Financial and operating data
Index
click on the links below
P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD Contacts
Reported & Organic Figures by quarter TELECOM ITALIA INVESTOR RELATIONS
Domestic Business Results Piazza degli Affari 2 - 20123 Milan - Italy
Domestic Wireline Results Phone +39 02 8595 4131
Domestic Mobile Results Fax +39 02 8595 4132
TIM Brasil Results investor_relations@telecomitalia.it
European BroadBand
Historic Quarter Proforma Website link:
Main Group Subsidiaries Telecom Italia Group
Analyst Tools Telecom Italia Investor Relations
P&L Group YTD- Reported figures
(€ mln) 1Q06 1H06 9M06 FY06 1Q07 1H07 9M07
REVENUES 7,482 15,335 23,104 31,275 7,540 15,470 23,207
Other Operating Income 111 311 396 606 73 165 251
TOTAL REVENUES & OTHER INCOME 7,593 15,646 23,500 31,881 7,613 15,635 23,458
Total Purchases of materials and external services (3,090) (6,769) (10,258) (14,191) (3,239) (6,886) (10,336)
Personel (1,018) (1,992) (2,855) (3,801) (1,013) (1,925) (2,826)
Other operating costs (314) (666) (1,002) (1,543) (377) (832) (1,331)
Capitalized Cost and Others 124 299 401 504 170 302 468
EBITDA 3,295 6,518 9,786 12,850 3,154 6,294 9,433
EBITDA Margin 44.0% 42.5% 42.4% 41.1% 41.8% 40.7% 40.6%
Depreciation & Amortization (1,428) (2,843) (4,278) (5,487) (1,400) (2,853) (4,301)
Writedowns and revaluations of non current assets (1) (26) (1) (21) 0 0 0
Gains/losses of non current assets realization 118 152 144 95 9 8 6
EBIT 1,984 3,801 5,621 7,437 1,763 3,449 5,138
EBIT Margin 26.5% 24.8% 24.3% 23.8% 23.4% 22.3% 22.1%
Income (loss) equity invest. Valued equity method 12 25 33 51 29 58 75
Net Financial Income / (Expenses) (579) (1,094) (1,493) (1,973) (456) (983) (1,447)
Income before Taxes & Disc.ops. 1,417 2,732 4,161 5,515 1,336 2,524 3,766
% on Revenues 18.9% 17.8% 18.0% 17.6% 17.7% 16.3% 16.2%
Taxes (656) (1,305) (1,856) (2,519) (561) (1,018) (1,554)
Tax Rate 46.3% 47.8% 44.6% 45.7% 42.0% 40.3% 41.3%
Income before Disc.ops. 761 1,427 2,305 2,996 775 1,506 2,212
Net Income (loss) of assets disposed 11 46 46 7 0 (4) (4)
Net Income (ante Minorities) 772 1,473 2,351 3,003 775 1,502 2,208
% on Revenues 10.3% 9.6% 10.2% 9.6% 10.3% 9.7% 9.5%
Minorities (28) 23 25 11 0 (2) 12
Net Income (post Minorities) 744 1,496 2,376 3,014 775 1,500 2,220
% on Revenues 9.9% 9.8% 10.3% 9.6% 10.3% 9.7% 9.6%
Exceptional items on EBITDA (aka "other non organic items")* 41 100 119 232 37 138 156
EBITDA b/excep. 3,336 6,618 9,905 13,082 3,191 6,432 9,589
EBITDA Margin 44.6% 43.2% 42.9% 41.8% 42.3% 41.6% 41.3%
Exceptional items on EBIT (aka "other non organic items")* (71) (26) 2 127 27 126 142
EBIT b/excep. 1,913 3,775 5,623 7,564 1,790 3,575 5,280
EBIT Margin 25.6% 24.6% 24.3% 24.2% 23.7% 23.1% 22.8%
* Positive exceptional items = costs
Negative exceptional items=income
Index
click on the links below
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Reported & Organic Figures by quarter
Domestic Business Results
Domestic Wireline Results
Domestic Mobile Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
P&L Group by quarter - Reported figures
(€ mln) 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07
REVENUES 7,482 7,853 7,769 8,171 7,540 7,930 7,737
Other Operating Income 111 200 85 210 73 92 86
TOTAL REVENUES & OTHER INCOME 7,593 8,053 7,854 8,381 7,613 8,022 7,823
Total Purchases of materials and external services (3,090) (3,679) (3,489) (3,933) (3,239) (3,647) (3,450)
Personel (1,018) (974) (863) (946) (1,013) (912) (901)
Other operating costs (314) (352) (336) (541) (377) (455) (499)
Capitalized Cost and Others 124 175 102 103 170 132 166
EBITDA 3,295 3,223 3,268 3,064 3,154 3,140 3,139
EBITDA Margin 44.0% 41.0% 42.1% 37.5% 41.8% 39.6% 40.6%
Depreciation & Amortization (1,428) (1,415) (1,435) (1,209) (1,400) (1,453) (1,448)
Writedowns and revaluations of non current assets (1) (25) 0 (20) 0 0 0
Gains / losses of non current assets realization 118 34 (13) 19 9 (1) (2)
EBIT 1,984 1,817 1,820 1,816 1,763 1,686 1,689
EBIT Margin 26.5% 23.1% 23.4% 22.2% 23.4% 21.3% 21.8%
Income (loss) equity invest. Valued equity method 12 13 8 18 29 29 17
Net Financial Income / (Expenses) (579) (515) (399) (480) (456) (527) (464)
Income before Taxes & Disc.ops. 1,417 1,315 1,429 1,354 1,336 1,188 1,242
% on Revenues 18.9% 16.7% 18.4% 16.6% 17.7% 15.0% 16.1%
Taxes (656) (649) (551) (663) (561) (457) (536)
Tax Rate 46.3% 49.4% 38.6% 49.0% 42.0% 38.5% 43.2%
Income before Disc.ops. 761 666 878 691 775 731 706
Net Income (loss) of assets disposed 11 35 - (39) - (4) -
Net Income (ante Minorities) 772 701 878 652 775 727 706
% on Revenues 10.3% 8.9% 11.3% 8.0% 10.3% 9.2% 9.1%
Minorities (28) 51 2 (14) - (2) 14
Net Income (post Minorities) 744 752 880 638 775 725 720
% on Revenues 9.9% 9.6% 11.3% 7.8% 10.3% 9.1% 9.3%
Exceptional items on EBITDA (aka "other non organic items")* 41 59 19 113 37 101 18
EBITDA b/excep. 3,336 3,282 3,287 3,177 3,191 3,241 3,157
EBITDA Margin 44.6% 41.8% 42.3% 38.9% 42.3% 40.9% 40.8%
Exceptional items on EBIT (aka "other non organic items")* (71) 45 28 125 27 99 16
EBIT b/excep. 1,913 1,862 1,848 1,941 1,790 1,785 1,705
EBIT Margin 25.6% 23.7% 23.8% 23.8% 23.7% 22.5% 22.0%
* Positive exceptional items = costs
Negative exceptional items=income
Index
click on the links below
P&L Group YTD
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Reported & Organic Figures by quarter
Domestic Business Results
Domestic Wireline Results
Domestic Mobile Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
Key financial data by Business Unit(1) YTD Reported Figures Index
REVENUES (€ mln) 1Q06 1H06 9M06 FY06 1Q07 1H07 9M07 click on the links below
Domestic 6,297 12,877 19,223 25,785 6,009 12,182 18,108 P&L Group YTD
o/w Wireline Domestic 4,286 8,599 12,707 16,988 3,989 7,983 11,748 P&L Group by quarter
o/w Mobile Domestic 2,370 4,982 7,565 10,210 2,365 4,916 7,429 Key Financial data by BU by quarter
Corporate, Elim. and Adj. -359 -704 -1,049 -1,413 -345 -717 -1,069 Reported & Organic Figures YTD
European BroadBand 204 427 662 915 304 695 1,106 Reported & Organic Figures by quarter
TIM Brasil 837 1,722 2,792 3,964 1,100 2,322 3,603 Domestic Business Results
TI Media 44 98 136 207 58 125 178 Domestic Wireline Results
Olivetti 94 212 298 440 83 192 283 Domestic Mobile Results
TI Group 7,482 15,335 23,104 31,275 7,540 15,470 23,207 TIM Brasil Results
European BroadBand
EBITDA (€ mln) Historic Quarter Proforma
Domestic 3,148 6,210 9,220 11,893 2,853 5,619 8,440 Main Group Subsidiaries
European BroadBand 2 14 40 81 30 88 161 Analyst Tools
TIM Brasil 181 354 604 950 269 585 824 Cover
TI Media -28 -52 -71 -83 -11 -21 -38
Olivetti -12 -26 -36 -33 -10 -17 -21
TI Group 3,295 6,518 9,786 12,850 3,154 6,294 9,433
EBITDA Margin
Domestic 50.0% 48.2% 48.0% 46.1% 47.5% 46.1% 46.6%
European BroadBand 1.0% 3.3% 6.0% 8.9% 9.9% 12.7% 14.6%
TIM Brasil 21.6% 20.6% 21.6% 24.0% 24.5% 25.2% 22.9%
TI Media -63.6% -53.1% -52.2% -40.1% -19.0% -16.8% -21.3%
Olivetti -12.8% -12.3% -12.1% -7.5% -12.0% -8.9% -7.4%
TI Group 44.0% 42.5% 42.4% 41.1% 41.8% 40.7% 40.6%
Exceptional items (aka "other non organic items")* 41 100 119 232 37 138 156
EBITDA before exceptional
Domestic 3,178 6,289 9,315 12,088 2,889 5,753 8,590
European BroadBand 2 14 40 81 30 90 165
TIM Brasil 190 363 608 954 269 585 824
TI Media -27 -48 -66 -77 -10 -20 -37
Olivetti -11 -19 -26 -12 -10 -17 -20
TI Group 3,336 6,618 9,905 13,082 3,191 6,432 9,589
EBITDA Margin before exceptional
Domestic 50.5% 48.8% 48.5% 46.9% 48.1% 47.2% 47.4%
European BroadBand 1.0% 3.3% 6.0% 8.9% 9.9% 12.9% 14.9%
TIM Brasil 22.7% 21.1% 21.8% 24.1% 24.5% 25.2% 22.9%
TI Media -61.4% -49.0% -48.5% -37.2% -17.2% -16.0% -20.8%
Olivetti -11.7% -9.0% -8.7% -2.7% -12.0% -8.9% -7.1%
TI Group 44.6% 43.2% 42.9% 41.8% 42.3% 41.6% 41.3%
(1) Following the new organizational structure, introduced on January 2007, TI Group has adopted a new disclosure by business segment (Domestic, European BB, Brazilian Mobile,
Media, Olivetti and Other)
Click here to find the reconciliation between the old e new disclosure by business for 2006 annual and interim results.
