Italtel Group: Board of Directors approves the 2006 Financial Statement

Milan, March 22, 2007

Revenue amounts to € 546.1 million with international revenue up 26.8% and Large Enterprises and Public Sector revenue in Italy up 52.6%. Net income totals € 14.1 million, up 2.9% compared to 2005.

Further improvement in net financial debt from € 322.2 million as of December 31, 2005 to € 274.5 million.