (Italy)|Italian Ministry of Finance]].{{Citation needed|date=May 2022}} SIP was a [[state monopoly]] from 1964 to 1996 and Italian people had to pay the "Canone Telecom" (a [[Fixed-line|line]] rental charge) in order to have a phone at home. ===1994–2005: Telecom Italia, Telecom Italia Mobile and DSL services=== The first appearance in the [[Italy|Italian]] [[mobile telephony]] market dates back to 1990 with the launch of the [[TACS]] [[Cellular network|network]] by the Telecom Italia Mobile Radio Services [[Division (business)|division]]. Telecom Italia was officially created on 27 July 1994 by the merge of several telecommunications companies among which SIP, [[IRITEL]], [[Italcable]], [[Telespazio]] and [[SIRM]] (companies owned by [[STET – Società Finanziaria Telefonica|STET]]).<ref>{{cite web |url=https://archivio.corriere.it/1994/marzo/18/nasce_Telecom_Italia_co_0_94031816349.shtml |title=nasce Telecom Italia |website=Corriere.it |language=it |url-status=dead |archive-url=https://web.archive.org/web/20120803190924/http://archiviostorico.corriere.it/1994/marzo/18/nasce_Telecom_Italia_co_0_94031816349.shtml |archive-date=2012-08-03}}</ref> This was due to a reorganization plan for the [[Telecommunications industry|telecommunications sector]] presented by [[Istituto per la Ricostruzione Industriale|IRI]] to the Minister of Finance. In 1995, the [[mobile telephony]] division was spun off as ''Telecom Italia Mobile'' (TIM),<ref name=":02">{{Cite web |date= |title=1980s – 1990s {{!}} Telecom Italia Group |url=https://www.telecomitalia.com/tit/en/about-us/history/80s-90s.html |url-status= |archive-url= |archive-date= |access-date=2017-07-04 |website=www.telecomitalia.com |language=en}}</ref><ref>{{Cite web |date= |title=History of Telecom Italia Mobile S.p.A. – FundingUniverse |url=http://www.fundinguniverse.com/company-histories/telecom-italia-mobile-s-p-a-history/ |url-status=live |archive-url=https://web.archive.org/web/20240617082010/http://www.fundinguniverse.com/company-histories/telecom-italia-mobile-s-p-a-history/ |archive-date=2024-06-17 |access-date=2014-08-13 |website=www.fundinguniverse.com}}</ref><ref>{{Cite book |last1=Cantoni |first1=V. |url=https://books.google.com/books?id=YpQdfylmkWgC&dq=28+giugno+1995+Telecom+Italia+mobile&pg=PA738 |title=Storia delle telecomunicazioni |last2=Falciasecca |first2=Gabriele |last3=Pelosi |first3=Giuseppe |date=2011 |publisher=Firenze University Press |isbn=978-88-6453-243-1 |language=it |access-date=2023-07-11 |archive-url=https://web.archive.org/web/20240617082014/https://books.google.com/books?id=YpQdfylmkWgC&dq=28+giugno+1995+Telecom+Italia+mobile&pg=PA738#v=onepage&q=28%20giugno%201995%20Telecom%20Italia%20mobile&f=false |archive-date=2024-06-17 |url-status=live}}</ref><ref>{{Cite book |last=Saporiti |first=Marco |url=https://books.google.com/books?id=7UMKBgAAQBAJ&dq=28+giugno+1995+Telecom+Italia+mobile&pg=PA59 |title=Storia della Telefonia in Italia |date=2013 |publisher=Lulu.com |isbn=978-88-97914-72-3 |language=it |access-date=2023-07-11 |archive-url=https://web.archive.org/web/20240617082016/https://books.google.com/books?id=7UMKBgAAQBAJ&dq=28+giugno+1995+Telecom+Italia+mobile&pg=PA59#v=onepage&q=28%20giugno%201995%20Telecom%20Italia%20mobile&f=false |archive-date=2024-06-17 |url-status=live}}</ref><ref>{{Cite web |date= |title=Gazzetta Ufficiale |url=http://www.gazzettaufficiale.it/eli/id/1995/07/17/S-17799/p2;jsessionid=Xou42sxip5n97MUGvaaXxQ__.ntc-as1-guri2a |url-status=live |archive-url=https://web.archive.org/web/20240617082050/https://www.gazzettaufficiale.it/eli/id/1995/07/17/S-17799/p2;jsessionid=Xou42sxip5n97MUGvaaXxQ__.ntc-as1-guri2a |archive-date=2024-06-17 |access-date=2015-09-24 |website=www.gazzettaufficiale.it |language=}}</ref><ref>{{Cite web |date= |title=Strategia marketing Omnitel vs Tim |url=http://www00.unibg.it/dati/corsi/8519/29824-Strategia%20marketing%20TIM%20vs%20Omnitel%20(Vodaphone).pdf |access-date=2015-07-24 |website=www00.unibg.it |language=it-IT}}</ref> while Telecom Italia, under managing director Francesco Chirichigno,<ref>{{cite news |last1=Glover |first1=John |title=Italy Invigorated |url=https://archive.org/details/mcni-images/page/30/mode/2up |access-date=16 May 2024 |work=Multichannel News International |publisher=Capital Cities/ABC |date=1 November 1995 |page=30}}</ref> would take care of fixed and [[public telephony]] and [[network infrastructure]]. On 7 October, after the experimentation period at the [[CSELT]], TIM launched the first [[Rechargeable calling card|rechargeable]] [[Prepaid mobile phone|prepaid