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Telecom Italia SPA
(TITR)
Telecom Italia SPA (TITR) vs. iShares MSCI Italy ETF (EWI)
Telecom Italia SPA Business Overview & Revenue Model
Telecom Italia SPA Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.79B | 14.44B | 14.31B | 15.79B | 15.32B | 15.80B |
| Gross Profit | 4.88B | 6.73B | 7.23B | 9.13B | 9.25B | 10.13B |
| EBITDA | 3.55B | 4.80B | 4.81B | 5.51B | 1.16B | 7.25B |
| Net Income | -210.00M | -610.00M | -1.44B | -2.92B | -8.65B | 7.22B |
Balance Sheet | ||||||
| Total Assets | 36.69B | 37.66B | 62.16B | 62.03B | 69.19B | 73.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.77B | 4.57B | 4.97B | 5.00B | 9.15B | 5.92B |
| Total Debt | 14.64B | 15.54B | 31.91B | 31.19B | 32.10B | 29.95B |
| Total Liabilities | 23.39B | 24.30B | 44.65B | 43.30B | 47.15B | 44.39B |
| Stockholders Equity | 11.94B | 11.96B | 13.65B | 15.06B | 17.41B | 26.21B |
Cash Flow | ||||||
| Free Cash Flow | -109.00M | 402.00M | -25.00M | -1.41B | 323.00M | 1.85B |
| Operating Cash Flow | 2.42B | 3.25B | 3.94B | 4.89B | 4.34B | 6.55B |
| Investing Cash Flow | -1.15B | 5.36B | -4.15B | -5.33B | -5.12B | -3.08B |
| Financing Cash Flow | -1.41B | -7.25B | -456.00M | -2.87B | 3.16B | -2.01B |
Telecom Italia SPA Technical Analysis
Telecom Italia SPA Peers Comparison
Telecom Italia SPA Corporate Events
Telecom Italia’s shareholders have approved the optional and mandatory conversion of the company’s savings shares into ordinary shares, with the resolutions passed by both the extraordinary meeting of ordinary shareholders and the special meeting of savings shareholders now registered with the Milan Companies’ Register. As a result, savings shareholders who did not vote in favour of the mandatory conversion may exercise their right of withdrawal between 29 January and 13 February 2026, at a liquidation value of €0.5117 per savings share, provided they meet strict holding and ownership continuity requirements and follow a formal notification process via registered mail or certified email, supported by intermediary certification on share ownership and the absence (or consented release) of any encumbrances; the move is a further step in simplifying TIM’s capital structure and may affect the composition of its shareholder base and liquidity profile.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.69 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM has disclosed the outcome of its proxy solicitation for the 28 January 2026 Ordinary and Extraordinary Shareholders’ Meeting, indicating that proxies representing just over 1% of its share capital were validly collected and used to vote on key governance and capital-structure items. Based on these instructions, shareholders largely backed the confirmation of Alessandra Perrazzelli and Lorenzo Cavalaglio as directors, a voluntary reduction of the company’s share capital to €6 billion with reallocation to legal and distributable reserves, and the conversion of savings shares into ordinary shares with a cash adjustment, moves that streamline the company’s equity structure and may enhance governance flexibility and share liquidity for investors.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.69 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM’s shareholders have approved the conversion of the company’s savings shares into ordinary shares and a voluntary reduction of share capital, in a move aimed at simplifying the capital structure and reallocating equity into legal and available reserves. At meetings representing more than half of both overall and savings share capital, investors backed a one‑for‑one conversion of savings into ordinary shares with small cash adjustments, the appointment of two previously co‑opted directors to serve until the 2026 financial statements, and a cut in nominal share capital to €6 billion, subject to conditions on the cost of redeeming dissenting savings shareholders and the absence (or court clearance) of creditor opposition; the package is expected to streamline governance and potentially enhance liquidity for shareholders while concentrating equity resources on reserves rather than paid‑in capital.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.69 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM S.p.A. has launched a formal solicitation of proxies for its ordinary shareholders ahead of a shareholders’ meeting to be held on 28 January 2026 in Milan, aiming to facilitate informed voting and broader participation through a designated representative structure managed operationally by Sodali & Co. On the agenda are the appointment of two directors to replace recently resigned board members, a substantial voluntary reduction of share capital to €6 billion with the freed amount allocated to legal and other equity reserves, and a two-step process to convert savings shares into ordinary shares with a cash adjustment, measures that together point to a broader simplification of the capital structure and potential strengthening of the company’s governance and financial flexibility.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.58 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
