TIM S.p.A., also operating under the name Telecom Italia (TI), the former state owned monopoly, which was privatized in 1997,, (one American Depository Share of TI is equal to 10 ordinary shares) provides fixed and mobile telecommunication services, with a dominant presence in Italy and a large footprint in Brazil. Its strategic markets are Italy and Brazil. Main operations are conducted by the following two business units: (i) domestic business unit (79% of 2016 revenue) - includes fixed and mobile voice and data services for retail customers and wholesale operators, as well as international wholesale