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Telecom Italia SpA ADR TIIAY Stock Quote

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Morningstar‘s Stock Analysis TIIAY

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Reducing Telecom Italia's FVE to EUR 0.25 on Weaker Outlook and Fading KKR Offer

Javier Correonero Equity Analyst

Business Strategy and Outlook

| Javier Correonero |

Telecom Italia, or TIM, has over 30% market share in the mobile market and 45% share in broadband in Italy. Since the entrance of Iliad in the mobile market in 2018, TIM and Vodafone have seen their top lines decline substantially, pressured by customer losses and lower pricing. Iliad has gained more than 8.5 million customers in three years by offering more-for-less plans, forcing other operators to adjust their pricing. This pressure comes on top of an already competitive Italian mobile market, with low average revenue per user due to its prepaid nature.

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Key Statistics TIIAY

Company Profile TIIAY

Business Description

Telecom Italia is the incumbent telephone operator in Italy with more than 30% market share in the Italian mobile market and 45% market share in broadband. In the mobile market it competes with Vodafone, Wind Tre and Iliad. On the broadband side, its main competitor is Open Fiber, which operates a wholesale network giving equal access to several operators. TIM also has a 20% wireless market share in Brazil and has started building a broadband network in the country, although its reach is very small compared with its competitors Telefonica and America Movil.

Corso D'Italia, 41
Rome, 00198, Italy
T +39 636881
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 45,974

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