Telecom Italia S.p.A. (OTCPK:TIIAY) Q1 2025 Results Conference Call May 8, 2025 5:00 AM ET
Company Participants
Paolo Lesbo – Head of Investor Relations
Pietro Labriola – Chief Executive Officer
Adrian Calaza – Chief Financial Officer
Andrea Rossini – Head-Consumer, Small and Medium Market Office
Elio Schiavo – Chief Enterprise & Innovative Solutions Office
Conference Call Participants
Joshua Mills – BNP Paribas
David Wright – Bank of America
Domenico Ghilotti – Equita
Giorgio Tavolini – Intermonte
Mathieu Robilliard – Barclays
Luigi Minerva – HSBC
James Ratzer – New Street Research
Andrew Lee – Goldman Sachs
Andrea Todeschini – Banca Akros
Operator
Ladies and gentlemen, good morning, and welcome to TIM First Quarter 2025 Presentation. Paolo Lesbo, Head of Investor Relations, will introduce the event.
Paolo Lesbo
Ladies and gentlemen, good morning, and welcome to TIM first quarter 2025 results presentation. I’m here with the CEO, Pietro Labriola; the CFO, Adrian Calaza; and the rest of the management team.
Today, we present the highlights of the first quarter and review the main operating and financial results. At the end, there will be the usual Q&A session.
I point out that Sparkle is treated as a discontinued operation as indicated in the guidance provided in February. Therefore, it is excluded from this set of results unless otherwise stated, and so it will in coming quarters. Please refer to the safe harbor disclaimer in the appendix for the definition of the results perimeter.
Now I hand the stage over to Pietro. Pietro, the floor is yours.
Pietro Labriola
Thank you, Paolo. Good morning, everyone. Let me start with what I believe are the most relevant messages for this quarter. First of all, since our February call, Poste Italiane agreed to acquire a 15% stake from Vivendi. Once completed, Poste will become TIM’s largest shareholder, holding 24.8% of ordinary shares. This marks a fundamental step towards greater
