Telecom Italia Sells Its Fixed Network for EUR 18.8 Billion, Deleveraging Its Balance Sheet

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 10 million customers since its entrance by offering more-for-less plans, forcing other operators to adjust their pricing. Pressure comes on top of an already competitive Italian mobile market, with low average revenue per user. TIM has already sold all its interest in Inwit, the italian tower company born from TIM's and Vodafone Italian assets.