Telecom Italia S.p.A.

News and overview for Telecom Italia S.p.A.

TI expects to invest US$1.16bn in TIM for 2009 operations, Brazil, Telecommunications, news
BNamericas | 34 days 23 hours 50 minutes ago
Telecom Italia (NYSE: TI) expects to invest 2.8bn reais (US$1.16bn) in its Brazilian operation next year, company CEO Franco Bernabe said in a conference with investors.

1 Results

Sign up for USTelecom dailyLead

Designed specifically for telecommunications executives like you, USTelecom dailyLead is a FREE daily e-mail newsletter. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition. Learn more

Company Overview

Company:	Telecom Italia S.p.A.
Industry:	Local Exchange Carriers
Website:	http://www.telecomitalia.it

Telecom Italia's wireline unit is Italy's #1 telephone operator with about 20 million fixed access lines. Broadband connections total more than 7 million and its domestic wireless business also leads with about 36 million subscribers. While Telecom Italia does most of its business domestically, Europe and Latin America are key international markets. Its wireline holdings provide broadband network services in France, Germany, and the Netherlands, as well as wholesale network access in Europe and South America. Its TIM Brasil subsidiary is a leader in the Brazilian wireless market. Telecom Italia also provides office peripherals such as ink-jet printer heads, largely for the banking industry, through Olivetti.

Key Numbers

Sales in U.S. Dollars (mil.)	46,695.398 (2007)
One-year % Growth in Sales	10.9 (2007)
Net Income in U.S. Dollars (mil.)	3,616 (2007)
One-year % Growth in Net Income	47.1 (2007)
Number of Employees	83,429 (2007)
One-year % Growth in Number of Employees	0.3 (2007)
Fiscal Year-End	December