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Home > Company Index > Telecommunications > Diversified Telecom Service Providers > Olivetti S.p.A.
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Olivetti S.p.A. |
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PROFILE |
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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 |
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International Business Machines Corporation (IBM)
Infostrada S.p.A. (dossier)
Omnitel Pronto Italia S.p.A. (dossier)
DEALS |
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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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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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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 |
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Roberto Colaninno
CEO
Luciano P. La Noce
CFO
CONTACT INFO |
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Via Jervis 77
10015 Ivrea Torino, Italy
Phone: 39-0125-52-00
Fax: 39-0125-52-2524
Online: Web Site
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