* Positive exceptional items = costs
Negative exceptional items=income
Key financial data by Business Unit(1) YTD Reported Figures Index
EBIT (€ mln) 1Q06 1H06 9M06 FY06 1Q07 1H07 9M07
Domestic 2,081 4,037 5,883 7,676 1,790 3,456 5,184
European BroadBand -38 -78 -106 -125 -31 -52 -59
TIM Brasil -36 -78 -47 21 16 69 44
TI Media -41 -79 -111 -137 -26 -52 -84
Olivetti -17 -35 -49 -50 -14 -24 -32
TI Group 1,984 3,801 5,621 7,437 1,763 3,449 5,138
EBIT Margin
Domestic 33.0% 31.4% 30.6% 29.8% 29.8% 28.4% 28.6%
European BroadBand -18.6% -18.3% -16.0% -13.7% -10.2% -7.5% -5.3%
TIM Brasil -4.3% -4.5% -1.7% 0.5% 1.5% 3.0% 1.2%
TI Media -93.2% -80.6% -81.6% -66.2% -44.8% -41.6% -47.2%
Olivetti -18.1% -16.5% -16.4% -11.4% -16.9% -12.5% -11.3%
TI Group 26.5% 24.8% 24.3% 23.8% 23.4% 22.3% 22.1%
Exceptional items (aka "other non organic items")* (71) (26) 2 127 27 126 142
EBIT before exceptional
Domestic 2,026 3,993 5,863 7,761 1,816 3,580 5,323
European BroadBand -38 -78 -106 -125 -31 -50 -55
TIM Brasil -27 -69 -43 25 16 69 44
TI Media -40 -74 -106 -132 -25 -51 -83
Olivetti -16 -28 -40 -31 -14 -25 -32
TI Group 1,913 3,775 5,623 7,564 1,790 3,575 5,280
EBIT Margin before exceptional
Domestic 32.2% 31.0% 30.5% 30.1% 30.2% 29.4% 29.4%
European BroadBand -18.6% -18.3% -16.0% -13.7% -10.2% -7.2% -5.0%
TIM Brasil -3.2% -4.0% -1.5% 0.6% 1.5% 3.0% 1.2%
TI Media -90.9% -75.5% -77.9% -63.8% -43.1% -40.8% -46.6%
Olivetti -17.0% -13.2% -13.4% -7.0% -16.9% -13.0% -11.3%
TI Group 25.6% 24.6% 24.3% 24.2% 23.7% 23.1% 22.8%
CAPEX (€ mln)
Domestic 850 1,793 2,615 3894 867 1,895 2,817
European BroadBand 95 228 344 467 142 252 363
TIM Brasil 63 193 329 699 116 271 442
TI Media 45 59 65 85 30 46 54
Olivetti 2 5 6 10 2 5 7
TI Group 1,025 2,216 3,299 5,114 1,160 2,474 3,688
CAPEX ON SALES (%)
Domestic 13.5% 1.8% 1.8% 15.1% 14.4% 15.6% 15.6%
European BroadBand 46.6% 45.2% 49.7% 51.0% 46.7% 36.3% 32.8%
TIM Brasil 7.5% 3.4% 2.3% 17.6% 10.5% 11.7% 12.3%
TI Media 102.3% 5.1% 4.4% 41.1% 51.7% 36.8% 30.3%
Olivetti 2.1% -29.2% -20.1% 2.3% 2.4% 2.6% 2.5%
TI Group 13.7% 14.5% 14.3% 16.4% 15.4% 16.0% 15.9%
(1) Following the new organizational structure, introduced on January 2007, TI Group has adopted a new disclosure by business segment (Domestic, European BB, Brazilian Mobile,
Media, Olivetti and Other)
Click here to find the reconciliation between the old e new disclosure by business for 2006 annual and interim results.
* Positive exceptional items = costs
Negative exceptional items=income
Key financial data by Business Unit(1) by quarter Reported Figures Index
REVENUES (€ mln) 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 click on the links below
Domestic 6,297 6,580 6,346 6,562 6,009 6,173 5,926 P&L Group YTD
o/w Wireline Domestic 4,286 4,313 4,108 4,281 3,989 3,994 3,765 P&L Group by quarter
o/w Mobile Domestic 2,370 2,612 2,583 2,645 2,365 2,551 2,513 Key Financial data by BU YTD
Corporate, Elim. and Adj. -359 -345 -345 -364 -345 -372 -352 Reported & Organic Figures YTD
European BroadBand 204 223 235 253 304 391 411 Reported & Organic Figures by quarter
TIM Brasil 837 885 1,070 1,172 1,100 1,222 1,281 Domestic Business Results
TI Media 44 54 38 71 58 67 53 Domestic Wireline Results
Olivetti 94 118 86 142 83 109 91 Domestic Mobile Results
TI Group 7,482 7,853 7,769 8,171 7,540 7,930 7,737 TIM Brasil Results
European BroadBand
EBITDA (€ mln) Historic Quarter Proforma
Domestic 3,148 3,062 3,010 2,673 2,853 2,766 2,821 Main Group Subsidiaries
European BroadBand 2 12 26 41 30 58 73 Analyst Tools
TIM Brasil 181 173 250 346 269 316 239 Cover
TI Media -28 -24 -19 -12 -11 -10 -17
Olivetti -12 -14 -10 3 -10 -7 -4
TI Group 3,295 3,223 3,268 3,064 3,154 3,140 3,139
EBITDA Margin
Domestic 50.0% 46.5% 47.4% 40.7% 47.5% 44.8% 47.6%
European BroadBand 1.0% 5.4% 11.1% 16.2% 9.9% 14.8% 17.8%
TIM Brasil 21.6% 19.5% 23.4% 29.5% 24.5% 25.9% 18.7%
TI Media -63.6% -44.4% -50.0% -16.9% -19.0% -14.9% -32.1%
Olivetti -12.8% -11.9% -11.6% 2.1% -12.0% -6.4% -4.4%
TI Group 44.0% 41.0% 42.1% 37.5% 41.8% 39.6% 40.6%
Exceptional items (aka "other non organic items")* 41 59 19 113 37 101 18
EBITDA before exceptional
Domestic 3,178 3,111 3,026 2,773 2,889 2,864 2,837
European BroadBand 2 12 26 41 30 60 75
TIM Brasil 190 173 245 346 269 316 239
TI Media -27 -21 -18 -11 -10 -10 -17
Olivetti -11 -8 -7 14 -10 -7 -3
TI Group 3,336 3,282 3,287 3,177 3,191 3,241 3,157
EBITDA Margin before exceptional
Domestic 50.5% 47.3% 47.7% 42.3% 48.1% 46.4% 47.9%
European BroadBand 1.0% 5.4% 11.1% 16.2% 9.9% 15.3% 18.2%
TIM Brasil 22.7% 19.5% 22.9% 29.5% 24.5% 25.9% 18.7%
TI Media -61.4% -38.9% -47.4% -15.5% -17.2% -14.9% -32.1%
Olivetti -11.7% -6.8% -8.1% 9.9% -12.0% -6.4% -3.3%
TI Group 44.6% 41.8% 42.3% 38.9% 42.3% 40.9% 40.8%
(1) Following the new organizational structure, introduced on January 2007, TI Group has adopted a new disclosure by business segment (Domestic, European BB, Brazilian Mobile,
Media, Olivetti and Other)
Click here to find the reconciliation between the old e new disclosure by business for 2006 annual and interim results.
* Positive exceptional items = costs
Negative exceptional items=income
Key financial data by Business Unit(1) by quarter Reported Figures Index
EBIT (€ mln) 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07
Domestic 2,081 1,956 1,846 1,793 1,790 1,666 1,728
European BroadBand -38 -40 -28 -19 -31 -21 -7
TIM Brasil -36 -42 31 68 16 53 -25
TI Media -41 -38 -32 -26 -26 -26 -32
Olivetti -17 -18 -14 -1 -14 -10 -8
TI Group 1,984 1,817 1,820 1,816 1,763 1,686 1,689
EBIT Margin
Domestic 33.0% 29.7% 29.1% 27.3% 29.8% 27.0% 29.2%
European BroadBand -18.6% -17.9% -11.9% -7.5% -10.2% -5.4% -1.7%
TIM Brasil -4.3% -4.7% 2.9% 5.8% 1.5% 4.3% -2.0%
TI Media -93.2% -70.4% -84.2% -36.6% -44.8% -38.8% -60.4%
Olivetti -18.1% -15.3% -16.3% -0.7% -16.9% -9.2% -8.8%
TI Group 26.5% 23.1% 23.4% 22.2% 23.4% 21.3% 21.8%
Exceptional items (aka "other non organic items")* (71) 45 28 125 27 99 16
EBIT before exceptional
Domestic 2,026 1,967 1,870 1,898 1,816 1,764 1,743
European BroadBand -38 -40 -28 -19 -31 -19 -5
TIM Brasil -27 -42 26 68 16 53 -25
TI Media -40 -34 -32 -26 -25 -26 -32
Olivetti -16 -12 -12 9 -14 -11 -7
TI Group 1,913 1,862 1,848 1,941 1,790 1,785 1,705
EBIT Margin before exceptional
Domestic 32.2% 29.9% 29.5% 28.9% 30.2% 28.6% 29.4%
European BroadBand -18.6% -17.9% -11.9% -7.5% -10.2% -4.9% -1.2%
TIM Brasil -3.2% -4.7% 2.4% 5.8% 1.5% 4.3% -2.0%
TI Media -90.9% -63.0% -84.2% -36.6% -43.1% -38.8% -60.4%
Olivetti -17.0% -10.2% -14.0% 6.3% -16.9% -10.1% -7.7%
TI Group 25.6% 23.7% 23.8% 23.8% 23.7% 22.5% 22.0%
CAPEX (€ mln)
Domestic 850 943 822 1,279 867 1,028 922
European BroadBand 95 133 116 123 142 110 111
TIM Brasil 63 130 136 370 116 155 171
TI Media 45 14 6 20 30 16 8
Olivetti 2 3 1 4 2 3 2
TI Group 1,025 1,191 1,083 1,815 1,160 1,314 1,214
CAPEX ON SALES (%)
Domestic 13.5% 14.3% 13.0% 19.5% 14.4% 16.7% 15.6%
European BroadBand 46.6% 59.6% 49.4% 48.6% 46.7% 28.1% 27.0%
TIM Brasil 7.5% 14.7% 12.7% 31.6% 10.5% 12.7% 13.3%
TI Media 102.3% 25.9% 15.8% 28.2% 51.7% 23.9% 15.1%
Olivetti 2.1% 2.5% 1.2% 2.8% 2.4% 2.8% 2.2%
TI Group 13.7% 15.2% 13.9% 22.2% 15.4% 16.6% 15.7%
(1) Following the new organizational structure, introduced on January 2007, TI Group has adopted a new disclosure by business segment (Domestic, European BB, Brazilian Mobile,
Media, Olivetti and Other)
Click here to find the reconciliation between the old e new disclosure by business for 2006 annual and interim results.
* Positive exceptional items = costs
Negative exceptional items=income
Reported & Organic Figures: yoy trends
1Q07 D% yoy D% yoy D% yoy net
1Q06 rep. org. of NNG
Organic Figures Organic Figures net Other non organic Organic Figures
Reporeted Figures (a) Non Organic elements (b) NNG (d) Reported figures (f) (f/a-1) (h/c-1) (h/e-1)
(c=a+b) of NNG1 (e=c-d) items(2) (g) (h=f+g)
€ mln Change in Exchange rate Other non
REVENUES consolid. area impact organic items
(2) REVENUES
Domestic 6,297 (3) (5) 6,289 119 6,170 Domestic 6,009 6,009 -4.6% -4.5% -2.6%
o/w Wireline Domestic 4,286 (3) (5) 4,278 119 4,159 o/w Wireline Domestic 3,989 3,989 -6.9% -6.8% -4.1%
o/w Mobile Domestic 2,370 2,370 o/w Mobile Domestic 2,365 2,365 -0.2% -0.2%
European BroadBand 204 38 242 European BroadBand 304 304 49.0% 25.6%
TIM Brasil 837 (50) 787 TIM Brasil 1,100 1,100 31.4% 37.4%
TI Media 44 44 TI Media 58 58 31.8% 31.8%
Olivetti 94 (1) 93 Olivetti 83 83 -11.7% -10.8%
Other Activities 64 (5) 59 Other Activities 60 60 -6.3% 1.7%
Eliminations (58) 1 -57 Eliminations (74) -74
TI Group 7,482 36 (61) 7,457 119 7,338 TI Group 7,540 7,540 0.8% 1.1% 2.8%
EBITDA EBITDA
Domestic 3,148 (5) (1) 30 3,172 Domestic 2,853 36 2,889 -9.4% -8.9%
European BroadBand 2 6 8 European BroadBand 30 30 275.0%
TIM Brasil 181 (12) 9 178 TIM Brasil 269 269 48.6% 48.7%
TI Media (28) 1 (27) TI Media (11) 1 (10) 60.7% 63.0%
Olivetti (12) (1) 1 (12) Olivetti (10) (10) 16.7% 16.7%
Other Activities 10 (2) 8 Other Activities 23 23 130.0% 187.5%
Eliminations & others (6) (6) Eliminations & others 0 0
TI Group 3,295 1 (16) 41 3,321 TI Group 3,154 37 3,191 -4.3% -3.9%
EBITDA Margin EBITDA Margin
Domestic 50.0% 50.4% Domestic 47.5% 48.1% -2.5pp -2.4pp
European BroadBand 1.0% 3.3% European BroadBand 9.9% 9.9% 8.9pp 6.6pp
TIM Brasil 21.6% 22.6% TIM Brasil 24.5% 24.5% 2.8pp 1.8pp
TI Media -63.6% -61.4% TI Media -19.0% -17.2% 44.7pp 44.1pp
Olivetti -12.8% -12.9% Olivetti -12.0% -12.0% 0.7pp 0.9pp
TI Group 44.0% 44.5% TI Group 41.8% 42.3% -2.2pp -2.2pp
EBIT EBIT
Domestic 2,081 (5) (55) 2,021 Domestic 1,790 26 1,816 -14.0% -10.1%
European BroadBand (38) 6 (32) European BroadBand (31) (31) 18.4% -3.1%
TIM Brasil (36) (1) 9 (28) TIM Brasil 16 16 144.4% 157.1%
TI Media (41) 1 (40) TI Media (26) 1 (25) 36.6% 37.5%
Olivetti (17) (1) 1 (17) Olivetti (14) (14) 17.6% 17.6%
Other Activities 28 (2) (29) (3) Other Activities 15 15 -46.4% n.m.
