Company Profile For Telecom Italia SpA

Telecom Italia SpA is an Italy-based company that operates in the telecommunications sector and provides its fixed and mobile telephony, Internet, media and news services through fixed and mobile telephones, personal computers, and television terminals. The Company provides: fixed and mobile telecommunication services and Internet services with the brands Telecom Italia, TIM, Alice, and Virgilio; multimedia, television and news services with the brands La7, MTV Italia, APCOM, and Yalp!; information technology products and solutions with the brand Olivetti. The Company operates abroad with the brands TIM Brasil, in Brazil, HanseNet, in Germany, and BBNed in the Netherlands. The Company divides its activities into six business units: Domestic, Brazil, European BroadBand, Media, Olivetti, and Other Activities. The Company operates through its subsidiaries mainly in Europe, the Mediterranean Basin and in South America.

BRIEF: For the nine months ended 30 September 2009, Telecom Italia SpA's total revenue decreased 6% to EUR20.37B. Net income from continuing operations decreased 3% to EUR1.72B. Total revenue reflects a decrease in demand for the Company's products and services in the Domestic and Olivetti business segments. Net income from continuing operations was partially offset by a decrease of amortization and depreciation charges.