card]] for Italy, the ''TIM Card'',<ref>{{Cite web |date= |title=I Corsi di Storia e Cultura dell'Industria - Settori industriali e imprese - Energia e Telecomunicazioni - Sip - Telecom Italia - Storia (pag. 30) |url=http://www.corsi.storiaindustria.it/settoriindustriali/energiatelecom/sip/storia/30.shtml |url-status=live |archive-url= https://web.archive.org/web/20150923210633/http://www.corsi.storiaindustria.it/settoriindustriali/energiatelecom/sip/storia/30.shtml |archive-date=2015-09-23 |access-date=2015-07-24 |website=www.corsi.storiaindustria.it}}</ref> becoming the first telephone company in the world to introduce this charging system. Towards the end of 1996 TIM was the first world [[Mobile Network Operator|operator]] to launch a tariff plan based on a prepaid card on the [[GSM]] network, which in a short time generated rapid growth in mobile telephony. Interbusiness, Italy's largest [[internet]] network, was created and in the same period with ''Telecom Italia Net'' (Tin.it) and the first [[Internet Service Provider]]s (ISPs), [[internet access]] became a reality in Italy.<ref>{{cite web|url=https://archivio.corriere.it/1995/febbraio/22/TELECOM_ITALIA_Interbusiness_con_Internet_co_8_9502221529.shtml|title=Archivio Corriere della Sera|website=archiviostorico.corriere.it}}</ref> In 1996, TIM introduced a new [[Rechargeable calling card|prepaid rechargeable phone card]]<ref>{{Cite web|url=https://books.google.com/books?id=-q6GrtjFqYkC&pg=PA45|title=The economics of mobile telecommunications page 45 reference #50}}</ref> ([[GSM]]), and one year later launched [[short messaging service]] (SMS) capability. In 1997, under the [[chairmanship]] of [[Guido Rossi (jurist)|Guido Rossi]], Telecom Italia was privatised and was transformed into a large multimedia group.<ref name=":12">{{Cite web |date= |title=TIM - Sapere.it |url=http://www.sapere.it/enciclopedia/TIM.html |access-date=2015-07-24 |website=www.sapere.it}}</ref> By 2001, the company was in debt and was acquired by [[Marco Tronchetti Provera]]. The following year, the group released its [[DSL]] Flat service in Italy, [[Alice ADSL]], with a download speed of 32 kbit/s and an upload speed of 8 kbit/s for €40/month plus a monthly based tax of €14.57, the "Canone Telecom", besides the mandatory monthly bills for home [[telephone number]]s (a home telephone number was required for [[ADSL]] service). [[Telecom Italia Media]], the group's multimedia company, was formed in 2003 from [[SEAT Pagine Gialle]], focussing its business on the [[Television industry|television sector]] with [[La7]] and [[MTV (Italy)|MTV]] [[Television channel|channels]].<ref>{{cite web|url=https://telecomitaliamedia.it/et/content/profile|archive-url=https://web.archive.org/web/20100713155259/http://www.telecomitaliamedia.it/et/content/profile|url-status=dead|archive-date=2010-07-13|title=Telecom Italia Media official site}}</ref> After the reorganization of [[Publishing industry|editorial]] activities, Telecom Italia acquired Tin.it and [[Virgilio.it|Virgilio]] from Telecom Italia Media in 2005 .<ref>{{cite web|url=http://archivio-radiocor.ilsole24ore.com/articolo-433346/telecom-acquista-virgilio-tin-it/|title=News archive on IlSole24ore}}</ref> The Telecom Italia Group also operates in [[South America]]; in [[Brazil]] as [[TIM Brasil]], and in [[Argentina]] and [[Paraguay]] with [[Telecom Argentina]]. TIM Brasil has its local headquarters in [[Rio de Janeiro]].<ref>{{Cite web|url=https://www.bnamericas.com/en|title=BNamericas - Develop your Latin America business|website=BNamericas.com}}</ref> Telecom Italia also had a 50% share in the [[Bolivia]]n telecommunications company [[Entel (Bolivia)|Entel]] until its share was nationalised by the [[Bolivian government]] in 2008.<ref>{{cite news|url=https://www.elcomercio.com/noticiaEC.asp?id_noticia=217331&id_seccion=5 |title=Bolivia acepta arbitraje por nacionalización de una telefónica |publisher=El Comercio |date=August 27, 2008 |language=es |access-date=2010-04-13}} {{Dead link|date=October 2010|bot=H3llBot}}</ref><ref>{{Cite news|date=2008-05-01|title=UPDATE 1-Bolivia announces takeover of Telecom Italia unit|language=en|work=Reuters|url=https://www.reuters.com/article/entel-bolivia-idUSN0121819820080501|access-date=2020-09-17}}</ref> In 2002, TIM was the first [[mobile telecommunications company]] in [[Europe]] to launch [[Multimedia Messaging Service|MMS]] services.