Eliminations 7 2 9 Eliminations 13 13 85.7%
TI Group 1,984 1 (4) (71) 1,910 TI Group 1,763 27 1,790 -11.1% -6.3%
EBIT Margin EBIT Margin
Domestic 33.0% 32.1% Domestic 29.8% 30.2% -3.3pp -1.9pp
European BroadBand -18.6% -13.2% European BroadBand -10.2% -10.2% 8.4pp 3.0pp
TIM Brasil -4.3% -3.6% TIM Brasil 1.5% 1.5% 5.8pp 5.0pp
TI Media -93.2% -90.9% TI Media -44.8% -43.1% 48.4pp 47.8pp
Olivetti -18.1% -18.3% Olivetti -16.9% -16.9% 1.2pp 1.4pp
TI Group 26.5% 25.6% TI Group 23.4% 23.7% -3.1pp -1.9pp
(1) In accordance with Agcom deliberation 417/06/CONS, starting January 1st 2007, Telecom Italia invoices services rendered by OLO on NNG while does not assume credit risks. These services, since January 1st are not longer recorded as revenues and costs
(2) Other non Organic items on EBITDA 1Q06 1Q07 (2) Other non Organic items on EBIT 1Q06 1Q07
Restrucuring Costs 25 37 Restrucuring Costs 25 37
Brazil reorganization 9 Brazil reorganization 9
Magnum Project (85)
Other Real estate (27) (10)
Others 7 Others 7
Total 41 37 Total (71) 27
Reported & Organic Figures: yoy trends
D% yoy net of
1H06
1H07 D% yoy rep. D% yoy org.
NNG
Organic Figures Organic Figures net Other non organic Organic Figuers
Reporeted Figures (a) Non Organic elements (b) NNG (d) Reported figures (f) (f/a-1) (h/c-1) (h/e-1)
(c=a+b) of NNG1 (e=c-d) items(2) (g) (h=f+g)
€ mln Change in Exchange rate Other non
REVENUES consolid. area impact organic items (2) REVENUES
Domestic 12,877 (6) (10) 12,861 230 12,631 Domestic 12,182 12,182 -5.4% -5.3% -3.6%
o/w Wireline Domestic 8,599 (6) (10) 8,583 230 8,353 o/w Wireline Domestic 7,983 7,983 -7.2% -7.0% -4.4%
o/w Mobile Domestic 4,982 4,982 o/w Mobile Domestic 4,916 4,916 -1.3% -1.3%
European BroadBand 427 154 581 European BroadBand 695 695 62.8% 19.6%
TIM Brasil 1,722 (20) 1,702 TIM Brasil 2,322 2,322 34.8% 35.5%
TI Media 98 98 TI Media 125 125 27.6% 27.6%
Olivetti 212 2 (2) 212 Olivetti 192 192 -9.4% -9.4%
Other Activities 124 (8) 116 Other Activities 109 109 -12.1% -6.0%
Eliminations -125 (1) -126 Eliminations (155) -155 24.0%
TI Group 15,335 149 (40) 15,444 230 15,214 TI Group 15,470 15,470 0.9% 0.2% 1.7%
EBITDA EBITDA
Domestic 6,210 (8) (2) 79 6,279 Domestic 5,619 134 5,753 -9.5% -8.4%
European BroadBand 14 20 34 European BroadBand 88 2 90 164.7%
TIM Brasil 354 (5) 9 358 TIM Brasil 585 585 65.3% 62.7%
TI Media -52 4 (48) TI Media (21) 1 (20) 59.6% 58.3%
Olivetti -26 1 (2) 7 (20) Olivetti (17) (17) 34.6% 15.0%
Other Activities 21 (4) 1 18 Other Activities 41 41 95.2% 127.8%
Eliminations & others -3 (3) Eliminations & others (1) 1 0
TI Group 6,518 13 (13) 100 6,618 TI Group 6,294 138 6,432 -3.4% -2.8%
EBITDA Margin EBITDA Margin
Domestic 48.2% 48.8% Domestic 46.1% 47.2% -2.1pp -1.6pp
European BroadBand 3.3% 5.9% European BroadBand 12.7% 12.9% 9.4pp 7.1pp
TIM Brasil 20.6% 21.0% TIM Brasil 25.2% 25.2% 4.6pp 4.2pp
TI Media -53.1% -49.0% TI Media -16.8% -16.0% 36.3pp 33.0pp
Olivetti -12.3% -9.4% Olivetti -8.9% -8.9% 3.4pp 0.6pp
TI Group 42.5% 42.9% TI Group 40.7% 41.6% -1.8pp -1.3pp
EBIT EBIT
Domestic 4,037 (8) (44) 3,985 Domestic 3,456 124 3,580 -14.4% -10.2%
European BroadBand (78) 17 (61) European BroadBand (52) 2 (50) 33.3% -18.0%
TIM Brasil (78) (1) 9 (70) TIM Brasil 69 69 188.5%
TI Media (79) 5 (74) TI Media (52) 1 (51) 34.2% 31.1%
Olivetti (35) 1 (2) 7 (29) Olivetti (24) (1) (25) 31.4% 13.8%
Other Activities 28 (3) (28) (3) Other Activities 25 25 -10.7% n.m.
Eliminations 6 25 31 Eliminations 27 27 350.0%
TI Group 3,801 10 (6) (26) 3,779 TI Group 3,449 126 3,575 -9.3% -5.4%
EBIT Margin EBIT Margin
Domestic 31.4% 31.0% Domestic 28.4% 29.4% -3.0pp -1.6pp
European BroadBand -18.3% -10.5% European BroadBand -7.5% -7.2% 10.8pp 3.3pp
TIM Brasil -4.5% -4.1% TIM Brasil 3.0% 3.0% 7.5pp 7.1pp
TI Media -80.6% -75.5% TI Media -41.6% -40.8% 39.0pp 34.7pp
Olivetti -16.5% -13.7% Olivetti -12.5% -13.0% 4.0pp 0.7pp
TI Group 24.8% 24.5% TI Group 22.3% 23.1% -2.5pp -1.4pp
(1) In accordance with Agcom deliberation 417/06/CONS, starting January 1st 2007, Telecom Italia invoices services rendered by OLO on NNG while does not assume credit risks. These services, since January 1st are not longer recorded as revenues and costs
(2) Other non Organic items on EBITDA 1H06 1H07 (2) Other non Organic items on EBIT 1H06 1H07
Restrucuring Costs 75 84 Restrucuring Costs 75 84
Brazil reorganization 9 Brazil reorganization 9
Magnum Project (123)
Other Real estate (27)
Others 16 54 Others 40 42
Total 100 138 Total (26) 126
Reported & Organic Figures: yoy trends
9M07 D% yoy D% yoy D% yoy net
9M06 rep. org. of NNG
Organic Figures Organic Figures net Other non organic Organic Figuers
Reporeted Figures (a) Non Organic elements (b) NNG (d) 1
Reported figures (f) (2) (f/a-1) (h/c-1) (h/e-1)
(c=a+b) of NNG (e=c-d) items (g) (h=f+g)
€ mln Change in Exchange rate Other non
REVENUES consolid. area impact organic items
(2) REVENUES
Domestic 19,223 (10) (17) 19,196 373 18,823 Domestic 18,108 18,108 -5.8% -5.7% -3.8%
o/w Wireline Domestic 12,707 (10) (17) 12,680 373 12,307 o/w Wireline Domestic 11,748 11,748 -7.5% -7.4% -4.5%
o/w Mobile Domestic 7,565 7,565 o/w Mobile Domestic 7,429 7,429 -1.8% -1.8%
European BroadBand 662 254 916 European BroadBand 1,106 1,106 67.1% 20.7%
TIM Brasil 2,792 39 2,831 TIM Brasil 3,603 3,603 29.0% 27.6%
TI Media 136 136 TI Media 178 178 30.9% 30.9%
Olivetti 298 3 (3) 298 Olivetti 283 283 -5.0% -5.0%
Other Activities 177 (12) 165 Other Activities 166 166 -6.2% 0.6%
Eliminations (184) 1 -183 Eliminations (237) -237 28.8% 29.5%
TI Group 23,104 248 7 23,359 373 22,986 TI Group 23,207 23,207 0.4% -0.7% 1.0%
EBITDA EBITDA
Domestic 9,220 (8) (2) 94 9,304 Domestic 8,440 150 8,590 -8.5% -7.7%
European BroadBand 40 36 76 European BroadBand 161 4 165 302.5% 117.1%
TIM Brasil 604 9 4 617 TIM Brasil 824 824 36.4% 34.0%
TI Media (71) 5 (66) TI Media (38) 1 (37) 46.5% 43.9%
Olivetti (36) 1 (3) 10 (28) Olivetti (21) 1 (20) 41.7% 28.6%
Other Activities 34 (5) 6 35 Other Activities 66 66 94.1% 88.6%
Eliminations & others (5) (5) Eliminations & others 1 1
TI Group 9,786 29 (1) 119 9,933 TI Group 9,433 156 9,589 -3.6% -3.5%
EBITDA Margin EBITDA Margin
Domestic 48.0% 48.5% Domestic 46.6% 47.4% -1.4pp -1.1pp
European BroadBand 6.0% 8.3% European BroadBand 14.6% 14.9% 8.5pp 6.6pp
TIM Brasil 21.6% 21.8% TIM Brasil 22.9% 22.9% 1.2pp 1.1pp
TI Media -52.2% -48.5% TI Media -21.3% -20.8% 30.9pp 27.7pp
Olivetti -12.1% -9.4% Olivetti -7.4% -7.1% 4.7pp 2.3pp
TI Group 42.4% 42.5% TI Group 40.6% 41.3% -1.8pp -1.2pp
EBIT EBIT
Domestic 5,883 (8) (1) (21) 5,853 Domestic 5,184 139 5,323 -11.9% -9.1%
European BroadBand (106) 30 (76) European BroadBand (59) 4 (55) 44.3% 27.6%
TIM Brasil (47) 4 (43) TIM Brasil 44 44
TI Media (111) 5 (106) TI Media (84) 1 (83) 24.3% 21.7%
Olivetti (49) 1 (3) 9 (42) Olivetti (32) (32) 34.7% 23.8%
Other Activities 31 (4) (21) 6 Other Activities 42 42 35.5%
Eliminations 20 26 46 Eliminations 43 (2) 41 115.0% 10.9%
TI Group 5,621 23 (8) 2 5,638 TI Group 5,138 142 5,280 -8.6% -6.3%
EBIT Margin EBIT Margin
Domestic 30.6% 30.5% Domestic 28.6% 29.4% -2.0pp -1.1pp
European BroadBand -16.0% -8.3% European BroadBand -5.3% -5.0% 10.7pp 3.3pp
TIM Brasil -1.7% -1.5% TIM Brasil 1.2% 1.2% 2.9pp 2.7pp
TI Media -81.6% -77.9% TI Media -47.2% -46.6% 34.4pp 31.3pp
Olivetti -16.4% -14.1% Olivetti -11.3% -11.3% 5.1pp 2.8pp
