Trade Telecom Italia SPA - TIT CFD

Telecom Italia Company profile

About Telecom Italia SpA

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment. Its segments include Consumer, Business, National Wholesale and Other. It is engaged in developing various projects in areas, including Smart Green, Social Reading, Solutions for good schooling, Digital tourism 2.0, Smart Home, FriendTV and Big Data. Smart Green is the assessment of projects connected with the environment and potential partnerships with the local government offices for the monitoring of air in public offices and urban areas, using networks of sensors connected to the Company's Cloud. The Company is involved, either alone or in partnership with external partners, in devising and developing healthcare services at national, regional and local level.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Telecom Italia SpA revenues decreased 3% to EUR15.32B. Net loss totaled EUR8.65B vs. income of EUR7.22B. Revenues reflect Domestic segment decrease of 3% to EUR12.48B, Brasil segment decrease of 3% to EUR2.84B, Italy segment decrease of 4% to EUR12.19B, Rest of the World segment decrease of 1% to EUR3.13B. Net loss reflects Impairment of Fixed Assets increase from EUR8M to EUR4.12B (expense).