<ref>{{Cite web |date= |title=Tim lancia gli Mms: quest'estate le cartoline si spediscono gratuitamente col telefonino |url=http://www.cellularitalia.com/comu/tim210502.php |url-status=live |archive-url=https://web.archive.org/web/20240617082521/https://www.cellularitalia.com/comu/tim210502.php |archive-date=2024-06-17 |access-date=2015-07-24 |website=www.cellularitalia.com}}</ref><ref>{{Cite web |date= |title=LoSai di TIM |url=http://www.cellularitalia.com/news/tim026losaiditim.html |url-status=dead |archive-url=https://web.archive.org/web/20160305041129/http://www.cellularitalia.com/news/tim026losaiditim.html |archive-date=2016-03-05 |access-date=2015-07-24 |website=www.cellularitalia.com}}</ref> Between 2002 and 2004, it launched some [[value-added service]]s: SMS and MMS content, [[Internet]] [[Web browsing|browsing]] using [[Wireless Application Protocol|WAP]] technology, games and [[Java application]]s. In 2003, the world's first [[mobile television]] service was launched, exploiting the video playback capabilities appearing on mobile terminals in that period and, again in 2003, it stipulated an [[international roaming]] agreement, similar to that of [[Vodafone]], with operators world's leading mobile ([[T-Mobile International|T-Mobile]], [[Orange (telecommunications)|Orange]] and [[TeliaSonera]]). This alliance will be called [[FreeMove]].<ref>{{Cite web |date= |title=Tim: alleanza internazionale sotto il marchio FreeMove |url=http://www.cellularitalia.com/comu/tim290304.php |url-status=live |archive-url=https://web.archive.org/web/20160602114606/http://www.cellularitalia.com/comu/tim290304.php |archive-date=2016-06-02 |access-date=2015-07-24 |website=www.cellularitalia.com}}</ref> In 2004, as part of the ''TIM Turbo'' project, the [[EDGE (telecommunication)|EDGE]] and [[UMTS]] services were created for high-speed data transmission. ===2005–2014: Telecom Italia acquired by Telefónica=== In 2005, the first Italian [[mobile community]], ''TIM Tribù'', was formed.<ref>{{Cite web |date= |title=Tim: dal 03-10-05 nuovo profilo "TIM Tribù" per Ricaricabili |url=http://www.cellularitalia.com/news/tim437tribu.php |url-status=live |archive-url=https://web.archive.org/web/20131023025841/http://www.cellularitalia.com/news/tim437tribu.php |archive-date=2013-10-23 |access-date=2015-07-24 |website=www.cellularitalia.com}}</ref> In June 2005, TIM merged into Telecom Italia, remaining active as brand for Telecom Italia's mobile telephony offer.<ref>{{Cite web |date= |title=Avviso Efficacia della fusione Telecom Italia - Tim |url=http://www.telecomitalia.com/tit/it/archivio/governance/verbali_atti_relazioni/2005/06-24.html |access-date=2016-03-12 |website=Gruppo Telecom Italia |language=it-IT}}</ref> Telecom Italia reported mounting debts in 2005, and, one year later, [[Chief executive officer|CEO]] Marco Tronchetti Provera resigned.<ref>{{cite web|url=https://www.pirelli.com/mediaObject/corporate/documents/en/media/pirelli_telecom/Pirelli_in_Telecom_Italia_2001_to_2007/original/Pirelli_in_Telecom_Italia_2001_to_2007.pdf?ref=search|title=Pirelli as manager and investor in Telecom Italia (2001-2007)|access-date=24 August 2015|archive-url=https://web.archive.org/web/20150908100217/https://www.pirelli.com/mediaObject/corporate/documents/en/media/pirelli_telecom/Pirelli_in_Telecom_Italia_2001_to_2007/original/Pirelli_in_Telecom_Italia_2001_to_2007.pdf?ref=search|archive-date=8 September 2015|url-status=dead|df=dmy-all}}</ref> In 2007 the company was bought by Telco, a consortium of [[Telefónica]] and several [[Italian banks]].<ref>{{cite news|url=https://www.nytimes.com/2007/04/29/technology/29cnd-telecom.html|title=Telefónica Gets Controlling Stake in Telecom Italia|first1=Victoria|last1=Burnett|first2=Peter|last2=Kiefer|newspaper=The New York Times |date=29 April 2007}}</ref> Telefónica owned 46% of Telco, the [[holding company]] that controlled 22% of Telecom Italia. In December 2011, the company developed ''TIM Cloud'', a [[cloud storage]] service dedicated to its customers where they can save [[digital file]]s.<ref>{{Cite web |date= |title=Tim: dal 03-12-12 novità offerta 'TIM Cloud 200 GB' |url=http://www.cellularitalia.com/news/tim901tim-cloud03-12.php |url-status=live |archive-url=https://web.archive.org/web/20240617082522/https://www.cellularitalia.com/news/tim901tim-cloud03-12.php |archive-date=2024-06-17 |access-date=2015-07-24 |website=www.cellularitalia.com}}</ref> In November 2012, TIM launched its [[LTE (telecommunications)|LTE]] network.