TI Group 24.3% 24.1% TI Group 22.1% 22.8% -2.2pp -1.3pp
(1) In accordance with Agcom deliberation 417/06/CONS, starting January 1st 2007, Telecom Italia invoices services rendered by OLO on NNG while does not assume credit risks. These services, since January 1st are not longer recorded as revenues and costs
(2) Other non Organic items on EBITDA 9M06 9M07 (2) Other non Organic items on EBIT 9M06 9M07
Restrucuring Costs 92 102 Restrucuring Costs 92 102
Brazil reorganization 10 Brazil reorganization 10
Magnum Project (123)
Other Real estate (27)
Others 17 54 Others 50 40
Total 119 156 Total 2 142
Index
click on the links below
P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures by quarter
Domestic Business Results
Domestic Wireline Results
Domestic Mobile Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
Quarterly Reported & Organic Figures: yoy trends
1Q07
D% yoy D% yoy D% yoy net
1Q06 rep. org. of NNG
Organic Figures
Organic Figures Other non organic Organic Figuers
Reporeted Figures (a) Non Organic elements (b) NNG (d) net of NNG1 (e=c- Reported figures (f) (2) (f/a-1) (h/c-1) (h/e-1)
(c=a+b) items (g) (h=f+g)
d)
€ mln Change in Exchange rate Other non
(2)
consolid. area impact organic items
REVENUES REVENUES
Domestic 6,297 (3) (5) 6,289 119 6,170 Domestic 6,009 6,009 -4.6% -4.5% -2.6%
o/w Wireline Domestic 4,286 (3) (5) 4,278 119 4,159 o/w Wireline Domestic 3,989 3,989 -6.9% -6.8% -4.1%
o/w Mobile Domestic 2,370 2,370 o/w Mobile Domestic 2,365 2,365 -0.2% -0.2%
European BroadBand 204 38 242 European BroadBand 304 304 49.0% 25.6%
TIM Brasil 837 (50) 787 TIM Brasil 1,100 1,100 31.4% 37.4%
TI Media 44 44 TI Media 58 58 31.8% 31.8%
Olivetti 94 (1) 93 Olivetti 83 83 -11.7% -10.8%
Other Activities 64 (5) 59 Other Activities 60 60 -6.3% 1.7%
Eliminations (58) 1 -57 Eliminations (74) -74
TI Group 7,482 36 (61) 7,457 119 7,338 TI Group 7,540 7,540 0.8% 1.1% 2.8%
EBITDA EBITDA
Domestic 3,148 (5) (1) 30 3,172 Domestic 2,853 36 2,889 -9.4% -8.9%
European BroadBand 2 6 8 European BroadBand 30 30 275.0%
TIM Brasil 181 (12) 9 178 TIM Brasil 269 269 48.6% 48.7%
TI Media (28) 1 (27) TI Media (11) 1 (10) 60.7% 63.0%
Olivetti (12) (1) 1 (12) Olivetti (10) (10) 16.7% 16.7%
Other Activities 10 (2) 8 Other Activities 23 23 130.0% 187.5%
Eliminations & others (6) (6) Eliminations & others 0 0
TI Group 3,295 1 (16) 41 3,321 TI Group 3,154 37 3,191 -4.3% -3.9%
EBITDA Margin EBITDA Margin
Domestic 50.0% 50.4% Domestic 47.5% 48.1% -2.5pp -2.4pp
European BroadBand 1.0% 3.3% European BroadBand 9.9% 9.9% 8.9pp 6.6pp
TIM Brasil 21.6% 22.6% TIM Brasil 24.5% 24.5% 2.8pp 1.8pp
TI Media -63.6% -61.4% TI Media -19.0% -17.2% 44.7pp 44.1pp
Olivetti -12.8% -12.9% Olivetti -12.0% -12.0% 0.7pp 0.9pp
TI Group 44.0% 44.5% TI Group 41.8% 42.3% -2.2pp -2.2pp
EBIT EBIT
Domestic 2,081 (5) (55) 2,021 Domestic 1,790 26 1,816 -14.0% -10.1%
European BroadBand (38) 6 (32) European BroadBand (31) (31) 18.4% 3.1%
TIM Brasil (36) (1) 9 (28) TIM Brasil 16 16
TI Media (41) 1 (40) TI Media (26) 1 (25) 36.6% 37.5%
Olivetti (17) (1) 1 (17) Olivetti (14) (14) 17.6% 17.6%
Other Activities 28 (2) (29) (3) Other Activities 15 15 -46.4%
Eliminations 7 2 9 Eliminations 13 13 44.4%
TI Group 1,984 1 (4) (71) 1,910 TI Group 1,763 27 1,790 -11.1% -6.3%
EBIT Margin EBIT Margin
Domestic 33.0% 32.1% Domestic 29.8% 30.2% -3.3pp -1.9pp
European BroadBand -18.6% -13.2% European BroadBand -10.2% -10.2% 8.4pp 3.0pp
TIM Brasil -4.3% -3.6% TIM Brasil 1.5% 1.5% 5.8pp 5.0pp
TI Media -93.2% -90.9% TI Media -44.8% -43.1% 48.4pp 47.8pp
Olivetti -18.1% -18.3% Olivetti -16.9% -16.9% 1.2pp 1.4pp
TI Group 26.5% 25.6% TI Group 23.4% 23.7% -3.1pp -1.9pp
(1) In accordance with Agcom deliberation 417/06/CONS, starting January 1st 2007, Telecom Italia invoices services rendered by OLO on NNG while does not assume credit risks. These services, since January 1st are not longer recorded as revenues and costs in Telecom Italia accounts.
(2) Other non Organic items on EBITDA 1Q06 1Q07 (2) Other non Organic items on EBIT 1Q06 1Q07
Restrucuring Costs 25 37 Restrucuring Costs 25 37
Brazil reorganization 9 Brazil reorganization 9
Magnum Project (85)
Other Real estate (27) (10)
Others 7 Others 7
Total 41 37 Total (71) 27
Quarterly Reported & Organic Figures: yoy trends
2Q07
D% yoy D% yoy D% yoy net
2Q06 rep. org. of NNG
Organic Figures
Organic Figures Other non organic Organic Figuers
Reporeted Figures (a) Non Organic elements (b) NNG (d) net of NNG1 (e=c- Reported figures (f) (2) (f/a-1) (h/c-1) (h/e-1)
(c=a+b) items (g) (h=f+g)
d)
€ mln
Change in Exchange rate Other non
REVENUES consolid. area impact organic items (2) REVENUES
Domestic 6,580 (3) (5) 6,572 111 6,461 Domestic 6,173 6,173 -6.2% -6.1% -4.5%
o/w Wireline Domestic 4,313 (3) (5) 4,305 111 4,194 o/w Wireline Domestic 3,994 3,994 -7.4% -7.2% -4.8%
o/w Mobile Domestic 2,612 2,612 o/w Mobile Domestic 2,551 2,551 -2.3% -2.3%
European BroadBand 223 116 339 European BroadBand 391 391 75.3% 15.3%
TIM Brasil 885 30 915 TIM Brasil 1,222 1,222 38.1% 34.6%
TI Media 54 54 TI Media 67 67 24.1% 24.1%
Olivetti 118 2 (1) 119 Olivetti 109 109 -7.6% -8.4%
Other Activities 60 (3) 57 Other Activities 49 49 -18.3% -14.0%
Eliminations -67 (2) -69 Eliminations -81 -81 17.4%
TI Group 7,853 113 21 7,987 111 7,876 TI Group 7,930 7,930 1.0% -0.7% 0.7%
EBITDA EBITDA
Domestic 3,062 (3) (1) 49 3,107 Domestic 2,766 98 2,864 -9.7% -7.8%
European BroadBand 12 14 26 European BroadBand 58 2 60 383.3% 130.8%
TIM Brasil 173 7 180 TIM Brasil 316 316 82.7% 77.4%
TI Media -24 3 (21) TI Media -10 (10) 58.3% 52.4%
Olivetti -14 1 (1) 6 (8) Olivetti -7 (7) 50.0% 12.5%
Other Activities 11 (2) 1 10 Other Activities 18 18 63.6% 80.0%
Eliminations & others 3 3 Eliminations & others -1 1 0
TI Group 3,223 12 3 59 3,297 TI Group 3,140 101 3,241 -2.6% -1.7%
EBITDA Margin EBITDA Margin
Domestic 46.5% 47.3% Domestic 44.8% 46.4% -1.7pp -0.9pp
European BroadBand 5.4% 7.7% European BroadBand 14.8% 15.3% 9.5pp 7.7pp
TIM Brasil 19.5% 19.7% TIM Brasil 25.9% 25.9% 6.3pp 6.2pp
TI Media -44.4% -38.9% TI Media -14.9% -14.9% 29.5pp 24.0pp
Olivetti -11.9% -6.7% Olivetti -6.4% -6.4% 5.4pp 0.3pp
TI Group 41.0% 41.3% TI Group 39.6% 40.9% -1.4pp -0.4pp
EBIT EBIT
Domestic 1,956 (3) 11 1,964 Domestic 1,666 98 1,764 -14.8% -10.2%
European BroadBand (40) 11 (29) European BroadBand (21) 2 (19) 47.5% 34.5%
TIM Brasil (42) (42) TIM Brasil 53 53
TI Media (38) 4 (34) TI Media (26) (26) 31.6% 23.5%
Olivetti (18) 1 (1) 6 (12) Olivetti (10) (1) (11) 44.4% 8.3%
Other Activities 0 (1) 1 0 Other Activities 10 10
Eliminations (1) 23 22 Eliminations 14 14 -36.4%
TI Group 1,817 9 (2) 45 1,869 TI Group 1,686 99 1,785 -7.2% -4.5%
EBIT Margin EBIT Margin
Domestic 29.7% 29.9% Domestic 27.0% 28.6% -2.7pp -1.3pp
European BroadBand -17.9% -8.6% European BroadBand -5.4% -4.9% 12.6pp 3.7pp
TIM Brasil -4.7% -4.6% TIM Brasil 4.3% 4.3% 9.1pp 8.9pp
TI Media -70.4% -63.0% TI Media -38.8% -38.8% 31.6pp 24.2pp
Olivetti -15.3% -10.1% Olivetti -9.2% -10.1% 6.1pp 0.0pp
TI Group 23.1% 23.4% TI Group 21.3% 22.5% -1.9pp -0.9pp
(1) In accordance with Agcom deliberation 417/06/CONS, starting January 1st 2007, Telecom Italia invoices services rendered by OLO on NNG while does not assume credit risks. These services, since January 1st are not longer recorded as revenues and costs in Telecom Italia accounts.
