Commentary & Deal Flow

Telecom Italia S.p.A. (TITIM), a leading information and communications technology (ICT) provider in Italy and Brazil, rated Ba2 (Stable) / BB (Stable) / BB (Positive) by Moody’s / S&P / Fitch, has mandated BNP PARIBAS, Crédit Agricole CIB, J.P. Morgan and UniCredit to arrange a series of fixed-income investor calls on Monday, 22 September 2025.

An investor presentation has been made available on DealRoadshow (at the relevant web page indicated below).

 A EUR Benchmark 5yr fixed, Reg S, Senior Unsecured bond offering, expected to be rated Ba2 / BB / BB (by Moody’s / S&P / Fitch) (the “Bond”), may follow in the near future, subject to market conditions. The Bond, if issued, will be allocated to General Corporate Purposes and will be offered under the TIM’s EUR 10bn Euro Medium Term Note Programme.

The Joint Bookrunners on the Bond will be BBVA, BNP PARIBAS, Citi, Crédit Agricole CIB, Goldman Sachs International, IMI – Intesa Sanpaolo, J.P. Morgan, MUFG, Santander, Société Générale and UniCredit.

Biz: Leading information and communications technology (ICT) provider in Italy and Brazil. HQ: Milan, Italy.

Deal Roadshow LINK: https://dealroadshow.com/e/HAUTACAM25. Entry code: HAUTACAM25.

Calls Schedule:

Monday, 22 September 2025 – 1on1/Small Group Calls

Slot #1: 10:30 – 11:15 UKT / 11:30 – 12:15 CET

Slot #2: 11:30 – 12:15 UKT / 12:30 – 13:15 CET

Slot #3: 12:30 – 13:15 UKT / 13:30 – 14:15 CET

Slot #4: 14:30 – 15:15 UKT / 15:30 – 16:15 CET

Slot #5: 15:30 – 16:15 UKT / 16:30 – 17:15 CET

Slot #6: 16:30 – 17:15 UKT / 17:30 – 18:15 CET