Editing TIM Group (section)

==Operations==
The Telecom Italia Group provides phone landline services and mobile services in Italy, GSM mobile phone services in Italy and Brazil through its [[Telecom Italia Mobile|TIM]] and [[TIM Brasil]] [[Subsidiary|subsidiaries]], and [[DSL]] Internet and telephony services in Italy and [[San Marino]] (through [[Telecom Italia San Marino]]). It also operates in international [[telecommunications service]]s for other operators and corporations, through its subsidiary [[Telecom Italia Sparkle]]. In 2013, the total amount of the company's debt was about 26 billion €.<ref name="ilfattoquotidiano.it">{{cite web|url=https://www.ilfattoquotidiano.it/2014/03/25/telecom-patuano-prepara-la-guerra-a-fossati-in-ballo-ce-uno-stipendio-da-1-milione/926469/|title=Telecom, Patuano prepara la guerra a Fossati. In ballo c'è uno stipendio da 1 milione - Il Fatto Quotidiano|author=Costanza Iotti|work=Il Fatto Quotidiano|date=25 March 2014 |access-date=2015-04-21}}</ref> Telecom Italia has 66,025 employees.

Telecom Italia also controls [[Olivetti]], a manufacturer of computer peripherals and mobile phones. On March 31, 2014, Telecom Italia led both the direct fixed access lines market with a 62% share, and the mobile [[postpaid]] segment with a 45% market share. In the mobile "[[prepaid mobile phone|prepaid]]" segment Telecom Italia owned a 31.5% market share together with [[Vodafone]].<ref>{{cite web|url=https://www.agcom.it/documents/10179/1734740/Allegato+24-7-2014/d7ff11cd-3f3e-4742-b121-75f4e9ae8d34?version=1.0|title=Osservatorio Trimestrale sulle Telecomunicazioni |publisher=Agcom.it}}</ref>

After the merger of [[3 Italy]] and [[Wind Telecomunicazioni|Wind]], completed on 31 December 2016 with the born of [[Wind Tre]], Telecom Italia is now the country's second largest carrier with 30 million customers, followed by [[Vodafone Italy|Vodafone]] with 25 million customers.<ref>{{cite web|url=http://www.pyramidresearch.com/about-us/media-center/press-releases/the-merger-wind-3-italia-may-unlock-convergence-opportunities/?ref=search|title=Pyramid Research - The merger Wind-3 Italia may unlock convergence opportunities|website=www.pyramidresearch.com}}</ref> Telecom Italia has preserved its leadership on the direct fixed access lines market and the mobile postpaid segment.<ref>{{Cite web|url=https://st.ilsole24ore.com/art/finanza-e-mercati/2015-08-06/tlc-siglate-nozze-wind-e-3-italia-145750.shtml?uuid=ACn8Hwd|title=Tlc, nozze tra Wind e 3 Italia. Fusione da 6,4 mld per il nuovo leader del mercato mobile|website=Il Sole 24 ORE}}</ref>

===High debt issue===
The high accumulated debt was mainly due to the 1999 takeover bid carried out by [[Roberto Colaninno]], who acquired the company and subsequently offloaded the purchase costs onto the company itself.<ref>{{cite news |title=Tim, la cessione della rete è il triste epilogo dell'opa del secolo |url=https://www.milanofinanza.it/news/tim-la-cessione-della-rete-e-il-triste-epilogo-dell-opa-del-secolo-202403082018195742 |access-date=8 March 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=8 March 2024}}</ref><ref>{{cite news |title=Telecom: come si uccide un'azienda strategica per soldi |url=https://www.corriere.it/dataroom-milena-gabanelli/telecom-come-si-uccide-un-azienda-strategica-soldi/574c7106-7c70-11ec-8a2d-4c61d1a6b1fa-va.shtml |access-date=8 March 2024 |agency=corriere.it |publisher=corriere.it |date=24 January 2022}}</ref>

Telecom Italia S.p.A. deals with a total debt of €27 billion as of the end of 2019.<ref name="auto">{{cite web |url= https://www.gruppotim.it/content/dam/gt/investitori/doc---report-finanziari/2021/Annual-report-2021.pdf|title=Annual report |date=2021 |website= www.telecomitalia.com|access-date=2022-04-03}}</ref> Moody rated the debt with a B1 grade negative outlook in 2015.<ref>{{cite web|url=https://www.moodys.com/research/Moodys-assigns-Ba1-to-Telecom-Italias-Unsecured-Equity-Linked-Bonds--PR_321493|title=Moody's assigns Ba1 to Telecom Italia's Unsecured Equity-Linked Bonds; negative outlook|date=25 March 2015|website=Moodys.com}}</ref> As of the end of 2023, the net financial debt after lease for the TIM Group stood at €20.3 billion. Additionally, the adjusted net financial debt was €25.7 billion.<ref>{{cite web |title=TIM: the Board of Directors has examined the preliminary data at December 31, 2023 |url=https://www.gruppotim.it/en/press-archive/corporate/2024/PR-TIM-preliminary-data-2023-ENG.html |website=gruppotim.it |access-date=8 March 2024}}</ref>

===Removing high debt===
On 1 July 2024, with the finalization of the sale of the network to KKR, the debt was reduced by €22 billion. So TIM Group no longer has high debt. <ref>{{cite news |title=Telecom Italia focused on organic growth after network sale |url=https://www.reuters.com/business/media-telecom/telecom-italia-focused-organic-growth-after-network-sale-2024-06-24/ |access-date=11 July 2024 |agency=reuters.com |publisher=reuters.com |date=June 24, 2024}}</ref><ref>{{cite news |title=S&P raises Telecom Italia rating by two notches after network sale |url=https://www.reuters.com/business/media-telecom/sp-raises-telecom-italia-rating-by-two-notches-after-network-sale-2024-07-09/ |access-date=11 July 2024 |agency=reuters.com |publisher=reuters.com |date=July 9, 2024}}</ref><ref>{{cite web |title=Press Release TIM: SALE OF NETCO TO KKR COMPLETED |url=https://www.borsaitaliana.it/borsa/notizie/price-sensitive/156_142939_2024_oneinfo/detail.html?lang=it |website=borsaitaliana.it |access-date=11 July 2024}}</ref> The remaining debt is in sharp reduction.<ref>{{cite news |title=Tim punta a 0,24 euro grazie a S&P. C'è spazio per un altro +40% in borsa, ecco come |url=https://www.milanofinanza.it/news/tim-punta-a-0-24-euro-grazie-a-s-p-c-e-spazio-per-un-altro-40-in-borsa-ecco-come-202407101254537104 |access-date=11 July 2024 |agency=milanofinanza.it |publisher=milanofinanza.it |date=11 July 2024}}</ref><ref>{{cite news |title=Tim: Labriola, con taglio debito abbiamo risorse per crescere |url=https://www.ilsole24ore.com/radiocor/nRC_09.07.2024_18.43_59210592 |access-date=11 July 2024 |agency=ilsole24ore.com |publisher=ilsole24ore.com |date=9 July 2024}}</ref> Less than €7.5 billion by the end of 2024.<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>