(2) Other non Organic items on EBITDA 2Q06 2Q07 (2) Other non Organic items on EBIT 2Q06 2Q07
Restrucuring Costs 50 47 Restrucuring Costs 50 47
Brazil reorganization Brazil reorganization 0
Magnum Project (38)
Other Real estate 0 10
Others 9 54 Others 33 42
Total 59 101 Total 45 99
Quarterly Reported & Organic Figures: yoy trends
3Q07
D% yoy D% yoy D% yoy net
3Q06 rep. org. of NNG
Organic Figures
Organic Figures Other non organic Organic Figuers
Reporeted Figures (a) Non Organic elements (b) NNG (d) 1
net of NNG (e=c- Reported figures (f) (f/a-1) (h/c-1) (h/e-1)
(c=a+b) items(2) (g) (h=f+g)
d)
€ mln
Change in Exchange rate Other non
REVENUES (2) REVENUES
consolid. area impact organic items
Domestic 6,346 (4) (7) 6,335 143 6,192 Domestic 5,926 5,926 -6.6% -6.5% -4.3%
o/w Wireline Domestic 4,108 (4) (7) 4,097 143 3,954 o/w Wireline Domestic 3,765 3,765 -8.3% -8.1% -4.8%
o/w Mobile Domestic 2,583 2,583 o/w Mobile Domestic 2,513 2,513 -2.7% -2.7%
European BroadBand 235 100 335 European BroadBand 411 411 74.9% 22.7%
TIM Brasil 1,070 59 1,129 TIM Brasil 1,281 1,281 19.7% 14.6%
TI Media 38 38 TI Media 53 53 39.5% 39.5%
Olivetti 86 1 (1) 86 Olivetti 91 91 5.8% 5.8%
Other Activities 53 (4) 49 Other Activities 57 57 7.5% 16.3%
Eliminations -59 2 -57 Eliminations -82 -82 -43.9%
TI Group 7,769 99 47 7,915 143 7,772 TI Group 7,737 7,737 -0.4% -2.2% -0.5%
EBITDA EBITDA
Domestic 3,010 15 3,025 Domestic 2,821 16 2,837 -6.3% -6.2%
European BroadBand 26 16 42 European BroadBand 73 2 75 180.8% 78.6%
TIM Brasil 250 14 (5) 259 TIM Brasil 239 239 -4.4% -7.5%
TI Media -19 1 (18) TI Media -17 (17) 10.5% 5.6%
Olivetti -10 (1) 3 (8) Olivetti -4 1 (3) 60.0% 62.5%
Other Activities 13 (1) 5 17 Other Activities 25 25 92.3% 47.1%
Eliminations & others -2 (2) Eliminations & others 2 (1) 1
TI Group 3,268 16 12 19 3,315 TI Group 3,139 18 3,157 -3.9% -4.8%
EBITDA Margin EBITDA Margin
Domestic 47.4% 47.8% Domestic 47.6% 47.9% 0.2pp 0.1pp
European BroadBand 11.1% 12.5% European BroadBand 17.8% 18.2% 6.7pp 5.7pp
TIM Brasil 23.4% 22.9% TIM Brasil 18.7% 18.7% -4.7pp -4.3pp
TI Media -50.0% -47.4% TI Media -32.1% -32.1% 17.9pp 15.3pp
Olivetti -11.6% -9.3% Olivetti -4.4% -3.3% 7.2pp 6.0pp
TI Group 42.1% 41.9% TI Group 40.6% 40.8% -1.5pp -1.1pp
EBIT EBIT
Domestic 1,846 (1) 23 1,868 Domestic 1,728 15 1,743 -6.4% -6.7%
European BroadBand (28) 13 (15) European BroadBand (7) 2 (5) 75.0% 66.7%
TIM Brasil 31 1 (5) 27 TIM Brasil (25) (25)
TI Media (32) (32) TI Media (32) (32) 0.0% 0.0%
Olivetti (14) (1) 2 (13) Olivetti (8) 1 (7) 42.9% 46.2%
Other Activities 3 (1) 7 9 Other Activities 17 17 88.9%
Eliminations 14 1 15 Eliminations 16 (2) 14 -6.7%
1,820 13 (2) 28 1,859 1,689 16 1,705 -7.2% -8.3%
TI Group TI Group
EBIT Margin EBIT Margin
Domestic 29.1% 29.5% Domestic 29.2% 29.4% 0.1pp -0.1pp
European BroadBand -11.9% -4.5% European BroadBand -1.7% -1.2% 10.2pp 3.3pp
TIM Brasil 2.9% 2.4% TIM Brasil -2.0% -2.0% -4.8pp -4.3pp
TI Media -84.2% -84.2% TI Media -60.4% -60.4% 23.8pp 23.8pp
Olivetti -16.3% -15.1% Olivetti -8.8% -7.7% 7.5pp 7.4pp
TI Group 23.4% 23.5% TI Group 21.8% 22.0% -1.6pp -1.5pp
(1) In accordance with Agcom deliberation 417/06/CONS, starting January 1st 2007, Telecom Italia invoices services rendered by OLO on NNG while does not assume credit risks. These services, since January 1st are not longer recorded as revenues and costs in Telecom Italia accounts.
(2) Other non Organic items on EBITDA 3Q06 3Q07 (2) Other non Organic items on EBIT 3Q06 3Q07
Restrucuring Costs 17 18 Restrucuring Costs 17 18
Brazil reorganization 1 Brazil reorganization 1
Magnum Project
Other Real estate
Others 1 Others 10 (2)
Total 19 18 Total 28 16
Index
click on the links below
P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Domestic Business Results
Domestic Wireline Results
Domestic Mobile Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
Domestic Business Results - Reported Figuers
1Q06 2Q06 3Q06 4Q06 FY06 1Q07 D% yoy 2Q07 D% yoy 3Q07 D% yoy
KPI's ('000)
Wireline
Fixed network connections 24,867 24,477 24,228 23,698 23,698 23,205 -6.7% 22,836 -6.7% 22,538 -7.0%
Physical accesses 21,502 21,217 20,992 20,540 20,540 20,118 -6.4% 19,811 -6.6% 19,577 -6.7%
Broadband (retail+wholesale) 5,982 6,266 6,457 6,770 6,770 7,095 18.6% 7,277 16.1% 7,395 14.5%
Mobile
Total lines 29,664 30,408 31,488 32,450 32,450 33,569 13.2% 34,312 12.8% 35,310 12.1%
(1)
UMTS 2,979 3,421 3,892 4,206 4,206 4,666 56.6% 5,147 50.5% 5,728 47.2%
D% YoY net D% YoY net D% YoY net
€ mln NNG (2) NNG (2) NNG
REVENUES 6,297 6,580 6,346 6,562 25,785 6,009 -4.6% -2.6% 6,173 -6.2% -4.6% 5,926 -6.6% -4.5%
o/w Domestic Wireline 4,286 4,313 4,108 4,281 16,988 3,989 -6.9% -4.3% 3,994 -7.4% -5.0% 3,765 -8.3% -5.0%
o/w Domestic Mobile 2,370 2,612 2,583 2,645 10,210 2,365 -0.2% 2,551 -2.3% 2,513 -2.7%
EBITDA 3,148 3,062 3,010 2,673 11,893 2,853 -9.4% 2,766 -9.7% 2,821 -6.3%
EBITDA Margin 50.0% 46.5% 47.4% 40.7% 46.1% 47.5% -2.5pp 44.8% -1.7pp 47.6% 0.2pp
Exceptional items -30 -49 -16 -100 -195 -36 -98 -16
EBITDA before exceptional (aka "other non organic items") 3,178 3,111 3,026 2,773 12,088 2,889 -9.1% 2,864 -7.9% 2,837 -6.2%
EBITDA Margin before exceptional 50.5% 47.3% 47.7% 42.3% 46.9% 48.1% -2.4pp 46.4% -0.9pp 47.9% 0.2pp
Depreciation & Amortization 1,155 1,145 1,154 850 4,304 1,075 -6.9% 1,100 -3.9% 1,096 -5.0%
EBIT 2,081 1,956 1,846 1,793 7,676 1,790 -14.0% 1,666 -14.8% 1,728 -6.4%
EBIT Margin 33.0% 29.7% 29.1% 27.3% 29.8% 29.8% -3.3pp 27.0% -2.7pp 29.2% 0.1pp
Exceptional items 55 -11 -24 -105 -85 -26 -98 15
EBIT before exceptional (aka "other non organic items") 2,026 1,967 1,870 1,898 7,761 1,816 -10.4% 1,764 -10.3% 1,743 -6.8%
EBIT Margin before exceptional 32.2% 29.9% 29.5% 28.9% 30.1% 30.2% -2.0pp 28.6% -1.3pp 29.4% -0.1pp
Capex 850 943 822 1,279 3,894 867 2.0% 1,028 9.0% 922
% on revenues 13.5% 14.3% 13.0% 19.5% 15.1% 14.4% 0.9pp 16.7% 2.3pp 15.6% 2.6pp
Headcount at period-end ('000) 68,882 68,277 67,846 66,835 66,835 66,479 65,880 65,528
(1)
UMTS costumers that generated traffic on TIM's 3G network in the last 90 days
(2)
Excluding change in accounting for Non Geographic Numbers (-119 mln euro in 1Q06, 111 mln euro in 2Q06, 143 mln euro in 3Q06). In accordance with Agcom deliberation 417/06/CONS, starting January 1 st 2007, Telecom Italia invoices services rendered by OLO on NNG while
st
does not assume credit risks. These services, since January 1 are not longer recorded as revenues and costs in Telecom Italia accounts.
Index
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P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Reported & Organic Figures by quarter
Domestic Wireline Results
Domestic Mobile Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
Domestic Wireline Results - Reported Figures
1Q06 2Q06 3Q06 4Q06 FY06 1Q07 D% yoy 2Q07 D% yoy 3Q07 D% yoy
KPI's
Fixed network connections ('000) 24,867 24,477 24,228 23,698 23,698 23,205 -6.7% 22,836 -6.7% 22,538 -7.0%
Physical accesses ('000) 21,502 21,217 20,992 20,540 20,540 20,118 -6.4% 19,811 -6.6% 19,577 -6.7%
OLO Access (on TI infrastructure) 1,457 1,764 1,908 2,289 2,289 2,714 2,998 2,932
o/w ULL 1,261 1,393 1,498 1,706 1,706 1,989 2,282 2,282
o/w Virtual ULL 125 130 254 254 357 327 250
o/w Shared Access (ADSL)(1) 196 246 280 329 329 368 389 400
Voice flat/semiflat offers ('000) 6,397 6,469 6,417 6,468 6,468 6,465 1.1% 6,619 2.3% 6,550 2.1%
% on total accesses 29.8% 30.5% 30.6% 31.5% 31.5% 32.1% 2.4pp 33.4% 2.9pp 33.5% 2.9pp
BroadBand Accesses ('000) 5,982 6,266 6,457 6,770 6,770 7,095 18.6% 7,277 16.1% 7,395 14.5%
o/w retail 4,958 5,195 5,382 5,639 5,639 5,883 18.7% 6,073 16.9% 6,215 15.5%
o/w wholesale 1,024 1,071 1,075 1,131 1,131 1,212 18.4% 1,204 12.4% 1,180 9.8%
Voip portfolio ('000) 177 359 359 549 924 1,099
% on BB retail lines 3.3% 6.4% 6.4% 9.3% 15.2% 17.7% 14.4pp
D% YoY net D% YoY D% YoY net
REVENUES(2)(€ mln) NNG (2) net NNG (2) NNG (2)
TOTAL 4,286 4,313 4,108 4,281 16,988 3,989 -6.9% -4.3% 3,994 -7.4% -4.9% 3,765 -8.3% -5.1%
Voice 2,414 2,391 2,247 2,256 9,308 2,161 -10.5% -7.8% 2,124 -11.1% -8.4% 2,009 -10.6% -6.4%
o/w traffic 1,031 1,009 896 951 3,887 928 -10.0% -9.1% 896 -11.2% -10.4% 821 -8.4% -7.6%
o/w access 1,043 1,034 1,021 1,018 4,116 1,005 -3.6% 994 -3.9% 976 -4.5%
o/w voice VAS 158 157 173 119 607 91 -42.7% -7.1% 90 -42.7% -5.1% 89 -48.0% -11.2%
o/w handsets 182 191 157 169 698 137 -24.7% 144 -24.1% 123 -22.3%
Internet 377 385 361 388 1,511 353 -6.3% 7.6% 363 -5.7% 5.3% 355 -1.7% 11.3%
o/w narrowband 77 75 63 65 280 22 -71.6% -18.5% 23 -67.8% -32.2% 19 -69.8% -9.5%
o/w BroadBand 300 310 298 323 1,231 331 -10.0% 340 8.9% 336 12.8%
Business Data 443 447 400 453 1,743 393 -11.3% 448 0.4% 395 -1.3%
o/w leased lines 82 63 61 67 273 63 -23.2% 61 -4.4% 58 -4.9%
o/w traditional data 46 50 46 22 164 20 -56.5% 18 -63.9% 16 -65.2%
o/w BroadBand data 129 120 110 123 482 132 2.3% 131 8.7% 136 23.6%
o/w Equipments 52 71 59 41 223 37 -28.8% 62 -12.4% 53 -10.2%
o/w ICT 134 143 124 200 601 141 5.2% 175 -24.0% 132 6.5%
Wholesale 945 977 1,013 1,053 3,988 992 5.0% 958 -1.9% 904 -10.8%
Subs. Adj. and Other 107 114 87 129 437 90 -15.9% 101 -11.0% 102 17.2%
(1)
Included on TI Retail Access
(2)
Excluding change in accounting for Non Geographic Numbers. In accordance with Agcom deliberation 417/06/CONS, starting January 1 st 2007, Telecom Italia invoices services rendered by OLO on
NNG while does not assume credit risks. These services, since January 1 st are not longer recorded as revenues and costs in Telecom Italia accounts.