<ref>{{Cite web |date= |title=TIM: al via nuovi servizi ultrabroadband su rete LTE |url=http://www.cellularitalia.com/comu/tim161012.php |url-status=live |archive-url=https://web.archive.org/web/20240617082522/https://www.cellularitalia.com/comu/tim161012.php |archive-date=2024-06-17 |access-date=2015-07-24 |website=www.cellularitalia.com}}</ref> The ''TIM Wallet'' service was born in February 2013, to be able to make payments via [[smartphone]] thanks to [[Near-Field Communication|NFC]] technology.<ref>{{Cite web |date= |title=Telecom Italia: sperimentazione servizio mobile ticketing NFC |url=http://www.cellularitalia.com/comu/telecom170513.php |access-date=2015-07-24 |website=www.cellularitalia.com}}</ref> In late 2013, Telefónica announced its intention to acquire the entirety of Telco by January 2014, potentially becoming Telecom Italia's largest [[shareholder]].<ref>{{Cite news|last=Mesco|first=Gabriele Lamonica And Manuela|date=2013-09-23|title=Telefónica in Talks to Become Majority Stakeholder in Telecom Italia's Holding Company|language=en-US|work=Wall Street Journal|url=https://online.wsj.com/article/SB10001424052702303759604579093060864026116.html|access-date=2021-04-02|issn=0099-9660}}</ref><ref>{{Cite web|last=Emsden|first=Christopher|title=Telefonica to take control of Italy's Telco|url=https://www.marketwatch.com/story/telefonica-to-take-control-of-italys-telco-2013-09-24|access-date=2021-04-02|website=MarketWatch|date=24 September 2013 |language=en-US}}</ref> The plan, however, is being challenged by the Brazilian competition authority since Telefónica and Telecom Italia, with [[Vivo (telecommunications)|Vivo]] and TIM respectively, are the two largest telephone companies competing in Brazil. In 2014, multimedia entertainment services were launched through the TIMgames, TIMmusic, TIMreading and [[TIMvision]] [[Mobile application|applications]].<ref>{{Cite web |date= 27 April 2015|title=Con TIM tv, musica, giochi e calcio senza consumare il credito {{!}} Famiglia |url=http://www.oggi.it/famiglia/offerte-e-risparmio/2015/04/27/con-tim-tv-musica-giochi-e-calcio-senza-consumare-il-credito/ |access-date=2015-07-24 |website=www.oggi.it}}</ref> ===2015: Rebrand=== In 2015, the company started a [[rebranding]] process towards the unified TIM [[brand]], which would no longer be used only to identify mobile telephony offers but also for fixed telephony ones, abandoning the Telecom Italia brand.<ref>{{cite web |title=Telecom Italia Group: 2015–2017 strategic plan approved, cumulative investments planned totalling around 14.5 billion euros over the three year period |url=http://www.telecomitalia.com/tit/en/archivio/media/comunicati-stampa/telecom-italia/corporate/economico-finanziario/2015/2015-2017-strategic-plan-approved.html |access-date=2015-04-02 |work=Telecom Italia Group |language=en}}</ref><ref>{{Cite web |date= |title=Telecom Italia diventa TIM |url=http://in.tim.it/telecom-italia-diventa-tim/ |access-date=2015-08-13 |website=TIM |language=it}}</ref><ref>{{Cite web |date= |title=Telecom Italia diventa TIM - La Nuova TIM |url=http://in.tim.it/la-nuova-tim/ |access-date=2015-08-13 |website=TIM |language=it}}</ref><ref>{{Cite web |date= |title=Nuovo sito TIM Telecom italia |url=http://www.tim.it/nuovo-sito-TIM-Telecom-italia |access-date=2015-08-13 |website=TIM |language=it}}</ref><ref>{{Cite web |title=Our brands |url=http://www.telecomitalia.com/tit/en/about-us/branding/brands/our-brands.html |access-date=2015-10-03 |website=Telecom Italia Group |language=en}}</ref> In the same year, the [[board of directors]] approved the new company's division, [[Infrastrutture Wireless Italiane]] (INWIT) which operates 11,500 [[Cell site|wireless towers]].<ref>{{cite news |title=Telecom Italia gets OK for towers IPO, values it at €2.34B |url=https://seekingalpha.com/news/2564296-telecom-italia-gets-ok-for-towers-ipo-values-it-at-2_34b |date=5 June 2015 |work=Seeking Alpha |author=Aycock, Jason }}</ref><ref>{{cite news |title=Telecom Italia gets regulatory OK for €1bn towers IPO |author=Lennighan, Mary |date=5 June 2015 |work=Total Telecom |url=https://totaltele.com/view.aspx?ID=490171 }}</ref> TIM was the Official Global Partner of [[Expo 2015]]. Thanks to the company's contribution, it was possible to create the first Italian digital [[smart city]], directly in the exhibition area. TIM has in fact equipped the entire area with technological solutions, fixed network, mobile and Internet infrastructures and coverage of the exhibition site with fixed and mobile [[ultra-broadband]] connections and [[Wi-Fi]] connections based on [[Cisco Systems|Cisco]] technology.