Telecom Italia has announced that the explanatory reports for the items on the agendas of its upcoming ordinary shareholders’ meeting and special meeting of savings shareholders, both scheduled for 28 January, have been made available at the company’s registered office, on its website and via the authorized storage mechanism 1INFO. The company has also published proxy voting forms on its website, facilitating shareholder participation and signaling a continued focus on transparency and compliance with Italian market regulations ahead of the meetings’ deliberations.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.58 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM has convened an Ordinary and Extraordinary Shareholders’ Meeting for 28 January 2026 in Milan to resolve on key governance and capital-structure matters, including the ratification and appointment of two directors following recent resignations. The agenda also includes a voluntary reduction of share capital to €6 billion with the amount reallocated to legal and available equity reserves, and a broad simplification of the share structure via the conversion of savings shares into ordinary shares with a cash adjustment for holders, moves that are likely to streamline the company’s equity base and potentially improve share liquidity and corporate flexibility. The meeting will be held exclusively via a designated representative with advance electronic or mail voting, and shareholders are given detailed procedures and deadlines to submit agenda additions, individual resolution proposals and questions, underscoring an effort to maintain formal shareholder engagement within a highly structured governance framework.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.58 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM S.p.A. has convened a shareholders’ meeting of holders of ordinary shares for 28 January 2026 in Milan to vote on board changes, a substantial share capital reduction and a sweeping simplification of its share structure. On the agenda are the appointment of two directors following recent resignations, a voluntary reduction of share capital to €6 billion with the freed-up amount reallocated to the legal reserve and an available equity reserve, and the conversion of savings shares into ordinary shares, including both an optional conversion with a cash adjustment for savings shareholders and a mandatory conversion for any remaining savings shares, also with cash adjustment. The moves, which entail amendments to several by-laws, are aimed at strengthening TIM’s capital structure, streamlining its equity profile and potentially improving governance and market liquidity, with voting to be exercised exclusively via a designated proxy representative under Italian securities law.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.58 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM’s board has called shareholders’ ordinary, extraordinary and special meetings for 28 January to vote on a sweeping capital reorganisation that includes the optional and subsequent mandatory conversion of savings shares into ordinary shares, alongside a voluntary reduction of share capital to €6 billion. Holders of savings shares are being offered one ordinary share plus a cash adjustment per savings share, with differing premiums for optional and mandatory conversion, in a move designed to simplify TIM’s capital structure, cut governance and listing costs associated with multiple share classes, and increase the liquidity and free float of ordinary shares. The planned capital reduction, which will create legal and freely distributable reserves, aims to rebalance an equity structure currently dominated by share capital, reflect the reduced scale of the business after the FiberCop sale, and provide resources to fund the conversion-related cash outlays, while withdrawal rights and related conditions for dissenting savings shareholders could influence the final cost and execution of the transaction.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.58 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM has secured a definitive legal victory in a long-running dispute over a 1998 concession fee, after Italy’s Court of Cassation rejected an appeal by the Prime Minister’s Office and upheld an earlier ruling by the Rome Court of Appeal. The decision confirms that TIM is entitled to a refund of slightly more than €1 billion, comprising the original fee of just over €500 million plus revaluation and accrued interest, closing a case that has dragged on for more than two decades and potentially strengthening the company’s financial position.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.58 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM’s Board of Directors has approved the corporate events calendar for 2026, outlining key dates for financial disclosures and meetings. This schedule is crucial for stakeholders to track the company’s financial performance and strategic updates throughout the year, ensuring transparency and timely communication with the financial community.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.55 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
TIM announced the resignation of Independent Director Umberto Paolucci from the Board of Directors and related committees, effective January 1, 2026, due to professional reasons. This change in leadership may impact the company’s governance structure, but TIM expressed gratitude for Paolucci’s contributions and wished him success in future endeavors.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.55 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.
Telecom Italia SPA’s financial performance for the first nine months of 2025 shows a positive trajectory with a 2.3% increase in group revenues to €10 billion and a 5.3% rise in EBITDA after lease to €2.7 billion. The company has confirmed its guidance for the year, highlighting its strategic initiatives such as the MVNO contract with Poste Italiane and the launch of TIM Energia services, which are expected to bolster its market position. TIM Brasil continues to perform strongly, marking its tenth consecutive quarter of margin growth, driven by mobile segment expansion and cost efficiency measures.
The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.55 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.