NON GEOGRAPHIC NUMBER REVENUES(€ mln) 1Q06 2Q06 3Q06
Total 119 111 143
o/w Traffic 10 9 8
o/w Voice Vas 60 61 93
o/w Internet 49 41 42
Index
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P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Reported & Organic Figures by quarter
Domestic Business Results
Domestic Mobile Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
Domestic Mobile Results - Reported Figures
1Q06 2Q06 3Q06 4Q06 FY06 1Q07 D% yoy 2Q07 D% yoy 3Q07 D% yoy
KPI's
Market Share (%) 40.3% 40.5% 40.3% 40.4% 40.4% 40.4% 0.1pp 40.3% -0.2pp 40.3% 0.0pp
Total number of lines ('000) 29,664 30,408 31,488 32,450 32,450 33,569 13.2% 34,312 12.8% 35,310 12.1%
UMTS lines ('000) 2,979 3,421 3,892 4,206 4,206 4,666 56.6% 5,147 50.5% 5,728 47.2%
% on total lines 10.0% 11.3% 12.4% 13.0% 13.0% 13.9% 3.9pp 15.0% 3.7pp 16.2% 3.8pp
Volumes of traffic (mln of minutes) (1) 10,354 10,755 10,847 10,586 42,542 10,518 1.6% 11,437 6.3% 12,037 11.0%
o/w Outgoing traffic volumes (mln of minutes) (2) 6,768 7,039 7,172 6,903 27,882 6,924 2.3% 7,708 9.5% 8,425 17.6%
o/w Incoming traffic volumes (mln of minutes) 3,586 3,716 3,675 3,683 14,660 3,594 0.2% 3,729 0.3% 3,612 -1.7%
Handsets sold ('000) 1,054 2,097 1,279 2,990 7,420 1,171 11.1% 2,553 21.7% 1,600 25.1%
o/w UMTS ('000) 292 769 446 1,073 2,580 404 38.4% 957 24.4% 681 52.7%
REVENUES (€ mln), Reported figures
TOTAL 2,370 2,612 2,583 2,645 10,210 2,365 -0.2% 2,551 -2.3% 2,513 -2.7%
Service Revenues 2,263 2,351 2,420 2,364 9,398 2,274 0.5% 2,321 -1.3% 2,366 -2.3%
o/w Outgoing voice (3) 1,312 1,373 1,449 1,415 5,549 1,331 1.4% 1,296 -5.6% 1,367 -5.7%
o/w Incoming voice 445 461 419 418 1,743 410 -7.9% 425 -7.8% 365 -12.9%
o/w Visitors and others 100 130 120 107 457 82 -18.0% 135 3.8% 147 22.5%
o/w VAS 406 387 432 424 1,649 451 11.1% 465 20.2% 487 12.7%
o/w messaging 249 242 263 283 1,037 261 4.9% 264 9.0% 263 0.0%
o/w interactive 157 145 169 141 612 190 20.9% 201 38.6% 224 32.5%
VAS on Service revenues (%) 17.9% 16.5% 17.8% 17.9% 17.5% 19.8% 1.9pp 20.0% 3.5pp 20.6% 2.8pp
Handsets 107 261 163 281 812 91 -15.0% 230 -11.9% 147 -9.8%
(1) Incoming + Outgoing excluding Visitors
(2) Roaming volumes not included
(3) Outgoing voice revenues include roaming revenues
Index
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P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Reported & Organic Figures by quarter
Domestic Business Results
Domestic Wireline Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
TIM Brasil Results - reported Figuers
1Q06 2Q06 3Q06 4Q06 FY06 1Q07 D% yoy 2Q07 D% yoy 3Q 07 D% yoy
KPI's
Estimated Total Penetration (%)* 48.1% 49.2% 51.3% 53.2% 53.2% 54.3% 6.2pp 56.5% 7.3pp 59.5% 8.2pp
Market Share on total lines (%)* 23.5% 24.3% 25.1% 25.4% 25.4% 25.8% 2.3pp 25.8% 1.5pp 25.9% 0.8pp
Total Lines ('000) 21,018 22,338 24,085 25,410 25,410 26,307 25.2% 27,478 23.0% 29,160 21.1%
-of which Prepaid 16,696 17,744 19,138 20,005 20,005 20,629 23.6% 21,433 20.8% 22,571 17.9%
-of which Postpaid 4,322 4,594 4,947 5,405 5,405 5,678 31.4% 6,045 31.6% 6,589 33.2%
TOTAL ARPU (R$ Brasilian GAAP) 30.0 30.2 34.4 37.0 33.1 34.4 14.7% 34.6 14.6% 34.0 -1.2%
TOTAL MOU 82 82 95 95 89 89 8.5% 94 14.6% 94 -1.1%
MAIN RESULTS (IAS/IFRS, R$ mln)
REVENUES 2,213 2,431 2,951 3,241 10,836 3,040 37.4% 3,273 34.6% 3,381 14.6%
o/w Voice (Excluding visitors & others) 1,782 1,845 2,319 2,599 8,545 2,501 40.3% 2,641 43.1% 2,721 17.3%
o/w VAS 136 178 163 188 665 190 39.7% 200 12.4% 241 47.9%
o/w Handsets 203 333 386 324 1,246 210 3.4% 320 -3.9% 324 -16.1%
EBITDA 478 476 690 952 2,596 745 55.9% 846 77.7% 625 -9.4%
EBITDA margin 21.6% 19.6% 23.4% 29.4% 24.0% 24.5% 2.9pp 25.8% 6.2pp 18.5% -4.9pp
EBITDA organic 501 477 676 953 2,607 745 48.7% 846 77.4% 625 -7.5%
EBITDA margin 22.6% 19.6% 22.9% 29.4% 24.1% 24.5% 1.9pp 25.8% 6.2pp 18.5% -4.4pp
EBIT -94 -116 82 186 58 46 148.9% 143 223.3% -71 -186.6%
EBIT margin -4.2% -4.8% 2.8% 5.7% 0.5% 1.5% 5.7pp 4.4% 9.2pp -2.1% -4.9pp
EBIT organic -71 -116 70 186 69 46 -164.8% 143 -223.3% -71 -201.4%
EBITDA margin -3.2% -4.8% 2.4% 5.7% 0.6% 1.5% 4.7pp 4.4% 9.2pp -2.1% -4.5pp
Capex 166 354 375 1,015 1,910 321 93.4% 416 17.5% 453 20.8%
% on revenues 7.5% 14.6% 12.7% 31.3% 17.6% 10.6% 3.1pp 12.7% -1.9pp 13.4% 0.7pp
1Q06 1H06 9M06 2006 FY06 1Q07 1H07 9M07
Exchange rate AVG (R$ vs. euro) 2.6426 2.6963 2.7200 2.7334 2.7634 2.7189 2.6905
* source ANATEL
Index
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P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Reported & Organic Figures by quarter
Domestic Business Results
Domestic Wireline Results
Domestic Mobile Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Analyst Tools
Cover
European BroadBand Results - Reported Figuers Index
1Q06 2Q06 3Q06 4Q06 FY06 1Q07 D% yoy 2Q07 D% yoy 3Q07 D% yoy click on the links below
KPI's P&L Group YTD
EUROPEAN BROADBAND* P&L Group by quarter
Total lines BB+NB ('000) 1,885 1,938 2,014 2,152 2,152 4,301 128.2% 4,210 117.2% 4,275 112.3% Key Financial data by BU YTD
BB lines ('000) 1,471 1,596 1,718 1,890 1,890 3,113 111.6% 3,199 100.4% 3,306 92.4% Key Financial data by BU by quarter
Reported & Organic Figures YTD
GERMANY (Hansenet)* Reported & Organic Figures by quarter
Total lines BB+NB ('000) 684 770 839 951 951 3,104 353.8% 3,015 291.6% 3,055 264.1% Domestic Business Results
BB lines ('000) 657 745 816 929 929 2,118 222.4% 2,180 192.6% 2,244 175.0% Domestic Wireline Results
Domestic Mobile Results
FRANCE (Liberty Surf Group) TIM Brasil Results
Total lines BB+NB ('000) 992 972 985 1,015 1,015 1,012 2.0% 1,023 5.2% 1,040 5.6% Historic Quarter Proforma
BB lines ('000) 605 655 712 775 775 810 33.9% 847 29.3% 882 23.9% Main Group Subsidiaries
Analyst Tools
NETHERLANDS (BBNed) Cover
Total lines ('000) 209 196 190 186 186 185 -11.5% 172 -12.2% 180 -5.3%
MAIN RESULTS (€ mln) 1Q06 2Q06 3Q06 4Q06 FY06 1Q07 yoy 2Q07 yoy 3Q07 yoy
REVENUES 204 223 235 253 915 304 49.0% 391 75.3% 411 74.9%
o/w Germany 111 127 137 153 528 198 78.4% 278 118.9% 291 112.4%
o/w France 72 76 79 83 310 88 22.2% 95 25.0% 99 25.3%
o/w Netherlands 21 20 18 18 77 18 -14.3% 18 -10.0% 21 16.7%
EBITDA 2 12 26 41 81 30 1400.0% 58 383.3% 73 180.8%
o/w Germany 28 32 39 47 146 48 71.4% 70 118.8% 79 102.6%
o/w France -35 -29 -19 -11 -94 -24 31.4% -16 44.8% -11 42.1%
o/w Netherlands 9 8 7 6 30 5 -44.4% 5 -37.5% 5 -28.6%
EBITDA margin 1.0% 5.4% 11.1% 16.2% 8.9% 9.9% 8.9pp 14.8% 9.4pp 17.8% 6.7pp
EBIT -38 -40 -28 -19 -125 -31 18.4% -21 47.5% -7 75.0%
o/w Germany 10 12 18 23 63 22 120.0% 38 216.7% 30 66.7%
o/w France -51 -56 -46 -42 -195 -53 -3.9% -50 10.7% -44 4.3%
o/w Netherlands 4 4 2 0 10 1 -75.0% -1 -125.0% 0 n.m.