<ref>{{Cite web |date= 30 April 2015|title=TIM per la digital smart city dell'Expo 2015 |url=http://www.key4biz.it/expo-2015-di-milano-si-accende-la-digital-smart-city-di-tim/118086/ |url-status=live |archive-url=https://web.archive.org/web/20240617083025/http://www.key4biz.it/expo-2015-di-milano-si-accende-la-digital-smart-city-di-tim/118086/ |archive-date=2024-06-17 |access-date=2015-09-11 |website=www.key4biz.it}}</ref> ===2015–2018: Vivendi=== It was revealed in October 2015 that shareholders [[Vivendi]] would raise their stakes further in the company from its current level of 15.49%.<ref>{{cite web|title=Exclusive: Vivendi moves to raise Telecom Italia stake to around 19 percent - sources|url=https://www.reuters.com/article/2015/10/01/us-telecomitalia-vivendi-exclusive-idUSKCN0RV5Q020151001|website=Reuters|date=1 October 2015|access-date=2 July 2017|archive-date=2 December 2018|archive-url=https://web.archive.org/web/20181202064808/https://www.reuters.com/article/us-telecomitalia-vivendi-exclusive/exclusive-vivendi-moves-to-raise-telecom-italia-stake-to-around-19-percent-sources-idUSKCN0RV5Q020151001|url-status=dead}}</ref> As of May 2017, Vivendi owns 24.6% of the company with Vivendi's CEO [[Arnaud de Puyfontaine]] becoming [[executive chairman]] of Telecom Italia.<ref>{{cite news|url=https://www.reuters.com/article/us-telecomitalia-vivendi-chairman/telecom-italia-names-vivendi-ceo-de-puyfontaine-as-chairman-source-idUSKBN18S5LC|title=Telecom Italia appoints Vivendi's CEO as chairman|date=1 June 2017|newspaper=Reuters}}</ref> Amos Genish is the new CEO since 28 September 2017 and he has been criticized to have fired 4500 Telecom Italia employees in June 2018.<ref>{{cite web|url=https://www.huffingtonpost.it/2018/05/17/tim-al-via-cassa-integrazione-per-3-4mila-persone_a_23436776/|title=Tim, scatta la cassa integrazione: in un anno gli esuberi arriveranno a 4.500|date=17 May 2018|website=L'HuffPost}}</ref> He has been substituted by Luigi Gubitosi, who became the new CEO on 18 November 2018.<ref>{{cite web|url=https://www.corriere.it/economia/18_novembre_18/chi-gubitosi-l-uomo-operazioni-difficili-4b4d6778-eb25-11e8-a3a7-d3b748828557.shtml|title=Chi è Gubitosi, l'uomo delle operazioni difficili|first=Redazione|last=Economia|date=18 November 2018|website=Corriere della Sera}}</ref> In 2016, following the rebranding that led to the adoption of the single TIM brand, the [[parent company]] also decided to change its identity. The company name of Telecom Italia it was in fact changed to TIM Group, however still maintaining the previous name on some occasions.<ref>{{Cite web |date= |title=Telecom Italia shareholders' meeting held: all items on the agenda approved {{!}} Telecom Italia Group |url=http://www.telecomitalia.com/tit/en/archivio/media/comunicati-stampa/telecom-italia/corporate/economico-finanziario/2016/Telecom-Italia-shareholders-meeting-2016-05-25.html |access-date=2016-05-29 |website=www.telecomitalia.com}}</ref> ===2023–2024: the spin-off of NetCo=== On 12 June 2024 [[Moody's Corporation|Moody's]] improves its rating on TIM, raising it to Ba3 from B1.<ref>{{cite news |title=Moody's alza il rating di Tim, outlook positivo |url=https://www.ansa.it/sito/notizie/topnews/2024/06/12/moodys-alza-il-rating-di-tim-outlook-positivo_5141b3f8-6e9c-4be1-af37-80891bfb7f08.html |access-date=1 July 2024 |agency=ansa.it |publisher=ansa.it |date=12 June 2024}}</ref><ref>{{cite news |title=TIM, Moody's alza rating a "Ba3". Outlook positivo |url=https://www.borsaitaliana.it/borsa/notizie/teleborsa/finanza/tim-moody-s-alza-rating-a-ba3-outlook-positivo-225_2024-06-12_TLB.html |access-date=1 July 2024 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=12 June 2024}}</ref> On 1 July 2024 the transfer of the network to KKR took place, with a debt reduction of 22 billion euros.<ref>{{cite news |title=Tim, il 1° luglio il D-Day per la cessione della rete a Kkr. Cosa succederà dopo |url=https://www.milanofinanza.it/news/tim-il-1-luglio-il-d-day-per-la-cessione-della-rete-a-kkr-cosa-succedera-dopo-202406241447353092 |access-date=1 July 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=24 June 2024}}</ref> The operation values the network at a total of 18.8 billion euros, expandable up to 22 billion with the earn outs also linked to the possible merger between NetCo and [[Open Fiber]]. On 9 July 2024, [[Standard & Poor|S&P]], after the sale of the network to the KKR, promoted the TIM Group to BB from the previous B+, with the outlook remaining stable.