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    TIT   IT0003497168

TELECOM ITALIA S.P.A.

(TIT)
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TIM and Unimpresa: agreement signed for digitalisation of...

06/10/2021 | 05:16am EDT

TIM and Unimpresa have signed an agreement that aims to accelerate the digital transformation of Italian SMEs and boost their competitiveness through the adoption of innovative technological solutions, as well as training and digital skills development for employees.

The agreement focuses on developing IT solutions which are becoming more and more necessary for business growth, remote communication services, cloud platforms and 'digital assessment' services, to certify the level of digitalisation of companies. Moreover, to advance digital skills in companies, training sessions will be held on innovation as part of TIM's great 'Operazione Risorgimento Digitale' alliance between institutions and businesses to encourage the spread of digital culture.

The agreement will help to support small and medium-sized enterprises - which are the backbone of the country's economy - at a time of major and rapid transformation. TIM is providing its solutions starting with the 'Smart District' project, which aims to encourage entrepreneurship in industrial districts. Indeed, TIM offers companies a range of latest-generation services, drawing on the specialist skills of Noovle for Cloud and edge computing solutions, Olivetti for the Internet of Things, Telsy for Cybersecurity and Sparkle for international services.

Rome, 10 June 2021

Disclaimer

Telecom Italia S.p.A. published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 09:15:03 UTC.


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Financials
Sales 2021 15 766 M 18 726 M 18 726 M
Net income 2021 636 M 755 M 755 M
Net Debt 2021 21 266 M 25 260 M 25 260 M
P/E ratio 2021 13,6x
Yield 2021 2,65%
Capitalization 8 011 M 9 523 M 9 515 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,84x
Nbr of Employees 52 182
Free-Float 72,3%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 0,37 €
Average target price 0,53 €
Spread / Average Target 42,8%
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Managers and Directors
Luigi Gubitosi Chief Executive Officer & Executive Director
Giovanni Ronca Chief Financial Officer
Salvatore Rossi Chairman
Michele Gamberini Chief Technology & Information Officer
Herculano AnÝbal Alves Chief Technology Officer
Sector and Competitors