EBIT margin -18.6% -17.9% -11.9% -7.5% -13.7% -10.2% 8.4pp -5.4% 12.5pp -1.7% 10.2pp
Capex 95 133 116 123 467 142 49.5% 110 -17.3% 111 -4.3%
o/w Germany 46 69 50 32 197 108 134.8% 78 13.0% 76 52.0%
o/w France 42 61 64 87 254 32 -23.8% 30 -50.8% 32 -50.0%
o/w Netherlands 7 3 3 4 17 2 -71.4% 2 -33.3% 3 0.0%
% on revenues 46.6% 59.6% 49.4% 48.6% 51.0% 46.7% 0.1pp 28.1% -31.5pp 27.0% -22.4pp
* Including AOL since 1Q 07
Historic Quartely Proforma
Index
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1Q06 figures restatement P&L Group YTD
OLD VIEW NEW VIEW P&L Group by quarter
1Q06 reported Adjustements 1Q06 proforma Key Financial data by BU YTD
€ mln (a) (b) (a+b) Key Financial data by BU by quarter
REVENUES REVENUES REVENUES Reported & Organic Figures YTD
Wireline Domestic 4,268 Wireline Domestic* 18 Wireline Domestic 4,286 Reported & Organic Figures by quarter
Mobile Domestic 2,370 Mobile Domestic 0 Mobile Domestic 2,370 Domestic Business Results
Corporate, Elim. & Adj.** (359) Corporate, Elim. & Adj. (359) Domestic Wireline Results
Domestic 6,297 Domestic Mobile Results
European Project 204 European Project 0 European Project 204 TIM Brasil Results
TIM Brasil 837 TIM Brasil 0 TIM Brasil 837 European BroadBand
Media 44 Media 0 Media 44 Main Group Subsidiaries
Olivetti 94 Olivetti 0 Olivetti 94 Analyst Tools
Bolivia 47 Bolivia 0 Bolivia 47 Cover
Corporate, Elim. & Adj. (382) Corporate, Elim. & Adj.** 341 Other, Elim. & Adj. (41)
Total TI Group 7,482 Total TI Group 0 Total TI Group 7,482
EBITDA reported EBITDA reported EBITDA reported
Wireline Domestic 1,981 Wireline Domestic 0 Wireline Domestic 1,981
Mobile Domestic 1,260 Mobile Domestic 0 Mobile Domestic 1,260
Corporate, Elim. & Adj.** (93) Corporate, Elim. & Adj. (93)
Domestic 3,148
European Project 2 European Project 0 European Project 2
TIM Brasil 181 TIM Brasil 0 TIM Brasil 181
Media (28) Media 0 Media (28)
Olivetti (12) Olivetti 0 Olivetti (12)
Bolivia 20 Bolivia 0 Bolivia 20
Corporate, Elim. & Adj. (109) Corporate, Elim. & Adj.** 93 Other, Elim. & Adj. (16)
Total TI Group 3,295 Total TI Group 0 Total TI Group 3,295
EBITDA before exceptionals(1) EBITDA before exceptionals(1) EBITDA before exceptionals(1)
Wireline Domestic 1,998 Wireline Domestic 0 Wireline Domestic 1,998
Mobile Domestic 1,269 Mobile Domestic 0 Mobile Domestic 1,269
Corporate, Elim. & Adj.** (89) Corporate, Elim. & Adj. (89)
Domestic 3,178
European Project 2 European Project 0 European Project 2
TIM Brasil 190 TIM Brasil 0 TIM Brasil 190
Media (27) Media 0 Media (27)
Olivetti (11) Olivetti 0 Olivetti (11)
Bolivia 20 Bolivia 0 Bolivia 20
Corporate, Elim. & Adj. (105) Corporate, Elim. & Adj.** 89 Other, Elim. & Adj. (16)
Total TI Group 3,336 Total TI Group 0 Total TI Group 3,336
* In the "old view" intercompany revenues relative to European Project were netted from domestic perimeter revenues. This accounting practise refers only to revenues (18 € mln), not to EBITDA or EBIT.
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
(1)
aka "other non organic items"
Historic Quartely Proforma
Index
1Q06 figures restatement
OLD VIEW NEW VIEW
1Q06 reported Adjustements 1Q06 proforma
€ mln (a) (b) (a+b)
EBIT reported EBIT reported EBIT reported
Wireline Domestic 1,213 Wireline Domestic 0 Wireline Domestic 1,213
Mobile Domestic 925 Mobile Domestic 0 Mobile Domestic 925
Corporate, Elim. & Adj.** (57) Corporate, Elim. & Adj. (57)
Domestic 2,081
European Project (38) European Project 0 European Project (38)
TIM Brasil (36) TIM Brasil 0 TIM Brasil (36)
Media (41) Media 0 Media (41)
Olivetti (17) Olivetti 0 Olivetti (17)
Bolivia 10 Bolivia 0 Bolivia 10
Corporate, Elim. & Adj. (32) Corporate, Elim. & Adj.** 57 Other, Elim. & Adj. 25
Total TI Group 1,984 Total TI Group 0 Total TI Group 1,984
EBIT before exceptionals(1) EBIT before exceptionals(1) EBIT before exceptionals(1)
Wireline Domestic 1,230 Wireline Domestic 0 Wireline Domestic 1,230
Mobile Domestic 934 Mobile Domestic 0 Mobile Domestic 934
Corporate, Elim. & Adj.** (138) Corporate, Elim. & Adj. (138)
Domestic 2,026
European Project (38) European Project 0 European Project (38)
TIM Brasil (27) TIM Brasil 0 TIM Brasil (27)
Media (40) Media 0 Media (40)
Olivetti (16) Olivetti 0 Olivetti (16)
Bolivia 10 Bolivia 0 Bolivia 10
Corporate, Elim. & Adj. (140) Corporate, Elim. & Adj.** 138 Other, Elim. & Adj. (2)
Total TI Group 1,913 Total TI Group 0 Total TI Group 1,913
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
(1)
aka "other non organic items"
Historic Quartely Proforma
Index
1H06 figures restatement
OLD VIEW NEW VIEW
1H06 reported Adjustements 1H06 proforma
€ mln (a) (b) (a+b)
REVENUES REVENUES REVENUES
Wireline Domestic 8,550 Wireline Domestic* 49 Wireline Domestic 8,599
Mobile Domestic 4,982 Mobile Domestic 0 Mobile Domestic 4,982
Corporate, Elim. & Adj.** (704) Corporate, Elim. & Adj. (704)
Domestic 12,877
European Project 427 European Project 0 European Project 427
TIM Brasil 1,722 TIM Brasil 0 TIM Brasil 1,722
Media 98 Media 0 Media 98
Olivetti 212 Olivetti 0 Olivetti 212
Bolivia 93 Bolivia 0 Bolivia 93
Corporate, Elim. & Adj. (749) Corporate, Elim. & Adj.** 655 Other, Elim. & Adj. (94)
Total TI Group 15,335 Total TI Group 0 Total TI Group 15,335
EBITDA reported EBITDA reported EBITDA reported
Wireline Domestic 3,888 Wireline Domestic 4 Wireline Domestic 3,892
Mobile Domestic 2,553 Mobile Domestic 0 Mobile Domestic 2,553
Corporate, Elim. & Adj.** (235) Corporate, Elim. & Adj. (235)
Domestic 6,210
European Project 14 European Project 0 European Project 14
TIM Brasil 354 TIM Brasil 0 TIM Brasil 354
Media (52) Media 0 Media (52)
Olivetti (26) Olivetti 0 Olivetti (26)
Bolivia 37 Bolivia 0 Bolivia 37
Corporate, Elim. & Adj. (250) Corporate, Elim. & Adj.** 231 Other, Elim. & Adj. (19)
Total TI Group 6,518 Total TI Group 0 Total TI Group 6,518
EBITDA before exceptionals(1) EBITDA before exceptionals(1) EBITDA before exceptionals(1)
Wireline Domestic 3,938 Wireline Domestic 4 Wireline Domestic 3,942
Mobile Domestic 2,570 Mobile Domestic 0 Mobile Domestic 2,570
Corporate, Elim. & Adj.** (223) Corporate, Elim. & Adj. (223)
Domestic 6,289
European Project 14 European Project 0 European Project 14
TIM Brasil 363 TIM Brasil 0 TIM Brasil 363
Media (48) Media 0 Media (48)
Olivetti (19) Olivetti 0 Olivetti (19)
Bolivia 37 Bolivia 0 Bolivia 37
Corporate, Elim. & Adj. (237) Corporate, Elim. & Adj.** 219 Other, Elim. & Adj. (18)
Total TI Group 6,618 Total TI Group 0 Total TI Group 6,618
* Intercompany revenues relative to European Project were netted from domestic perimeter revenues in the "old view". This accounting practise refers to revenues (42 € mln) and EBIT (-6 € mln), not to
EBITDA . In addition, in line with the current 2007 cla
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
*** Differences from Analyst Day figures are related to the inclusion within "Other activities" of companies previously part of the Domestic perimeter. At the Ebit level this includes the accounting of capital
losses from TILS and Eustema (+25 € mln) amon
(1)
aka "other non organic items"
Historic Quartely Proforma
Index
1H06 figures restatement
OLD VIEW NEW VIEW
1H06 reported Adjustements 1H06 proforma
€ mln (a) (b) (a+b)
EBIT reported EBIT reported EBIT reported
Wireline Domestic 2,371 Wireline Domestic (3) Wireline Domestic 2,368
Mobile Domestic 1,874 Mobile Domestic 0 Mobile Domestic 1,874
Corporate, Elim. & Adj.** (205) Corporate, Elim. & Adj. (205)
Domestic 4,037
European Project (78) European Project 0 European Project (78)
TIM Brasil (78) TIM Brasil 0 TIM Brasil (78)
Media (79) Media 0 Media (79)
Olivetti (35) Olivetti 0 Olivetti (35)
Bolivia 18 Bolivia 0 Bolivia 18
Corporate, Elim. & Adj. (192) Corporate, Elim. & Adj.** 208 Other, Elim. & Adj. 16
Total TI Group 3,801 Total TI Group 0 Total TI Group 3,801
EBIT before exceptionals(1) EBIT before exceptionals(1) EBIT before exceptionals(1)
Wireline Domestic 2,421 Wireline Domestic (3) Wireline Domestic 2,418
Mobile Domestic 1,891 Mobile Domestic 0 Mobile Domestic 1,891
Corporate, Elim. & Adj.** (316) Corporate, Elim. & Adj. (316)
Domestic 3,993
European Project (78) European Project 0 European Project (78)
TIM Brasil (69) TIM Brasil 0 TIM Brasil (69)
Media (74) Media 0 Media (74)
Olivetti (28) Olivetti 0 Olivetti (28)
Bolivia 18 Bolivia 0 Bolivia 18
Corporate, Elim. & Adj. (306) Corporate, Elim. & Adj.** 319 Other, Elim. & Adj. 13
Total TI Group 3,775 Total TI Group 0 Total TI Group 3,775
* Intercompany revenues relative to European Project were netted from domestic perimeter revenues in the "old view". This accounting practise refers to revenues (42 € mln), not to EBITDA and EBIT (-6 €
mln). In addition, in line with the current 2007 clas
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
*** Differences from Analyst Day figures are related to the inclusion within "Other activities" of companies previously part of the Domestic perimeter. At the Ebit level this includes the accounting of capital
losses from TILS and Eustema (+25 € mln) amon
(1)
aka "other non organic items"
Historic Quartely Proforma
Index
9M06 figures restatement
OLD VIEW NEW VIEW
9M06 reported Adjustements 9M06 proforma
€ mln (a) (b) (a+b)
REVENUES REVENUES REVENUES
Wireline Domestic 12,633 Wireline Domestic* 74 Wireline Domestic 12,707
Mobile Domestic 7,565 Mobile Domestic 0 Mobile Domestic 7,565
Corporate, Elim. & Adj.** (1,049) Corporate, Elim. & Adj. (1,049)
Domestic 19,223
European Project 662 European Project 0 European Project 662
TIM Brasil 2,792 TIM Brasil 0 TIM Brasil 2,792
Media 136 Media 0 Media 136
Olivetti 298 Olivetti 0 Olivetti 298
Bolivia 142 Bolivia 0 Bolivia 142
Corporate, Elim. & Adj. (1,124) Corporate, Elim. & Adj.** 975 Other, Elim. & Adj. (149)