<ref>{{cite news |title=Tim corre dopo il miglioramento del rating da parte di S&P |url=https://www.ilsole24ore.com/art/tim-corre-il-miglioramento-rating-parte-sp-AFAxVMiC |access-date=10 July 2024 |agency=ilsole24ore.com |publisher=ilsole24ore.com |date=10 July 2024}}</ref> On July 31, 2024, Tim presented its half-yearly results, with a debt that after the sale of the network settles at 8.1 billion euros, with a further reduction of 0.6 billion expected for the end of the year. TIM had a turnover of 7.1 billion euros (+3.5%) and an EBITDA of 2.1 (+9.4%).<ref name="auto1">{{cite news |title=Nuova Tim, crescono i ricavi e i margini |url=https://www.milanofinanza.it/news/nuova-tim-crescono-i-ricavi-e-i-margini-202407312156442953?refresh_cens |access-date=31 July 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=31 July 2024}}</ref> [[Fitch Ratings|Fitch]], following Moody's and S&P, upgraded the rating to BB with a stable outlook. On August 19, 2024, TIM announces a partnership with [[Nokia]] to enhance the 5G mobile network in [[Brazil]].<ref>{{cite news |title=Tim affida a Nokia il potenziamento del 5G in Brasile. Il titolo sale a Piazza Affari |url=https://www.milanofinanza.it/news/tim-affida-a-nokia-il-potenziamento-del-5g-in-brasile-il-titolo-sale-a-piazza-affari-202408191507214142 |access-date=19 August 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=19 August 2024}}</ref> On October 2, 2024, TIM examines the proposal formulated by the [[Ministry of Economy and Finance (Italy)|Italian Ministry of Economy and Finance]] together with the Asterion fund for the purchase of the entire share of [[Telecom Italia Sparkle|Sparkle]]. TIM would thus conclude the debt restructuring process by collecting an additional 700 million euros.<ref>{{cite news |title=Tim: Mef e Asterion presentano un'offerta da 700 milioni per Sparkle |url=https://www.milanofinanza.it/news/tim-mef-e-asterion-presentano-un-offerta-da-700-milioni-per-sparkle-202410021847156876 |access-date=24 October 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=2 October 2024}}</ref> On 23 October 2024, corruption charges are formulated by the [[Guardia di Finanza]] and the Rome Prosecutor's Office against the director Simone De Rose, head of the Procurement function office of TIM Group and Emilio Graziano, manager of [[NTT Data]] Italia.<ref>{{cite news |title=Corruzione, perquisiti gli uffici dei dirigenti di Tim e Ntt Data. Il titolo del colosso tlc cala a Piazza Affari |url=https://www.milanofinanza.it/news/corruzione-perquisiti-gli-uffici-dei-procuratori-di-tim-e-ntt-data-il-titolo-del-colosso-tlc-cala-a-piazza-202410230940317252 |access-date=24 October 2024 |agency=milanofinanza.it |publisher=milanofinanza.it}}</ref> TIM immediately appoints a new manager, Giampaolo Leone. TIM evaluates a request for compensation for damages to the dishonest employee and collaborates with the Guardia di Finanza inspectors in the investigation.<ref>{{cite news |title=Corruzione, perquisizioni per dirigenti di Tim e Ntt Data Italia. Tim nomina un nuovo responsabile acquisti: Giampaolo Leone |url=https://www.ilsole24ore.com/art/corruzione-perquisizioni-dirigenti-tim-e-ntt-data-italia-AGbNITi |access-date=24 October 2024 |agency=ilsole24ore.com |publisher=ilsole24ore.com |date=23 October 2024}}</ref> On November 5, 2024, the subsidiary [[TIM Brasil]] has continued to show strong growth in revenues and profits, confirming itself as a strong cash flow generator for the group. <ref>{{cite news |title=Tim Brasil continua a crescere nel terzo trimestre e conferma 550 milioni di dividendi nel 2024. I giudizi degli analisti |url=https://www.milanofinanza.it/news/tim-brasil-continua-a-crescere-nel-terzo-trimestre-e-conferma-550-milioni-di-dividendi-nel-2024-i-giudizi-202411051348334711 |access-date=7 November 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=5 November 2024}}</ref><ref>{{cite news |title=Tim Brasil, utile 3° trimestre in aumento dell'11,2%. Agli azionisti 3,5 miliardi di reais |url=https://www.borsaitaliana.it/borsa/notizie/teleborsa/finanza/tim-brasil-utile-3-trimestre-in-aumento-dell-112-agli-azionisti-35-miliardi-di-reais-53_2024-11-05_TLB.html |access-date=7 November 2024 |agency=borsaitaliana.it |publisher=borsaitaliana.it |date=5 November 2024}}</ref> On 13 November 2024, TIM Group published Q3/9M 2024 Financial Results. TIM Group has revenues growing to €10.7 billion with gross operating margin rising to €2.7 billion, while Tim's adjusted net financial debt after lease is €8.0 billion.