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Investor Presentaiton

Telecom Italia Conference Call 2010 Results & Plan Update Mobile Business: Main Goals and Action Plan Goals Consolidate VAS leadership through strong Mobile Lines (Millions) growth in data revenues Increase customer base smartphones & tablet penetration Further development of youth segment and social networking Action Plan Upgrade 3G network, capacity, quality and coverage Handset upgrade plan with 3G devices Bundled data + social network plans Mobile internet massification through convenient prepaid packaging offers Loyalty targeted customer care programs ahead of mobile number portability (1) Argentinean Operation only TELECOM ITALIA FRANCO BERTONE Outlook (1) Cagr '10-'13 +5% 17.6 16.3 2010 2011 2013 ARPU 50 Cagr '10-'13 +12% (ARS per month) 44 + ARPU VAS 2010 2011 2013 Business Model 2009-10 <2009 2011-13 + Customer Development +Capture 10
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