Total TI Group 23,104 Total TI Group 0 Total TI Group 23,104
EBITDA reported EBITDA reported EBITDA reported
Wireline Domestic 5,707 Wireline Domestic 3 Wireline Domestic 5,710
Mobile Domestic 3,859 Mobile Domestic 0 Mobile Domestic 3,859
Corporate, Elim. & Adj.** (349) Corporate, Elim. & Adj. (349)
Domestic 9,220
European Project 40 European Project 0 European Project 40
TIM Brasil 604 TIM Brasil 0 TIM Brasil 604
Media (71) Media 0 Media (71)
Olivetti (36) Olivetti 0 Olivetti (36)
Bolivia 59 Bolivia 0 Bolivia 59
Corporate, Elim. & Adj. (376) Corporate, Elim. & Adj.** 346 Other, Elim. & Adj. (30)
Total TI Group 9,786 Total TI Group 0 Total TI Group 9,786
EBITDA before exceptionals(1) EBITDA before exceptionals(1) EBITDA before exceptionals(1)
Wireline Domestic 5,767 Wireline Domestic 3 Wireline Domestic 5,770
Mobile Domestic 3,875 Mobile Domestic 0 Mobile Domestic 3,875
Corporate, Elim. & Adj.** (330) Corporate, Elim. & Adj. (330)
Domestic 9,315
European Project 40 European Project 0 European Project 40
TIM Brasil 608 TIM Brasil 0 TIM Brasil 608
Media (66) Media 0 Media (66)
Olivetti (26) Olivetti 0 Olivetti (26)
Bolivia 59 Bolivia 0 Bolivia 59
Corporate, Elim. & Adj. (352) Corporate, Elim. & Adj.** 327 Other, Elim. & Adj. (25)
Total TI Group 9,905 Total TI Group 0 Total TI Group 9,905
* Intercompany revenues relative to European Project were netted from domestic perimeter revenues in the "old view". This accounting practise refers to revenues (67 € mln) and EBIT (-9 € mln), not to
EBITDA . In addition, in line with the current 2007 cla
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
*** Differences from Analyst Day figures are related to the inclusion within "Other activities" of companies previously part of the Domestic perimeter. At the Ebit level this includes the accounting of capital
(1)
aka "other non organic items"
Historic Quartely Proforma
Index
9M06 figures restatement
OLD VIEW NEW VIEW
9M06 reported Adjustements 9M06 proforma
€ mln (a) (b) (a+b)
EBIT reported EBIT reported EBIT reported
Wireline Domestic 3,421 Wireline Domestic (6) Wireline Domestic 3,415
Mobile Domestic 2,834 Mobile Domestic 0 Mobile Domestic 2,834
Corporate, Elim. & Adj.** (366) Corporate, Elim. & Adj. (366)
Domestic 5,883
European Project (106) European Project 0 European Project (106)
TIM Brasil (47) TIM Brasil 0 TIM Brasil (47)
Media (111) Media 0 Media (111)
Olivetti (49) Olivetti 0 Olivetti (49)
Bolivia 31 Bolivia 0 Bolivia 31
Corporate, Elim. & Adj. (352) Corporate, Elim. & Adj.** 372 Other, Elim. & Adj. 20
Total TI Group 5,621 Total TI Group 0 Total TI Group 5,621
EBIT before exceptionals(1) EBIT before exceptionals(1) EBIT before exceptionals(1)
Wireline Domestic 3,491 Wireline Domestic (6) Wireline Domestic 3,485
Mobile Domestic 2,850 Mobile Domestic 0 Mobile Domestic 2,850
Corporate, Elim. & Adj.** (472) Corporate, Elim. & Adj. (472)
Domestic 5,863
European Project (106) European Project 0 European Project (106)
TIM Brasil (43) TIM Brasil 0 TIM Brasil (43)
Media (106) Media 0 Media (106)
Olivetti (40) Olivetti 0 Olivetti (40)
Bolivia 31 Bolivia 0 Bolivia 31
Corporate, Elim. & Adj. (454) Corporate, Elim. & Adj.** 478 Other, Elim. & Adj. 24
Total TI Group 5,623 Total TI Group 0 Total TI Group 5,623
* Intercompany revenues relative to European Project were netted from domestic perimeter revenues in the "old view". This accounting practise refers to revenues (67 € mln) and EBIT (-9 € mln), not to
EBITDA . In addition, in line with the current 2007 cla
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
*** Differences from Analyst Day figures are related to the inclusion within "Other activities" of companies previously part of the Domestic perimeter. At the Ebit level this includes the accounting of capital
(1)
aka "other non organic items"
Historic Quartely Proforma
Index
FY06 figures restatement
OLD VIEW NEW VIEW
FY06 reported Adjustements FY06 proforma
€ mln (a) (b) (a+b)
REVENUES REVENUES REVENUES
Wireline Domestic 16,880 Wireline Domestic* 108 Wireline Domestic 16,988
Mobile Domestic 10,210 Mobile Domestic 0 Mobile Domestic 10,210
Corporate, Elim. & Adj.** (1,413) Corporate, Elim. & Adj. (1,413)
Domestic*** 25,785
European Project 915 European Project 0 European Project 915
TIM Brasil 3,964 TIM Brasil 0 TIM Brasil 3,964
Media 207 Media 0 Media 207
Olivetti 440 Olivetti 0 Olivetti 440
Bolivia 192 Bolivia 0 Bolivia 192
Corporate, Elim. & Adj. (1,533) Corporate, Elim. & Adj.** 1,305 Other, Elim. & Adj. (228)
Total TI Group 31,275 Total TI Group 0 Total TI Group 31,275
EBITDA reported EBITDA reported EBITDA reported
Wireline Domestic 7,393 Wireline Domestic* 3 Wireline Domestic 7,396
Mobile Domestic 5,042 Mobile Domestic 0 Mobile Domestic 5,042
Corporate, Elim. & Adj.** (545) Corporate, Elim. & Adj. (545)
Domestic*** 11,893
European Project 81 European Project 0 European Project 81
TIM Brasil 950 TIM Brasil 0 TIM Brasil 950
Media (83) Media 0 Media (83)
Olivetti (33) Olivetti 0 Olivetti (33)
Bolivia 82 Bolivia 0 Bolivia 82
Corporate, Elim. & Adj. (582) Corporate, Elim. & Adj.** 542 Other, Elim. & Adj. (40)
Total TI Group 12,850 Total TI Group 0 Total TI Group 12,850
EBITDA before exceptionals(1) EBITDA before exceptionals(1) EBITDA before exceptionals(1)
Wireline Domestic 7,539 Wireline Domestic* 3 Wireline Domestic 7,542
Mobile Domestic 5,064 Mobile Domestic 0 Mobile Domestic 5,064
Corporate, Elim. & Adj.** (518) Corporate, Elim. & Adj. (518)
Domestic*** 12,088
European Project 81 European Project 0 European Project 81
TIM Brasil 954 TIM Brasil 0 TIM Brasil 954
Media (77) Media 0 Media (77)
Olivetti (12) Olivetti 0 Olivetti (12)
Bolivia 82 Bolivia 0 Bolivia 82
Corporate, Elim. & Adj. (549) Corporate, Elim. & Adj.** 515 Other, Elim. & Adj. (34)
Total TI Group 13,082 Total TI Group 0 Total TI Group 13,082
* Intercompany revenues relative to European Project were netted from domestic perimeter revenues in the "old view". This accounting practise refers only to revenues (99 € mln), not to EBITDA or EBIT. In
addition, in line with the current 2007 classificat
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
*** Differences from Analyst Day figures are related to the inclusion within "Other activities" of companies previously part of the Domestic perimeter. At the Ebit level this includes the accounting of capital
(1)
aka "other non organic items"
Historic Quartely Proforma
Index
FY06 figures restatement
OLD VIEW NEW VIEW
FY06 reported Adjustements FY06 proforma
€ mln (a) (b) (a+b)
EBIT reported EBIT reported EBIT reported
Wireline Domestic 4,522 Wireline Domestic* 3 Wireline Domestic 4,525
Mobile Domestic 3,741 Mobile Domestic 1 Mobile Domestic 3,742
Corporate, Elim. & Adj.** (591) Corporate, Elim. & Adj. (591)
Domestic*** 7,676
European Project (125) European Project 0 European Project (125)
TIM Brasil 21 TIM Brasil 0 TIM Brasil 21
Media (137) Media 0 Media (137)
Olivetti (50) Olivetti 0 Olivetti (50)
Bolivia 44 Bolivia 0 Bolivia 44
Corporate, Elim. & Adj. (579) Corporate, Elim. & Adj.** 587 Other, Elim. & Adj. 8
Total TI Group 7,437 Total TI Group 0 Total TI Group 7,437
EBIT before exceptionals(1) EBIT before exceptionals(1) EBIT before exceptionals(1)
Wireline Domestic 4,693 Wireline Domestic* 3 Wireline Domestic 4,696
Mobile Domestic 3,763 Mobile Domestic 1 Mobile Domestic 3,764
Corporate, Elim. & Adj.** (699) Corporate, Elim. & Adj. (699)
Domestic*** 7,761
European Project (125) European Project 0 European Project (125)
TIM Brasil 25 TIM Brasil 0 TIM Brasil 25
Media (132) Media 0 Media (132)
Olivetti (31) Olivetti 0 Olivetti (31)
Bolivia 44 Bolivia 0 Bolivia 44
Corporate, Elim. & Adj. (673) Corporate, Elim. & Adj.** 695 Other, Elim. & Adj. 22
Total TI Group 7,564 Total TI Group 0 Total TI Group 7,564
* Intercompany revenues relative to European Project were netted from domestic perimeter revenues in the "old view". This accounting practise refers only to revenues (99 € mln), not to EBITDA or EBIT. In
addition, in line with the current 2007 classificat
** In the "new view", most of "Corporate" P&L is now included in "Domestic". Eliminations between Domestic mobile and fixed are calculated within the Domestic perimeter.
*** Differences from Analyst Day figures are related to the inclusion within "Other activities" of companies previously part of the Domestic perimeter. At the Ebit level this includes the accounting of capital
(1)
aka "other non organic items"
Main Group Subsidiares Index
click on the links below
NAME COUNTRY % OWNERSHIP P&L Group YTD
(economic interest) P&L Group by quarter
Key Financial data by BU YTD
BBNed Netherlands 100.00% Key Financial data by BU by quarter
Reported & Organic Figures YTD
Hansenet Germany 100.00% Reported & Organic Figures by quarter
Domestic Business Results
TI France France 100.00% Domestic Wireline Results
Domestic Mobile Results
Olivetti Italy 100.00% TIM Brasil Results
European BroadBand
TIM Partecipaçoes S.A. Brasil 69.67% Historic Quarter Proforma
Analyst Tools
TI Media Italy 67.95% Cover
Entel S.A. - Bolivia Bolivia 50.00%
Etecsa (Cuba) Cuba 27.00%
Telecom Argentina Argentina 13.97%
Analyst Tools
Report & Results
Press Release
Financial documents archive
Upcoming financial events
Report & Results
Press Release
Financial documents archive
Upcoming financial events
TIM Part. Website
Upcoming financial events
Index
click on the links below
P&L Group YTD
P&L Group by quarter
Key Financial data by BU YTD
Key Financial data by BU by quarter
Reported & Organic Figures YTD
Reported & Organic Figures by quarter
Domestic Business Results
Domestic Wireline Results
Domestic Mobile Results
TIM Brasil Results
European BroadBand
Historic Quarter Proforma
Main Group Subsidiaries
Cover