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The object of the present study is to analyse in the first place the evolution of the telecommunications market in Italy, as well as the benefits to users, as a result of the liberalisation process occurred. Afterwards, the paper will investigate into the competitor competitive scenario characterised by a deep financial crisis affecting the euro area. In this view, the Italian market will be analysed by focusing on the former monopolist, namely Telecom, whose new organisational and corporate structure, as well as its development strategies both in the domestic and international market are examined in the light of its privatisation.