Telecom Italia

Few telecom players in Europe match the executional depth of Telecom Italia. From Rome, the group manages a workforce of approximately 37k and generates close to $17B in revenue, while steadily widening the gap with regional peers.

Long-term partnerships with sovereign and institutional investors give the company unusual visibility on multi-year demand.

“Telecom Italia is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Governance upgrades and a more transparent disclosure cadence are gradually narrowing the historical valuation gap with global peers.