<ref>{{cite web |title=TIM Group 9M 24 Financial & Operating Figures |url=https://www.gruppotim.it/content/dam/gt/investitori/webcast/2024/TIM-Group-Financial-%26-Operating-Figures-9M-%2724.pdf |website=gruppotim.it |access-date=13 November 2024}}</ref><ref>{{cite news |title=Tim chiude i 9 mesi con ricavi in crescita a 10,7 miliardi |url=https://www.ansa.it/sito/notizie/economia/2024/11/13/tim-chiude-i-9-mesi-con-ricavi-in-crescita-a-107-miliardi_8b85a99e-abff-4475-9ab6-7194fc258b9f.html |access-date=13 November 2024 |agency=ansa.it |publisher=ansa.it |date=13 November 2024}}</ref><ref>{{cite news |title=Telecom Italia says earnings and debt goals on track after network sale |url=https://www.reuters.com/business/media-telecom/telecom-italia-says-earnings-debt-goals-track-after-network-sale-2024-11-13/ |access-date=13 November 2024 |agency=reuters.com |publisher=reuters.com |date=13 November 2024}}</ref> On 17 December 2024, [[CVC Capital Partners]] is evaluating the purchase of Vivendi's entire stake in Telecom Italia and the stock rises by 5.7%.<ref>{{cite news |title=Cvc mette nel mirino la quota Vivendi, Tim sale del 5,7% |url=https://www.milanofinanza.it/news/cvc-mette-nel-mirino-la-quota-vivendi-tim-sale-del-5-7-2649609?refresh_cens |access-date=18 December 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=17 December 2024}}</ref><ref>{{cite news |title=Tim, fondi in manovra su quota Vivendi |url=https://www.ilgiornale.it/news/economia/tim-fondi-manovra-su-quota-vivendi-2412716.html |access-date=18 December 2024 |agency=ilgiornale.it |publisher=ilgiornale.it |date=17 December 2024}}</ref> === 2025–present : Poste Italiane and the sale of Sparkle === On 13 January 2025, the Milan court rejected the appeal presented by Vivendi against the board of directors for the sale of TIM's network.<ref>{{cite news |date=15 January 2025 |title=Tim, il tribunale boccia il ricorso |url=https://www.milanofinanza.it/news/tim-il-tribunale-boccia-il-ricorso-2652302?refresh_cens |access-date=15 January 2025 |publisher=milanofinanza.it |agency=milanofinanza.it}}</ref><ref>{{cite news |date=14 January 2025 |title=Vivendi, Tribunale Milano dichiara inammissibile ricorso contro TIM |url=https://www.teleborsa.it/News/2025/01/14/vivendi-tribunale-milano-dichiara-inammissibile-ricorso-contro-tim-45.html |access-date=15 January 2025 |publisher=teleborsa.it |agency=teleborsa.it}}</ref> On 15 January 2025, TIM's board of directors discussed the offer presented by the [[Ministry of Economy and Finance (Italy)|Ministry of Economy and Finance]] and Retelit for the sale of [[Telecom Italia Sparkle|Sparkle]].<ref>{{cite news |date=8 January 2025 |title=Tim cresce in attesa di Sparkle |url=https://www.milanofinanza.it/news/tim-cresce-in-attesa-di-sparkle-2651540 |access-date=15 January 2025 |publisher=milanofinanza.it |agency=milanofinanza.it}}</ref> The proposed offer is approximately 700 million euros for full control of Sparkle.<ref>{{cite news |date=19 December 2024 |title=Sparkle, l'offerta di Mef e Retelit conferma la valutazione a 700 milioni |url=https://www.ilsole24ore.com/art/sparkle-l-offerta-mef-e-retelit-conferma-valutazione-700-milioni-AGOEcXrB |access-date=15 January 2025 |publisher=ilsole24ore.com |agency=ilsole24ore.com}}</ref><ref>{{cite news |date=7 January 2025 |title=Scatto di Tim, attenzione su Sparkle e sul nuovo piano industriale |url=https://www.ilsole24ore.com/art/scatto-tim-attenzione-sparkle-e-nuovo-piano-industriale-AG2Bx69B |access-date=15 January 2025 |publisher=ilsole24ore.com |agency=ilsole24ore.com}}</ref> Furthermore, 20 January 2025 is also the deadline for TIM to negotiate with the Italian government an agreement on the refund of the 1998 license fee, an agreement worth hundreds of millions of euros.<ref>{{cite news |date=15 January 2025 |title=Tim: oggi cda interlocutorio su offerta per Sparkle, prossima riunione il 22 |url=https://www.ilsole24ore.com/radiocor/nRC_15.01.2025_19.58_70410704 |access-date=15 January 2025 |publisher=ilsole24ore.com |agency=ilsole24ore.com}}</ref> If both deals go through, there could be a further €1.8 billion cut in TIM's already reduced debt. On 15 January 2025, the stock closed the trading day with a +0.47% at a price of €0.258, confirming a bullish trend that takes it away from the minimum values reached last year.<ref>{{cite news |date=15 January 2025 |title=Telecom Italia |url=https://www.teleborsa.it/azioni/telecom-italia-tit-it0003497168-SVQwMDAzNDk3MTY4 |access-date=15 January 2025 |publisher=teleborsa.it |agency=teleborsa.it}}</ref> On February 12, 2025, Tim Group presents the 2024 financial statements with growing profits and approves the sale of Sparkle for 700 million which will be completed during the year. It also communicates the postponement of share dividends to 2026.