Telecom Italia is a private group Italy N of Télécommunication S which inherited the network of fixed telephony of the former public operator of the same name. Telecom Italia was born from the fusion in July 1999 of this last with the company Olivetti. This operation, launched by the managing director of Olivetti at the time, Roberto Colaninno marked the Italian world of finance and the businesses. It is indeed a dared tender offer which made it possible the latter to take the control of a group much more important, tender offer which also saw concretizing the privatization of Telecom Italia Spa and simultaneously the conversion of Olivetti of its traditional trades in the materials and data processing departments towards telecommunications.
According to dissatisfied customers, Telecom Italia, resulting from a nationalized large company, holds a chump end Monopole in Italy and, in spite of “modernizations” like the suppression of its agencies, and the reduction of its personnel, functions like before, resting on the very particular spirit of the Italian Bureaucratie.
History
Telecom Italia was born formally in 1994, by an act of the June 30th of the Board of directors of the public group IRI approving the “Plan of Restructuration of telecommunications” within the framework of the provisions adopted by the law of the January 29th 1992.This Restructuration envisaged the fusion of the five companies of the group IRI - operative STET in the sector of telephony: Società Idroelettrica Piemontese (SIP), IRITEL, Italcable, Telespazio and SIRM. From this fusion was born Telecom Italia .
The company was privatisée in 1999 by the transfer of 97% of the capital at the company Olivetti of Roberto Colaninno.
Since July 2001, the latter became property of the company Olimpia, cofiliale with 50/50 of Pirelli and Benetton.
Subsidiary companies
- Telecom Italia Mobile (TIM)
- Telecom Italia Media
- Telecom Italia France (subsidiary Frenchwoman)
External bond
- Official site (in Italian)
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