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  September 5, 2001
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Home > Company Index > Telecommunications > Diversified Telecom Service Providers > Olivetti S.p.A.

Olivetti S.p.A.
OTC: OLVTY
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 PROFILE
These days, Olivetti pushes keypads, not keyboards. The maker of the first Italian typewriter has sold its PC business and is making its mark in telecommunications. Olivetti controls 55% of former monopoly Telecom Italia, the nation's #1 fixed-line and mobile phone operator. Despite its focus on telecommunications, Olivetti hasn't completely exited the office equipment business: Subsidiary Olivetti Tecnost offers office and document management products. Other Olivetti subsidiaries provide information technology and networking services. A holding company led by Olivetti CEO Roberto Colaninno owns 23% of Olivetti, but tire maker Pirelli and the Benetton family are joining forces to buy out the Colaninno group.

 COMPETITION
International Business Machines Corporation (IBM)
Infostrada S.p.A. (dossier)
Omnitel Pronto Italia S.p.A. (dossier)

 DEALS
Deal: Pirelli, Benetton Family to Control Telecom Italia
Date Announced: 07.30.01
Value of transaction (US $Mil): 6.14
Description: Tire and fiber maker and clothing retailer acquire control of the Italian telco through the joint acquisition of a 23 percent stake in Olivetti, the office-equipment and tech services firm that owns the majority of Telecom Italia shares.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 28,357.20
1-Yr. Sales Growth: (6.0)%
Employees: 120,973
Revenue per employee: $234,409.33

 KEY PEOPLE
• Roberto Colaninno
    CEO
• Luciano P. La Noce
    CFO

 CONTACT INFO
Via Jervis 77
10015 Ivrea Torino, Italy
Phone: 39-0125-52-00
Fax: 39-0125-52-2524
Online: Web Site

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