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  "documentTitle": "Telecom Italia SpA (TIM) (TIT.MI)",
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  "authorName": "Elliott",
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  "presentationDate": "2018-04-05 00:00:00",
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  "notes": "The slide uses a combination of an area chart for relative capex, a bar chart for coverage, and a data table for operational KPIs.",
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      "kind": "callout",
      "text": "Over the past 3 years TIM has had to invest more than other EU incumbents... to expand broadband coverage in Italy (closing the gap with other European countries)... with positive impact on its results",
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      "text": "% Total TIM Fiber Coverage in Italy",
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      "text": "Source: Company's filings for TIM, Bloomberg for peers. Peers include European incumbents: Vodafone, Telefonica, Orange, Telekom Austria, DT, Swisscom, Proximus and KPN.",
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      "text": "Operational KPIs: Fixed BB Customers, UBB Users, and BB ARPU",
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      "text": "Results Have Come",
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      "evidence": "Slides 10-22 agitate the issues with Vivendi's management, highlighting contradictions and poor stewardship.",
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