Editing TIM Group (section)

===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>