<ref>{{cite news |title=Tim, il cda approva l'offerta per Sparkle di Mef e Retelit da 700 milioni: tutti i tempi dell'operazione |url=https://www.milanofinanza.it/news/tim-il-cda-approva-l-offerta-per-sparkle-di-mef-e-retelit-da-700-milioni-closing-atteso-nel-primo-trimestre-202502121413526622 |access-date=18 February 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=12 February 2025}}</ref> ====Share swap between Cdp and Poste Italiane==== On February 17, 2025, there is a share exchange with [[Poste Italiane]] of the share held by [[Cassa Depositi e Prestiti|Cdp]], in this way Poste Italiane becomes a shareholder of Tim and Cdp exits totally from the share capital of Tim with a cash consideration and [[Nexi]] shares. Poste Italiane is not only a major shareholder, but also a strategic partner of Tim, in the [[Italian Government]]'s view of protecting and strengthening Tim as an important Italian asset.<ref>{{cite news |title=Tim, i risvolti dello scambio Cdp-Poste: cosa cambia per Labriola, Vivendi e Iliad l'ingresso di Del Fante nella partita |url=https://www.milanofinanza.it/news/tim-i-risvolti-dello-scambio-cdp-poste-cosa-cambia-per-labriola-vivendi-e-iliad-l-ingresso-di-del-fante-202502141936385264 |access-date=18 February 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=17 February 2025}}</ref><ref>{{cite news |title=Tim, Poste apre il dialogo con Vivendi: primi contatti per collaborare. Colloqui possibili anche con Iliad e Cvc |url=https://www.milanofinanza.it/news/tim-poste-apre-il-dialogo-con-vivendi-primi-contatti-per-collaborare-colloqui-possibili-anche-con-iliad-202502171852541426 |access-date=18 February 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=17 February 2025}}</ref> On 5 March 2025, Tim Group presents improving financial data with after-lease debt at 7,266 million euros.<ref>{{cite news |title=Tim rivede l'utile nel semestre, per il 2024 il rosso si riduce a 364 milioni |url=https://www.ilsole24ore.com/art/tim-rivede-l-utile-semestre-il-2024-rosso-si-riduce-364-milioni-AGutYHLD |access-date=5 March 2025 |agency=ilsole24ore.com |publisher=ilsole24ore.com |date=5 March 2025}}</ref><ref>{{cite news |title=Tim torna in utile senza la rete: nel secondo semestre utile di 139 milioni. Gli ostacoli per Cvc sul dossier |url=https://www.milanofinanza.it/news/tim-torna-in-utile-senza-la-rete-nel-secondo-semestre-utile-di-139-milioni-gli-ostacoli-per-cvc-sul-202503051902168284?refresh_cens |access-date=5 March 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=5 March 2025}}</ref> ====Vivendi reduces its stake in the share capital==== Starting from March 18, 2025, Vivendi will progressively reduce its stake in the share capital from 23.75% to 18.4%. On March 21, 2025, this reduction of the share is communicated to CONSOB.<ref>{{cite news |title=Tim, la mossa a sorpresa di Vivendi: venduto sul mercato il 5% del gruppo tlc |url=https://www.milanofinanza.it/news/tim-la-mossa-a-sorpresa-di-vivendi-venduto-sul-mercato-il-5-del-gruppo-tlc-202503211934439884 |access-date=22 March 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=22 March 2025}}</ref> On March 28, 2025, Poste Italiane buys 15% of Tim from the share held by [[Vivendi]] and increases the previous share held to 24.8%. The portion of the shares purchased by [[Poste Italiane]] cost approximately 684 million at 0.2975 euros per share. With this stock transaction, Poste Italiane becomes the majority shareholder of TIM Group.<ref>{{cite news |title=Poste compra il 15% di Tim da Vivendi e sale al 24,8%. Cosa cambia per il colosso delle tlc |url=https://www.milanofinanza.it/news/poste-compra-il-15-di-tim-da-vivendi-e-sale-al-24-8-cosa-cambia-per-il-colosso-delle-tlc-202503291933176018 |access-date=29 March 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=29 March 2025}}</ref> ====Poste Italiane majority shareholder==== As April 2025, Poste Italiane holds a 24.81% majority stake in TIM Group, while Vivendi's share has shrunk to 2.5%. On April 14, 2025, the sale of Sparkle to the [[Ministry of Economy and Finance (Italy)|MEF]]-Retelit consortium is completed. The transaction is expected to be concluded by the last quarter of 2025.<ref>{{cite news |title=Tim, Mef e Retelit firmano l’accordo per la cessione di Sparkle: operazione da 700 milioni |url=https://www.milanofinanza.it/news/tim-mef-e-retelit-firmano-l-accordo-per-la-cessione-di-sparkle-operazione-da-700-milioni-202504141835094382 |access-date=15 April 2025 |agency=milanofinanza.it |publisher=milanofinanza.it |date=14 April 2025}}</ref>
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