We contribute to the sustainable development of the countries where we operate, with innovative network infrastructures and digital services, sharing our skills and know-how. Read more

Latest press releases

Read the latest press releases and search the archives of TIM Group's Press Office.

TIM and LGBT+ people: the road to inclusion

Our presence at the Pride events, our collaboration with Parks, Valentina' story , LGBT+ wife and mother. Read more

Telecom Italia Board of Directors meets

Merger of TI Audit in Telecom Italia approved

Lucia Calvosa appointed to the Internal Control and Corporate Governance Committee

Agreement on termination of Content Competence Center contract with TI Media

09/29/2011 - 07:11 PM

The Telecom Italia Board of Directors, chaired by Franco Bernabè, today approved the merger by incorporation of Telecom Italia Audit and Compliance Services S.c.a r.l. within Telecom Italia S.p.A. The operation will involve the prior acquisition of the entire capital of the company, currently held for 18.18% by Telecom Italia Media S.p.A.
The merger is expected to close within the end of the year.

The Board accepted the resignation of Francesco Profumo from the Internal Control and Corporate Governance Committee, appointing Lucia Calvosa in his place. The Committee therefore continues to be composed of five directors, all independent.

Lastly, the Board has decided to terminate the Content Competence Centre contract with Telecom Italia Media in force since 2007. The contract concerns the supply by TI Media of editorial activities concerning the conceiving, the planning of programming, the research and acquisition of media content for distribution over Telecom Italia’s various TV platforms (IPTV and the Cubovision suite).
The decision to terminate the contract, with payment of an indemnity to TI Media, follows the adoption of a new business model reflecting the shift from conventional Broadband TV to a content-on-demand platform. The size of the indemnity (agreed at €20.5 million) was confirmed by the opinion of an independent external evaluator identified jointly by the two parties.


Milan, 29 September 2011


Press Release (73 Kb)

74 KB